Courtyard-Facing Studio Residential
165 West 66th Street, New York, NY 10023
For Sale
$415,000
New York, NY
Property Size426 SF
Price / SF$974.18
Days on Market14
Property Features for 165 West 66th Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Standard status
Size
Amenities
24-hour doorman
live-in superintendent
laundry
bike storage
fitness center
pet friendly
Building Details
Year built
Listing Agency:
NextHome Platinum Properties
(516) 788-8785
Listed By:
Anthony Raimo
(516) 301-6151
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 8 at 1:06AM
MLS# 973898
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 426-square-foot studio occupies the second floor of a residential building constructed in 1962. The apartment faces an interior courtyard and includes a separate kitchen, a private hall connecting to the bathroom and dressing area, and four double-door closets. Building amenities include a 24-hour doorman, live-in superintendent, laundry, bike storage, and a fitness center; pets are permitted.
The property is at 165 West 66th Street, between Broadway and Amsterdam. Lincoln Center is one block away, and Central Park and Riverside Park are within walking distance. The 1 train is nearby, with Columbus Circle also providing access to citywide transit. Grocery stores, restaurants, and entertainment are among the surrounding conveniences.
The property is at 165 West 66th Street, between Broadway and Amsterdam. Lincoln Center is one block away, and Central Park and Riverside Park are within walking distance. The 1 train is nearby, with Columbus Circle also providing access to citywide transit. Grocery stores, restaurants, and entertainment are among the surrounding conveniences.
Key Highlights
- 426‑square‑foot studio on the second floor, built in 1962
- Apartment faces a private interior courtyard
- Separate kitchen, dressing area, and four double‑door closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,383
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,660
$267.7K
Cap Rate 7%
$191,186
$191.2K
Cap Rate 9%
$148,700
$148.7K
Market Conditions
NOI Build-Up for 426 SF
Gross rent
$25.6K $60.00/SF
− Vacancy
−$1.2K −$2.88/SF
EGI
$24.3K $57.12/SF
− OpEx
−$10.9K −$25.70/SF
NOI
$13.4K $31.42/SF
Area
ZIP 10023
Vacancy
4.80%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,660
Cap Rate 7%
$191,186
Cap Rate 9%
$148,700
Alternative Uses
Best Use
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,383 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.9K
$265.0K – $353.4K
NOI $21,202 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 10023, NY
71,164
Population
46,272
Households
1.5
Avg Household Size
42
Median Age
84%
College-Educated
98%
High-School Grad
1.0 sq mi
ZIP Area
71,164
Density / Sq Mi
$157,866
Median Household Income
$109,508
Median Earnings
$3,050
Median Rent
$1,401,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Residential income properties in New York
Frequently Asked Questions
What type of property is this?
Residential income property - A separate kitchen, dressing area, and four double-door closets provide functional space and substantial storage.
Where is this residential income property located?
The property is located at 165 West 66th Street New York, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 426‑square‑foot studio on the second floor, built in 1962; Apartment faces a private interior courtyard; Separate kitchen, dressing area, and four double‑door closets
