One-Bedroom Residential Income
For Sale
$499,000
181 E 93RD Street 4D, New York City, NY 10128
Sun-filled residence with southern exposure, hardwood floors, a windowed kitchen, and a renovated bathroom in a prewar elevator building.
Property Size612 SF
Price / SF$815.36
Days on Market17
Property Features for 181 E 93RD Street 4D
General Information
Standard status
Active
Size
612 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
central laundry room
bike room
storage
virtual doorman
live-in superintendent
landscaped garden
patio seating
Building Details
Building Size
612 SF
Year Built
1928
Listing Agency:
Coldwell Banker Warburg
Listed By:
Ava Anz
(512) 913-6890
Source:
Miradorrealestate
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 24 at 6:40PM
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 Coldwell Banker Warburg
Investment Insights
Based on property information with market context.
Residence 4D is a one-bedroom home with a flexible layout and southern exposure overlooking a tree-lined residential block. The floor plan includes an entry foyer, living room with room for dining, generous closet storage, hardwood floors, and 9-foot ceilings. A windowed kitchen provides granite countertops, stainless steel appliances, and substantial cabinet and counter space. The oversized bedroom accommodates a king-size bed along with a home office or sitting area, while the renovated windowed bathroom completes the residence.
The 1928 elevator building includes a landscaped garden with patio seating, central laundry, bike room, storage, virtual doorman, and live-in superintendent. The property is located at 181 E 93rd Street in Carnegie Hill, near 92NY, Museum Mile, Whole Foods, and Central Park, with access to the 4, 5, 6, and Q trains and nearby bus service.
The 1928 elevator building includes a landscaped garden with patio seating, central laundry, bike room, storage, virtual doorman, and live-in superintendent. The property is located at 181 E 93rd Street in Carnegie Hill, near 92NY, Museum Mile, Whole Foods, and Central Park, with access to the 4, 5, 6, and Q trains and nearby bus service.
Key Highlights
- One‑bedroom residence at 181 E 93rd Street, Residence 4D
- Approximately 650 square feet stated in the public remarks
- Southern exposure with views over a quiet, tree‑lined residential block
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
$19,108
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
3.83%
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%
$382,160
$382.2K
Cap Rate 7%
$272,971
$273.0K
Cap Rate 9%
$212,311
$212.3K
Market Conditions
NOI Build-Up for 612 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
$36.6K $59.88/SF
− Vacancy
−$1.9K −$3.11/SF
EGI
$34.7K $56.77/SF
− OpEx
−$15.6K −$25.54/SF
NOI
$19.1K $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%
$382,160
Cap Rate 7%
$272,971
Cap Rate 9%
$212,311
Alternative Uses
Best Use
Apartment 5plus
$273.0K
$238.9K – $318.5K
NOI $19,108 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$435.1K
$380.8K – $507.7K
NOI $30,460 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,733
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
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Sun-filled residence with southern exposure, hardwood floors, a windowed kitchen, and a renovated bathroom in a prewar elevator building.
Where is this residential income property located?
The property is located at 181 E 93RD Street 4D New York City, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: One‑bedroom residence at 181 E 93rd Street, Residence 4D; Approximately 650 square feet stated in the public remarks; Southern exposure with views over a quiet, tree‑lined residential block
