Inwood Coop with Garden
For Sale
$539,000
Pending
62 Park Ter W A-77, New York, NY 10034
Two-bedroom coop with garden views in desirable Inwood location.
Property Size975 SF
Days on Market315
Property Features for 62 Park Ter W A-77
General Information
Standard status
Pending
Size
975 SF
Property subtype
Residential
Building Details
Building Size
975 SF
Year Built
1939
Listed By:
Joseph A Burby
(646) 522-0312
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 25
Last Checked: Oct 7 at 12:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph A Burby
Investment Insights
Based on property information with market context.
This two-bedroom coop is located in a desirable Inwood neighborhood. The apartment features garden views from every window. The unit includes a functional kitchen and bathroom ready for renovation. The apartment also features closet space and a sunken living room. High-speed internet is included in the maintenance. Park Terrace Gardens provides access to common roof decks equipped with barbecue grills, a dining area, and Adirondack chairs. Residents can view sunsets over Inwood Hill Park from the roof decks. The building also offers new laundry rooms and elevators. A garden is available for residents' enjoyment, hosting two community events each year.
Key Highlights
- Garden views from every window
- High‑speed internet included in maintenance
- Common roof decks with BBQ grills, dining area, and views of Inwood Hill Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,505
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,100
$610.1K
Cap Rate 7%
$435,786
$435.8K
Cap Rate 9%
$338,944
$338.9K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$58.4K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$55.5K $56.89/SF
− OpEx
−$25.0K −$25.60/SF
NOI
$30.5K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,100
Cap Rate 7%
$435,786
Cap Rate 9%
$338,944
Alternative Uses
Best Use
Apartment 5plus
$435.8K
$381.3K – $508.4K
NOI $30,505 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.43M
$2.12M – $2.83M
NOI $169,884 @ 7.0% cap · market cap 31.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 10034, NY
36,778
Population
16,599
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
80%
High-School Grad
1.0 sq mi
ZIP Area
36,778
Density / Sq Mi
$69,786
Median Household Income
$47,553
Median Earnings
$1,621
Median Rent
$518,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom coop with garden views in desirable Inwood location.
Where is this apartment building located?
The property is located at 62 Park Ter W A-77 New York, NY.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Garden views from every window; High‑speed internet included in maintenance; Common roof decks with BBQ grills, dining area, and views of Inwood Hill Park
