Four-Story Brownstone Multifamily
For Sale
$4,495,000
179 E 94th Street, New York, NY 10128
Commercial Sale, New York, NY
Property Size5,900 SF
Price / SF$761.86
Days on Market398
Property Features for 179 E 94th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 9, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 12, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 5, Bedroom 11, Bedroom 10, Bedroom 8, Bedroom 7
Subdivision
Carnegie Hill
High school district
000000
Standard status
Active
Size
5,900 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Keith Arthur
(718) 344-9142
Added: Sep 3, 2025
Changed: Oct 1
Last Checked: Oct 5 at 3:06PM
MLS# 11568004
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-story brownstone dates to the turn of the century and is currently arranged as a single-room-occupancy dwelling. The room schedule identifies 12 bedrooms and 6 bathrooms across the property. The existing configuration is presented with options for conversion to a single-family residence or a condominium and multifamily layout, subject to the purchaser’s plans and approvals.
The property is located at 179 E 94th Street in New York’s Upper East Side. Madison Avenue shopping, museums, galleries, restaurants, and schools are described as being within walking distance, providing an established residential and cultural setting.
The property is located at 179 E 94th Street in New York’s Upper East Side. Madison Avenue shopping, museums, galleries, restaurants, and schools are described as being within walking distance, providing an established residential and cultural setting.
Key Highlights
- Four‑story brownstone dating to the turn of the century
- Currently configured as a single‑room‑occupancy dwelling
- Room schedule includes 12 bedrooms and 6 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,206
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,684,120
$3.7M
Cap Rate 7%
$2,631,514
$2.6M
Cap Rate 9%
$2,046,733
$2.0M
Market Conditions
NOI Build-Up for 5,900 SF
Gross rent
$353.3K $59.88/SF
− Vacancy
−$18.4K −$3.11/SF
EGI
$334.9K $56.77/SF
− OpEx
−$150.7K −$25.54/SF
NOI
$184.2K $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 Rate 5%
$3,684,120
Cap Rate 7%
$2,631,514
Cap Rate 9%
$2,046,733
Alternative Uses
Best Use
Apartment 5plus
$2.63M
$2.30M – $3.07M
NOI $184,206 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,646 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
16,399
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Currently arranged as an SRO dwelling with stated conversion options for single-family or multifamily use.
Where is this multifamily property located?
The property is located at 179 E 94th Street New York, NY.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Four‑story brownstone dating to the turn of the century; Currently configured as a single‑room‑occupancy dwelling; Room schedule includes 12 bedrooms and 6 bathrooms
