Residential Income Property in New
For Sale
$975,000
Pending
152 E 118th St 7P, New York, NY 10035
Residential income property for sale in New York, NY.
Property Size1,041 SF
Days on Market317
Property Features for 152 E 118th St 7P
General Information
Standard status
Pending
Size
1,041 SF
Property subtype
Residential
Building Details
Building Size
1,041 SF
Year Built
2009
Listed By:
Marie Covelli
(516) 303-4862
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 9 at 10:10PM
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 Marie Covelli
Investment Insights
Based on property information with market context.
A residential income property is available for purchase. The property is located in New York, NY. The list price is $975,000.
Key Highlights
- Year Built: 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,570
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,400
$651.4K
Cap Rate 7%
$465,286
$465.3K
Cap Rate 9%
$361,889
$361.9K
Market Conditions
NOI Build-Up for 1,041 SF
Gross rent
$62.3K $59.88/SF
− Vacancy
−$3.1K −$2.99/SF
EGI
$59.2K $56.89/SF
− OpEx
−$26.6K −$25.60/SF
NOI
$32.6K $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 Rate 5%
$651,400
Cap Rate 7%
$465,286
Cap Rate 9%
$361,889
Alternative Uses
Best Use
Apartment 5plus
$465.3K
$407.1K – $542.8K
NOI $32,570 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.02M
NOI $181,384 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property for sale in New York, NY.
Where is this apartment building located?
The property is located at 152 E 118th St 7P New York, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Year Built: 2009
