Residential Income Property with Loft
For Sale
$1,650,000
144 W 27TH Street 10F, New York City, NY 10001
Open kitchen, generous great room, abundant windows, and a shared balcony shape the residence.
Property Size1,822 SF
Price / SF$905.60
Days on Market185
Property Features for 144 W 27TH Street 10F
General Information
Standard status
Active
Size
1,822 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
planted roof deck
bike room
full-time super
in-unit washer/dryer
central air conditioning
balcony
Building Details
Building Size
1,822 SF
Year Built
1938
Buildings
1
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Lisa Gaytan
(718) 613-2005
Source:
Philipscheinfeld
Added: Mar 5
Changed: Sep 5
Last Checked: Sep 5 at 6:55AM
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 Brown Harris Stevens Brooklyn LLC
Investment Insights
Based on property information with market context.
This 1,822-square-foot residential income property occupies the 10th floor of a prewar condominium completed in 1938. The current layout includes three bedrooms and two bathrooms, with an open kitchen, a large great room, high ceilings, and windows spanning the north wall plus an east-facing side window. A shared balcony, washer and dryer, and central air conditioning are also included.
The building at 144 W 27th Street is between 6th and 7th Avenues in New York City. Its 24 residential loft units and one commercial unit are served by two passenger elevators and a rear freight elevator. Building amenities include a planted roof deck and bike room, with a full-time superintendent on site. Heat and hot water are included in monthly common charges. The property is near FIT, transportation, dining, retail, Chelsea art galleries, and the High Line.
The building at 144 W 27th Street is between 6th and 7th Avenues in New York City. Its 24 residential loft units and one commercial unit are served by two passenger elevators and a rear freight elevator. Building amenities include a planted roof deck and bike room, with a full-time superintendent on site. Heat and hot water are included in monthly common charges. The property is near FIT, transportation, dining, retail, Chelsea art galleries, and the High Line.
Key Highlights
- 1,822‑square‑foot 10th‑floor residence
- Current configuration includes 3 bedrooms and 2 bathrooms
- Open kitchen and large great room with high ceilings
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
$57,005
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
3.45%
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%
$1,140,100
$1.1M
Cap Rate 7%
$814,357
$814.4K
Cap Rate 9%
$633,389
$633.4K
Market Conditions
NOI Build-Up for 1,822 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
$109.1K $59.88/SF
− Vacancy
−$5.5K −$2.99/SF
EGI
$103.6K $56.89/SF
− OpEx
−$46.6K −$25.60/SF
NOI
$57.0K $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%
$1,140,100
Cap Rate 7%
$814,357
Cap Rate 9%
$633,389
Alternative Uses
Best Use
Apartment 5plus
$814.4K
$712.6K – $950.1K
NOI $57,005 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.54M
$3.97M – $5.29M
NOI $317,465 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
69,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open kitchen, generous great room, abundant windows, and a shared balcony shape the residence.
Where is this residential income property located?
The property is located at 144 W 27TH Street 10F New York City, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1,822‑square‑foot 10th‑floor residence; Current configuration includes 3 bedrooms and 2 bathrooms; Open kitchen and large great room with high ceilings
