Luxury Co-op Residence with
For Sale
$2,595,000
190 72nd St, New York, NY 10021
High-floor co-op residence with 6 bedrooms, 6 bathrooms, and panoramic Central Park and skyline views.
Property Size4,000 SF
Price / SF$648.75
Days on Market569
Property Features for 190 72nd St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Apartment
Amenities
A/C - Other
Dishwasher
3
No Fence
No Parking.
City, Panoramic, City, Bridge View
None.
Building Details
Year Built
1960
Listing Agency:
(212) 439-4568
Listed By:
Coldwell Banker Warburg
(917) 596-2866
Source:
Xome
Added: Jan 19, 2025
Changed: Aug 8
Last Checked: Aug 10 at 2:52AM
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 Coldwell Banker Warburg
Investment Insights
Based on property information with market context.
Set on a high floor, this luxury co-op residence offers panoramic Central Park and city skyline views through oversized windows. The home features a gracious foyer opening to a large living and dining area, an oversized windowed chef’s kitchen with a massive granite center island and high-end appliances, and a double-sized primary suite with spa-like en-suite bath. Additional space includes three east-facing bedrooms on one wing with marble bathrooms, two additional west-side bedrooms with en-suite bathrooms, a private windowed office/den, and a separate laundry room with a sink. Updated improvements include new soundproof windows, updated flooring and systems, and 12 custom-fitted closets.
The building is described as a premier full-service luxury cooperative with a 24-hour doorman, well-equipped gym, on-site garage, rooftop lounge, individual storage unit, bike room, and playroom. Policies listed include pied-à-terre and pets, in-unit washer/dryer, co-purchasing, and 70% financing eligibility. There is an ongoing monthly assessment of $1,338.
The property is presented as a 6-bedroom, 6-bathroom layout with abundant natural light and multiple windowed rooms throughout.
The building is described as a premier full-service luxury cooperative with a 24-hour doorman, well-equipped gym, on-site garage, rooftop lounge, individual storage unit, bike room, and playroom. Policies listed include pied-à-terre and pets, in-unit washer/dryer, co-purchasing, and 70% financing eligibility. There is an ongoing monthly assessment of $1,338.
The property is presented as a 6-bedroom, 6-bathroom layout with abundant natural light and multiple windowed rooms throughout.
Key Highlights
- High‑floor co‑op residence with 6 bedrooms, 6 bathrooms, and approx. 4,000 SF of living space
- Panoramic Central Park and city skyline views from oversized, sunlit rooms
- Chef’s kitchen with Miele and Viking appliances and a massive granite center island
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,502,980
$2.5M
Cap Rate 7%
$1,787,843
$1.8M
Cap Rate 9%
$1,390,544
$1.4M
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$239.5K $59.88/SF
− Vacancy
−$12.0K −$2.99/SF
EGI
$227.5K $56.89/SF
− OpEx
−$102.4K −$25.60/SF
NOI
$125.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,502,980
Cap Rate 7%
$1,787,843
Cap Rate 9%
$1,390,544
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.56M – $2.09M
NOI $125,149 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.96M
$8.71M – $11.62M
NOI $696,960 @ 7.0% cap · market cap 26.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - High-floor co-op residence with 6 bedrooms, 6 bathrooms, and panoramic Central Park and skyline views.
Where is this residential income property located?
The property is located at 190 72nd St New York, NY.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: High‑floor co‑op residence with 6 bedrooms, 6 bathrooms, and approx. 4,000 SF of living space; Panoramic Central Park and city skyline views from oversized, sunlit rooms; Chef’s kitchen with Miele and Viking appliances and a massive granite center island
