Pre-War Duplex Cooperative
For Sale
$2,500,000
165 E 60th Street 5-A, New York City, NY 10022
Fifth-floor duplex co-op with 22-foot ceilings and central air in a full-service building.
Property Size2,350 SF
Price / SF$1,063
Days on Market26
Property Features for 165 E 60th Street 5-A
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
wood-burning fireplace
central air conditioning
in-unit washer/dryer
custom built-in bookshelves
wet bar
pantry
live-in superintendent
part-time doorman
basement storage
Building Details
Building Size
2,350 SF
Year Built
1890
Listing Agency:
Nest Seekers LLC
(917) 679-1211
Listed By:
Wendy Jackson
(917) 679-1211
Source:
Bondnyre
Added: Jul 16
Changed: Aug 8
Last Checked: Aug 10 at 9:56AM
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 Nest Seekers LLC
Investment Insights
Based on property information with market context.
Set within a historic pre-war cooperative, this fifth-floor duplex residence features a split-bedroom layout with two bedrooms and two windowed bathrooms. The windowed chef’s kitchen includes custom cabinetry, pantry storage, stone countertops, and an in-unit washer and dryer.
A gracious entrance foyer leads to the dramatic lower level, where northern light and spectacular 22-foot ceilings support expansive living and dining rooms. The living area includes a wood-burning fireplace and custom built-in bookshelves. The formal dining room comfortably accommodates twelve guests and features a discreet wet bar and an adjoining guest powder room.
The co-op is full-service, with a live-in superintendent and a part-time doorman, and it is pet-friendly. Pied-à-terre ownership and subletting are permitted. Built in 1890, this residence is one of only 21 residences in the cooperative, and the offering is represented by 98 cooperative shares. Residents are located three blocks from Central Park and have nearby access to the 4, 5, 6, N, and Q subway lines and multiple bus routes. Additional basement storage is available for rent.
A gracious entrance foyer leads to the dramatic lower level, where northern light and spectacular 22-foot ceilings support expansive living and dining rooms. The living area includes a wood-burning fireplace and custom built-in bookshelves. The formal dining room comfortably accommodates twelve guests and features a discreet wet bar and an adjoining guest powder room.
The co-op is full-service, with a live-in superintendent and a part-time doorman, and it is pet-friendly. Pied-à-terre ownership and subletting are permitted. Built in 1890, this residence is one of only 21 residences in the cooperative, and the offering is represented by 98 cooperative shares. Residents are located three blocks from Central Park and have nearby access to the 4, 5, 6, N, and Q subway lines and multiple bus routes. Additional basement storage is available for rent.
Key Highlights
- Fifth‑floor duplex co‑op with spectacular 22‑foot ceilings and northern light
- Two split bedrooms plus two windowed bathrooms
- Windowed chef’s kitchen with custom cabinetry, pantry storage, and in‑unit washer and dryer
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
$73,525
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
2.94%
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%
$1,470,500
$1.5M
Cap Rate 7%
$1,050,357
$1.1M
Cap Rate 9%
$816,944
$816.9K
Market Conditions
NOI Build-Up for 2,350 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
$140.7K $59.88/SF
− Vacancy
−$7.0K −$2.99/SF
EGI
$133.7K $56.89/SF
− OpEx
−$60.2K −$25.60/SF
NOI
$73.5K $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%
$1,470,500
Cap Rate 7%
$1,050,357
Cap Rate 9%
$816,944
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.1K – $1.23M
NOI $73,525 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.85M
$5.12M – $6.82M
NOI $409,464 @ 7.0% cap · market cap 16.38%
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
42,557
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fifth-floor duplex co-op with 22-foot ceilings and central air in a full-service building.
Where is this residential income property located?
The property is located at 165 E 60th Street 5-A New York City, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fifth‑floor duplex co‑op with spectacular 22‑foot ceilings and northern light; Two split bedrooms plus two windowed bathrooms; Windowed chef’s kitchen with custom cabinetry, pantry storage, and in‑unit washer and dryer
