Corner Residence with Four
For Sale
$2,400,000
190 E 72ND Street 17AB, New York City, NY 10021
Renovated 10-room corner home with four bedrooms and four full baths, plus in-unit washer/dryer and extensive built-in storage.
Property Size3,100 SF
Price / SF$787.66
Days on Market99
Property Features for 190 E 72ND Street 17AB
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Apartment
Units
Unit Mix
1 x 4BR/4BA
Multifamily Units
1
Additional Details
HOA Fee
$974.11
Amenities
24hour doorman
renovated lobby
fitness center
on-site parking garage
package room
rooftop garden
bike room
playroom
Building Details
Building Size
3,100 SF
Year Built
1960
Listing Agency:
Coldwell Banker Warburg
(917) 596-2292
Listed By:
Susan Landau
(917) 596-2292
Source:
Serhant
Added: May 4
Changed: Aug 8
Last Checked: Aug 10 at 9:57AM
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.
Apartment 17AB is a renovated corner residence offering a spacious, open layout with 10 rooms. The home features four bedrooms and four full bathrooms, totaling approximately 3,047 square feet. Highlights include a grand living room, an oversized dining room, and a den with pocket doors. The windowed eat-in kitchen is designed for everyday use and entertaining, with stone countertops, mosaic backsplash, and a full suite of appliances including a Viking oven, Gaggenau cooktop, warming drawers, Bosch dishwasher, and two Sub-Zero refrigerators, plus a Sub-Zero wine refrigerator and pantry. A large windowed dinette seats eight, and the oversized primary suite includes a large en-suite bath with double sinks, a separate office area, and a walk-in closet.
Additional interior details include a spacious double gallery with custom built-ins, wood floors, new windows, upgraded electric, and abundant custom closet space. The building is a full-service luxury cooperative with a 24-hour doorman, renovated lobby, modern fitness center, onsite parking garage, package room, rooftop garden, bike room, and playroom. Pets and pied-à-terre ownership are permitted, and in-unit washer/dryer is included. A monthly assessment applies.
Additional interior details include a spacious double gallery with custom built-ins, wood floors, new windows, upgraded electric, and abundant custom closet space. The building is a full-service luxury cooperative with a 24-hour doorman, renovated lobby, modern fitness center, onsite parking garage, package room, rooftop garden, bike room, and playroom. Pets and pied-à-terre ownership are permitted, and in-unit washer/dryer is included. A monthly assessment applies.
Key Highlights
- Renovated 10‑room corner residence with four bedrooms and four full bathrooms
- Approximately 3,047 SF with grand living room, oversized dining room, and den with pocket doors
- Windowed eat‑in kitchen with stone countertops, Viking oven, Gaggenau cooktop, warming drawers, and Bosch dishwasher
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
$95,332
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
3.97%
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%
$1,906,640
$1.9M
Cap Rate 7%
$1,361,886
$1.4M
Cap Rate 9%
$1,059,244
$1.1M
Market Conditions
NOI Build-Up for 3,047 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
$182.5K $59.88/SF
− Vacancy
−$9.1K −$2.99/SF
EGI
$173.3K $56.89/SF
− OpEx
−$78.0K −$25.60/SF
NOI
$95.3K $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 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%
$1,906,640
Cap Rate 7%
$1,361,886
Cap Rate 9%
$1,059,244
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,332 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.58M
$6.64M – $8.85M
NOI $530,909 @ 7.0% cap · market cap 22.12%
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
3,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated 10-room corner home with four bedrooms and four full baths, plus in-unit washer/dryer and extensive built-in storage.
Where is this residential income property located?
The property is located at 190 E 72ND Street 17AB New York City, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Renovated 10‑room corner residence with four bedrooms and four full bathrooms; Approximately 3,047 SF with grand living room, oversized dining room, and den with pocket doors; Windowed eat‑in kitchen with stone countertops, Viking oven, Gaggenau cooktop, warming drawers, and Bosch dishwasher
