Renovated Residential Income
126 Riverside Drive 4B, Manhattan, NY 10024
For Sale
$669,000
A one-bedroom co-op residence features updated kitchen and bath finishes, tall windows, and a shared rooftop deck.
Property Size600 SF
Price / SF$1,115
Days on Market30
Property Features for 126 Riverside Drive 4B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
bicycle storage
video intercom system
additional storage
shared roof deck
Building Details
Building Size
Year Built
Stories
Listing Agency:
Daniel Gale of Brooklyn LLC
Listed By:
Andrew Moore · License #10401361427
(718) 638-6500
Source:
Carlinwright
Added: Oct 9
Changed: Nov 7
Last Checked: Nov 6 at 2:38PM
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 Daniel Gale of Brooklyn LLC
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Investment Insights
Based on property information with market context.
This renovated one-bedroom residence spans 600 square feet in a seven-story cooperative completed in 1926. Ten-foot ceilings, oak floors, tall windows, and custom LED lighting shape the interior. The updated kitchen has butcher-block counters and a 30-inch Bertazzoni range; the renovated bathroom includes mosaic-style tile and a deep soaking tub. Three closets provide storage, and the living room includes a nook suited to dining or office use. Pied-à-terre ownership is permitted.
The cooperative has 27 residences and no underlying mortgage. Restored common hallways and lobby, bicycle storage, video intercom, a shared roof deck with Hudson River views, and additional storage subject to availability are among the building features. Riverside Park is across the street. The 1 train is at Broadway and West 86th Street, with M86 Select Bus Service and the M5 also nearby. Two designated Zipcar spaces are directly in front of the building; car sharing is subject to membership and vehicle availability.
The cooperative has 27 residences and no underlying mortgage. Restored common hallways and lobby, bicycle storage, video intercom, a shared roof deck with Hudson River views, and additional storage subject to availability are among the building features. Riverside Park is across the street. The 1 train is at Broadway and West 86th Street, with M86 Select Bus Service and the M5 also nearby. Two designated Zipcar spaces are directly in front of the building; car sharing is subject to membership and vehicle availability.
Key Highlights
- 600‑square‑foot, renovated one‑bedroom residence
- Ten‑foot ceilings, oak hardwood floors, and tall windows
- Updated kitchen with butcher‑block counters and a 30‑inch Bertazzoni range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,772
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,440
$375.4K
Cap Rate 7%
$268,171
$268.2K
Cap Rate 9%
$208,578
$208.6K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$35.9K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.1K $56.89/SF
− OpEx
−$15.4K −$25.60/SF
NOI
$18.8K $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%
$375,440
Cap Rate 7%
$268,171
Cap Rate 9%
$208,578
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,544 @ 7.0% cap · market cap 15.63%
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
9,445
Businesses Nearby
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Business Placement
Demographics for 10024, NY
62,250
Population
36,723
Households
1.7
Avg Household Size
43
Median Age
84%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
69,167
Density / Sq Mi
$182,614
Median Household Income
$117,078
Median Earnings
$2,965
Median Rent
$1,746,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom co-op residence features updated kitchen and bath finishes, tall windows, and a shared rooftop deck.
Where is this residential income property located?
The property is located at 126 Riverside Drive 4B Manhattan, NY.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 600‑square‑foot, renovated one‑bedroom residence; Ten‑foot ceilings, oak hardwood floors, and tall windows; Updated kitchen with butcher‑block counters and a 30‑inch Bertazzoni range
