Yorkville Multifamily with Office
For Sale
Contact for pricing
326 E 93rd Street New York, Manhattan, NY 10128
Five-story, 10-unit multifamily building plus a two-room office suite with a half bath and direct garden access.
Property Size8,448 SF
Price / SF$615.53
Days on Market12
Property Features for 326 E 93rd Street New York
General Information
Standard status
Active
Size
8,448 SF
Property subtype
Commercial
Units
Multifamily Units
10
Office Units
1
Additional Details
Cap Rate
5.5%
Highway Access
Yes
Amenities
private landscaped rear yard
Building Details
Year Built
1910
Stories
5
Listing Agency:
RE/MAX Town & Country
Listed By:
Howard Payson ([email protected])
Source:
Ridgevalleyre
Added: Jul 20
Changed: Jul 22
Last Checked: Jul 30 at 7:13AM
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 RE/MAX Town & Country
Investment Insights
Based on property information with market context.
326 East 93rd Street is a five-story, 10-unit multifamily property with an additional office suite. The residential configuration includes two one-bedroom apartments (Units 1A and 1B) and eight two-bedroom apartments (Units 2A, 2B, 3A, 3B, 4A, 4B, 5A, and 5B). Unit 1C is configured as a two-room office with a half bath and direct access to the private rear garden.
A standout feature is the expansive private landscaped rear yard, offering a courtyard setting with established garden beds and mature greenery. The building is located on tree-lined streets in Manhattan’s Yorkville neighborhood, with access to nearby restaurants, shopping, parks, medical institutions, the Second Avenue subway, and the FDR Drive.
The unit mix includes seven free-market units, two rent-stabilized units, and one rent-controlled unit. The property is described as offered in turnkey condition for a new owner or operator.
A standout feature is the expansive private landscaped rear yard, offering a courtyard setting with established garden beds and mature greenery. The building is located on tree-lined streets in Manhattan’s Yorkville neighborhood, with access to nearby restaurants, shopping, parks, medical institutions, the Second Avenue subway, and the FDR Drive.
The unit mix includes seven free-market units, two rent-stabilized units, and one rent-controlled unit. The property is described as offered in turnkey condition for a new owner or operator.
Key Highlights
- Five‑story, 10‑unit multifamily building plus a two‑room office suite with a half bath and direct access to the private rear garden
- Approx. 8,448 SF total and built in 1910
- Residential unit mix: 2 one‑bedroom apartments (1A, 1B) and 8 two‑bedroom apartments (2A, 2B, 3A, 3B, 4A, 4B, 5A, 5B)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $557.6k | $66.00 |
| − Vacancy | −$94.8k | −$11.22 |
| EGI | $462.8k | $54.78 |
| − OpEx | −$115.7k | −$13.69 |
| NOI | $347.1k | $41.08 |
8,448 SF · lease $66.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.96M
$4.34M – $5.78M
NOI $347,086 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$3.77M
$3.30M – $4.40M
NOI $263,759 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,461 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
15,282
Businesses Nearby
Explore this area
Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-story, 10-unit multifamily building plus a two-room office suite with a half bath and direct garden access.
Where is this apartment building located?
The property is located at 326 E 93rd Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Five‑story, 10‑unit multifamily building plus a two‑room office suite with a half bath and direct access to the private rear garden; Approx. 8,448 SF total and built in 1910; Residential unit mix: 2 one‑bedroom apartments (1A, 1B) and 8 two‑bedroom apartments (2A, 2B, 3A, 3B, 4A, 4B, 5A, 5B)
