Corner One-Bedroom Income
For Sale
$835,000
1760 2ND Avenue 11A, New York City, NY 10128
Renovated kitchen, in-unit laundry, and dual exposures support a bright, practical residential investment.
Property Size760 SF
Days on Market8
Property Features for 1760 2ND Avenue 11A
General Information
Standard status
Active
Size
760 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
HOA Fee
$182.63
Amenities
Renovated Open Windowed Kitchen
Granite Counter Tops
Marble Bathrooms
Hardwood Floors
Washer/Dryer In-Unit
Two Exposures with Full Open Views
Great Closet Space
Tons of Light
24-hour Concierge and Doorman
Fitness Room
Children's Playroom
Storage Room
Rooftop Terrace
Building Details
Building Size
760 SF
Year Built
2001
Listing Agency:
Corcoran Group
Listed By:
Ben Garama · License #10301208838 (NY)
(347) 524-6934
Source:
Serhant
Added: Sep 9
Changed: Sep 15
Last Checked: Sep 15 at 11:28AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This 760-square-foot one-bedroom apartment offers a renovated kitchen with windows, granite countertops, marble bathrooms, hardwood flooring, and an in-unit washer and dryer. Two exposures bring in natural light and open views, while generous closet space adds useful storage. The residence is located in a condominium building completed in 2001.
Building amenities include 24-hour concierge and doorman service, a fitness room, children's playroom, storage room, and a rooftop terrace with Manhattan and river views. The property is at 1760 2ND Avenue 11A in New York City. An option to purchase with tenants in place is available, supporting consideration as a residential income property.
Building amenities include 24-hour concierge and doorman service, a fitness room, children's playroom, storage room, and a rooftop terrace with Manhattan and river views. The property is at 1760 2ND Avenue 11A in New York City. An option to purchase with tenants in place is available, supporting consideration as a residential income property.
Key Highlights
- 760‑square‑foot corner one‑bedroom apartment
- Renovated windowed kitchen with granite countertops
- 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
$23,728
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
2.84%
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%
$474,560
$474.6K
Cap Rate 7%
$338,971
$339.0K
Cap Rate 9%
$263,644
$263.6K
Market Conditions
NOI Build-Up for 760 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
$45.5K $59.88/SF
− Vacancy
−$2.4K −$3.11/SF
EGI
$43.1K $56.77/SF
− OpEx
−$19.4K −$25.54/SF
NOI
$23.7K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
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%
$474,560
Cap Rate 7%
$338,971
Cap Rate 9%
$263,644
Alternative Uses
Best Use
Apartment 5plus
$339.0K
$296.6K – $395.5K
NOI $23,728 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.4K
$472.8K – $630.4K
NOI $37,826 @ 7.0% cap · market cap 4.53%
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
15,282
Businesses Nearby
Explore this area
Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen, in-unit laundry, and dual exposures support a bright, practical residential investment.
Where is this residential income property located?
The property is located at 1760 2ND Avenue 11A New York City, NY.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 760‑square‑foot corner one‑bedroom apartment; Renovated windowed kitchen with granite countertops; In‑unit washer and dryer
