Top-Floor Residential Income
123 E 102ND Street 6B, New York City, NY 10029
For Sale
$450,000
Top-floor HDFC co-op with two bedrooms, south-facing living space, and abundant built-in storage.
Property Size573 SF
Price / SF$785.34
Days on Market61
Property Features for 123 E 102ND Street 6B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
on-site laundry
courtyard
bike storage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Decode Real Estate
Listed By:
Sean Adu-Gyamfi
(646) 527-1436
Source:
Carlinwright
Added: Sep 10
Changed: Oct 31
Last Checked: Nov 8 at 1:51PM
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 Decode Real Estate
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Investment Insights
Based on property information with market context.
This 1930 HDFC co-op is a two-bedroom apartment on the top floor of a five-flight walk-up. The layout includes a long entry foyer, south-facing living and dining room, windowed pass-through kitchen, five closets, and city views. Both bedrooms are described as quiet and comfortable, with natural light extending through the main living areas.
Building amenities include on-site laundry, an outdoor courtyard, and bike storage, with rooftop access coming soon. The property is near the 6 train at 103rd Street and Lexington, with M101, M102, and M103 bus service along Lexington. Central Park is within walking distance, while East River Plaza is minutes north. Board approval applies to subletting, which is permitted for up to two years after two years of primary residence.
Building amenities include on-site laundry, an outdoor courtyard, and bike storage, with rooftop access coming soon. The property is near the 6 train at 103rd Street and Lexington, with M101, M102, and M103 bus service along Lexington. Central Park is within walking distance, while East River Plaza is minutes north. Board approval applies to subletting, which is permitted for up to two years after two years of primary residence.
Key Highlights
- Two‑bedroom HDFC co‑op at 123 E 102ND Street 6B
- Top‑floor residence in a five‑flight walk‑up
- South‑facing living and dining room with city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,851
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,020
$437.0K
Cap Rate 7%
$312,157
$312.2K
Cap Rate 9%
$242,789
$242.8K
Market Conditions
NOI Build-Up for 573 SF
Gross rent
$41.3K $72.00/SF
− Vacancy
−$1.5K −$2.66/SF
EGI
$39.7K $69.34/SF
− OpEx
−$17.9K −$31.20/SF
NOI
$21.9K $38.13/SF
Area
ZIP 10029
Vacancy
3.70%
Lease Rate
$72.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,020
Cap Rate 7%
$312,157
Cap Rate 9%
$242,789
Alternative Uses
Best Use
Apartment 5plus
$312.2K
$273.1K – $364.2K
NOI $21,851 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.6K
$350.5K – $467.4K
NOI $28,042 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,974
Businesses Nearby
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Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor HDFC co-op with two bedrooms, south-facing living space, and abundant built-in storage.
Where is this residential income property located?
The property is located at 123 E 102ND Street 6B New York City, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑bedroom HDFC co‑op at 123 E 102ND Street 6B; Top‑floor residence in a five‑flight walk‑up; South‑facing living and dining room with city views
