Two-Bedroom Residential Income
For Sale
$895,000
185 PARK Row 4G, New York City, NY 10038
The apartment has a separate kitchen, oversized windows, generous closets, and a layout that distinguishes sleeping areas from living space.
Property Size1,100 SF
Price / SF$813.64
Days on Market9
Property Features for 185 PARK Row 4G
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
Ready for a complete renovation
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Amenities
expansive lawns
picnic areas
community garden
playground
24-hour security
laundry facilities
live-in superintendent
on-site parking
Building Details
Building Size
1,100 SF
Year Built
1960
Listing Agency:
Corcoran Group
Listed By:
Kiyomi McCloskey · License #10401303075 (NY)
(718) 210-4037
Source:
Bondnyre
Added: Oct 14
Changed: Oct 20
Last Checked: Oct 21 at 5:34AM
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
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Investment Insights
Based on property information with market context.
Residence 4G is an 1,100-square-foot, two-bedroom cooperative apartment with a separate kitchen, a living room, and oversized windows. Its floor plan separates the bedrooms from the living area, and storage is provided by numerous closets. The home requires a complete renovation. The property was built in 1960.
Chatham Green occupies more than 4.5 acres of landscaped grounds in Downtown Manhattan, near Civic Center and Chinatown. The grounds include lawns, picnic areas, a community garden, and a playground. Building amenities include a 24-hour security booth, laundry facilities, and a live-in superintendent. On-site parking is available through a waitlist. Pets are permitted with board approval. Tribeca, the Financial District, and the Lower East Side are nearby, along with restaurants, markets, cultural destinations, and transportation options.
Chatham Green occupies more than 4.5 acres of landscaped grounds in Downtown Manhattan, near Civic Center and Chinatown. The grounds include lawns, picnic areas, a community garden, and a playground. Building amenities include a 24-hour security booth, laundry facilities, and a live-in superintendent. On-site parking is available through a waitlist. Pets are permitted with board approval. Tribeca, the Financial District, and the Lower East Side are nearby, along with restaurants, markets, cultural destinations, and transportation options.
Key Highlights
- Two‑bedroom cooperative apartment with 1,100 square feet of interior space
- Separate kitchen, living room, oversized windows, and abundant closet storage
- Complete renovation required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,416
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,320
$688.3K
Cap Rate 7%
$491,657
$491.7K
Cap Rate 9%
$382,400
$382.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$65.9K $59.88/SF
− Vacancy
−$3.3K −$2.99/SF
EGI
$62.6K $56.89/SF
− OpEx
−$28.2K −$25.60/SF
NOI
$34.4K $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 Rate 5%
$688,320
Cap Rate 7%
$491,657
Cap Rate 9%
$382,400
Alternative Uses
Best Use
Apartment 5plus
$491.7K
$430.2K – $573.6K
NOI $34,416 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.19M
NOI $191,664 @ 7.0% cap · market cap 21.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
34,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The apartment has a separate kitchen, oversized windows, generous closets, and a layout that distinguishes sleeping areas from living space.
Where is this residential income property located?
The property is located at 185 PARK Row 4G New York City, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑bedroom cooperative apartment with 1,100 square feet of interior space; Separate kitchen, living room, oversized windows, and abundant closet storage; Complete renovation required
