Renovated Penthouse Residential Income
For Sale
$540,000
140 Cabrini Boulevard 103, New York City, NY 10033
Two-bedroom co-op residence with a private terrace, Hudson River vistas, and extensive building amenities.
Property Size850 SF
Price / SF$635.29
Days on Market114
Property Features for 140 Cabrini Boulevard 103
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$4,058
Public Transit
Yes
Amenities
private terrace
central air conditioning
fitness room
laundry room
indoor and outdoor play spaces
community garden
on-site garage
storage cabinets
bike storage
community room
roof decks
hi-speed internet
Wi-Fi hot spots
Building Details
Building Size
850 SF
Year Built
1939
Listing Agency:
REAL BROKER LLC
Listed By:
Francisco J Menendez
(917) 613-7107
Source:
Carlinwright
Added: May 15
Changed: Sep 4
Last Checked: Sep 5 at 5:13AM
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 REAL BROKER LLC
Investment Insights
Based on property information with market context.
Penthouse #139 is a renovated two-bedroom, two-bath co-op residence with a private terrace and central air conditioning. The home includes an open kitchen with stainless-steel appliances, cherry cabinetry, granite countertops, and a peninsula opening to the dining area. The primary bedroom has a renovated ensuite shower bathroom, while the second bedroom is currently arranged as an office and den. Six closets and a second full bathroom with linen storage add practical utility. Recently replaced energy-efficient windows are installed throughout the apartment.
The residence is located within Castle Village, a five-building co-op completed in 1939 on 7.5 acres. Building and community amenities include a fitness room, laundry facilities, indoor and outdoor play areas, a community garden, bike storage, a large event room, roof decks, on-site management, part-time doormen, and 24-hour security guards. An on-site garage and storage cabinets are also available for an extra fee or subject to wait-list availability. The A train and #1 train are nearby, with Midtown approximately 20 minutes away. Fort Tryon Park, Riverside Park, and The Met Cloisters Museum are also nearby.
The residence is located within Castle Village, a five-building co-op completed in 1939 on 7.5 acres. Building and community amenities include a fitness room, laundry facilities, indoor and outdoor play areas, a community garden, bike storage, a large event room, roof decks, on-site management, part-time doormen, and 24-hour security guards. An on-site garage and storage cabinets are also available for an extra fee or subject to wait-list availability. The A train and #1 train are nearby, with Midtown approximately 20 minutes away. Fort Tryon Park, Riverside Park, and The Met Cloisters Museum are also nearby.
Key Highlights
- Renovated two‑bedroom, two‑bath penthouse co‑op with a private terrace
- Hudson River, George Washington Bridge, Manhattan skyline, and Palisades views
- Open kitchen with stainless‑steel appliances, cherry cabinetry, granite counters, and peninsula
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
$26,594
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
4.92%
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%
$531,880
$531.9K
Cap Rate 7%
$379,914
$379.9K
Cap Rate 9%
$295,489
$295.5K
Market Conditions
NOI Build-Up for 850 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
$50.9K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$48.4K $56.89/SF
− OpEx
−$21.8K −$25.60/SF
NOI
$26.6K $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%
$531,880
Cap Rate 7%
$379,914
Cap Rate 9%
$295,489
Alternative Uses
Best Use
Apartment 5plus
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 27.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,428
Businesses Nearby
Explore this area
Business Placement
Demographics for 10033, NY
50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom co-op residence with a private terrace, Hudson River vistas, and extensive building amenities.
Where is this residential income property located?
The property is located at 140 Cabrini Boulevard 103 New York City, NY.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Renovated two‑bedroom, two‑bath penthouse co‑op with a private terrace; Hudson River, George Washington Bridge, Manhattan skyline, and Palisades views; Open kitchen with stainless‑steel appliances, cherry cabinetry, granite counters, and peninsula
