8-Unit Mixed-Use
127 E 28TH ST, New York, NY 10016
For Sale
Contact for pricing
The five-story building contains seven residential units and one commercial unit.
Property Size6,021 SF
Lot Size0.04 Acres
Price / SF$913.47
Days on Market11
Property Features for 127 E 28TH ST
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
Capital Realty Investors, Inc
Listed By:
Flavia Zaguini · License NY #10311210405
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:41PM
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 Capital Realty Investors, Inc
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Investment Insights
Based on property information with market context.
At 127 E 28th St in New York, this five-story mixed-use building dates to 1910 and contains approximately 6,021 SF. Its eight units comprise seven residential units—five FM and two RS—and one commercial unit. The building measures approximately 21 x 69 feet on a lot measuring approximately 21.5 x 78.75 feet, with a lot area of approximately 1,683 SF.
The property has 4,107 SF of available air rights and a stated maximum buildable area of 10,132 SF. Reported FAR figures are 6.02 for residential use, 6 for commercial use, and 6.5 for the facility.
The property has 4,107 SF of available air rights and a stated maximum buildable area of 10,132 SF. Reported FAR figures are 6.02 for residential use, 6 for commercial use, and 6.5 for the facility.
Key Highlights
- Eight total units: seven residential and one commercial
- Approximately 6,021 SF building area
- 4,107 SF of available air rights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,919
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,838,380
$3.8M
Cap Rate 7%
$2,741,700
$2.7M
Cap Rate 9%
$2,132,433
$2.1M
Market Conditions
NOI Build-Up for 6,021 SF
Gross rent
$361.3K $60.00/SF
− Vacancy
−$54.2K −$9.00/SF
EGI
$307.1K $51.00/SF
− OpEx
−$115.2K −$19.13/SF
NOI
$191.9K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,838,380
Cap Rate 7%
$2,741,700
Cap Rate 9%
$2,132,433
Alternative Uses
Best Use
Mixed Use
$2.74M
$2.40M – $3.20M
NOI $191,919 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$2.69M
$2.35M – $3.14M
NOI $188,381 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$4.21M
$3.68M – $4.91M
NOI $294,659 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
73,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in New York, NY
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The five-story building contains seven residential units and one commercial unit.
Where is this mixed-use property located?
The property is located at 127 E 28TH ST New York, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Eight total units: seven residential and one commercial; Approximately 6,021 SF building area; 4,107 SF of available air rights
