Residential Income Property with River
For Sale
$540,000
140 Cabrini Boulevard 103, New York City, NY 10033
Pre-war co-op residence with bright living areas, a professional-grade kitchen, and extensive services across landscaped private grounds.
Property Size850 SF
Price / SF$635.29
Days on Market88
Property Features for 140 Cabrini Boulevard 103
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Building Details
Building Size
850 SF
Year Built
1939
Listing Agency:
REAL BROKER LLC
(917) 613-7107
Listed By:
Francisco J Menendez
(917) 613-7107
Source:
Carlinwright
Added: May 15
Changed: Aug 9
Last Checked: Aug 10 at 9:24AM
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.
This 850-square-foot residential income property is a pre-war co-op residence built in 1939. The layout includes an expansive living room, separate dining area, bedroom, primary-suite dressing area suitable for a home office, and a professional-grade kitchen with high-end appliances. High ceilings, herringbone parquet floors, and generous closet space retain the building’s historic character. Western and southern exposures bring natural light to the interiors, with views toward the Hudson River and George Washington Bridge.
Castle Village occupies 7.5 acres of private landscaped grounds and provides a full-time doorman, 24-hour security, health club, indoor and outdoor children’s play areas, community room, herb garden, roof deck, laundry facilities, storage, and an on-site parking garage. The pet-friendly community is near neighborhood dining, shopping, Fort Tryon Park, and The Met Cloisters. A-express train service connects with Columbus Circle in 20 minutes.
Castle Village occupies 7.5 acres of private landscaped grounds and provides a full-time doorman, 24-hour security, health club, indoor and outdoor children’s play areas, community room, herb garden, roof deck, laundry facilities, storage, and an on-site parking garage. The pet-friendly community is near neighborhood dining, shopping, Fort Tryon Park, and The Met Cloisters. A-express train service connects with Columbus Circle in 20 minutes.
Key Highlights
- 850‑square‑foot residence in a 1939 pre‑war co‑op
- Hudson River and George Washington Bridge views
- 7.5 acres of private landscaped grounds
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war co-op residence with bright living areas, a professional-grade kitchen, and extensive services across landscaped private grounds.
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: 850‑square‑foot residence in a 1939 pre‑war co‑op; Hudson River and George Washington Bridge views; 7.5 acres of private landscaped grounds
