Residential Income Property with River
New
For Sale
$425,000
160 CABRINI Boulevard APT127, New York City, NY 10033
One-bedroom residence with original prewar character, abundant windows, and access to landscaped community grounds and shared amenities.
Property Size796 SF
Price / SF$533.92
Days on Market6
Property Features for 160 CABRINI Boulevard APT127
General Information
Standard status
Active
Size
796 SF
Property subtype
Apartment
Building Details
Building Size
796 SF
Year Built
1939
Listing Agency:
Serhant
Listed By:
Brandon Aybar
(347) 306-2620
Source:
Miradorrealestate
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 6 at 11:47AM
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 Serhant
Investment Insights
Based on property information with market context.
This one-bedroom residential income property offers 796 square feet with a generous living room, large river-facing windows, herringbone hardwood floors, ample closet space, and both a windowed kitchen and bathroom. Original prewar details remain, while the kitchen provides an opportunity for renovation. The residence was completed in 1939 and is part of a landscaped community occupying approximately 7.5 acres above the Hudson River.
Shared features include roof decks, laundry facilities, a fitness center, children’s playroom, community room, bike storage, elevators, attended service, a live-in superintendent, and on-site parking facilities. The setting is near Fort Tryon Park, The Met Cloisters, Riverside Park, Fort Washington Park, neighborhood dining, cafés, and shopping. The A train at 181st Street provides nearby subway access.
Shared features include roof decks, laundry facilities, a fitness center, children’s playroom, community room, bike storage, elevators, attended service, a live-in superintendent, and on-site parking facilities. The setting is near Fort Tryon Park, The Met Cloisters, Riverside Park, Fort Washington Park, neighborhood dining, cafés, and shopping. The A train at 181st Street provides nearby subway access.
Key Highlights
- 796‑square‑foot one‑bedroom residence
- Hudson River and Palisades views from large living‑room windows
- Original herringbone hardwood floors and prewar architectural details
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
$24,905
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
5.86%
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%
$498,100
$498.1K
Cap Rate 7%
$355,786
$355.8K
Cap Rate 9%
$276,722
$276.7K
Market Conditions
NOI Build-Up for 796 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
$47.7K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.3K $56.89/SF
− OpEx
−$20.4K −$25.60/SF
NOI
$24.9K $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%
$498,100
Cap Rate 7%
$355,786
Cap Rate 9%
$276,722
Alternative Uses
Best Use
Apartment 5plus
$355.8K
$311.3K – $415.1K
NOI $24,905 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,695 @ 7.0% cap · market cap 32.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,799
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 - One-bedroom residence with original prewar character, abundant windows, and access to landscaped community grounds and shared amenities.
Where is this residential income property located?
The property is located at 160 CABRINI Boulevard APT127 New York City, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 796‑square‑foot one‑bedroom residence; Hudson River and Palisades views from large living‑room windows; Original herringbone hardwood floors and prewar architectural details
