Apartment Building in New
190 E 72ND Street 34CD, Manhattan, NY 10021
For Sale
$2,595,000
Apartment building for sale in New York, NY.
Property Size4,000 SF
Price / SF$648.75
Days on Market656
Property Features for 190 E 72ND Street 34CD
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Christies International Real Estate New York
Listed By:
Michael D Abrams
(917) 596-2866
Source:
Carytamura
Added: Jan 21, 2025
Changed: Nov 7
Last Checked: Nov 6 at 5:58PM
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 Christies International Real Estate New York
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Investment Insights
Based on property information with market context.
An apartment building is available for purchase. The list price is $2,595,000.
Key Highlights
- Year Built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,149
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,980
$2.5M
Cap Rate 7%
$1,787,843
$1.8M
Cap Rate 9%
$1,390,544
$1.4M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$239.5K $59.88/SF
− Vacancy
−$12.0K −$2.99/SF
EGI
$227.5K $56.89/SF
− OpEx
−$102.4K −$25.60/SF
NOI
$125.1K $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%
$2,502,980
Cap Rate 7%
$1,787,843
Cap Rate 9%
$1,390,544
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.56M – $2.09M
NOI $125,149 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.96M
$8.71M – $11.62M
NOI $696,960 @ 7.0% cap · market cap 26.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,584
Businesses Nearby
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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
$1,529,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Manhattan, NY
Properties on Market for Apartment buildings in Manhattan
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building for sale in New York, NY.
Where is this apartment building located?
The property is located at 190 E 72ND Street 34CD Manhattan, NY.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Year Built: 1960
