Top-Floor A-Line
20 E 88TH Street 4B, Manhattan, NY 10128
For Sale
$550,000
Top-floor apartment in a boutique elevator co-op with central A/C and washer/dryer in-unit.
Property Size650 SF
Price / SF$846.15
Days on Market216
Property Features for 20 E 88TH Street 4B
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Multifamily Units
Amenities
central A/C
washer/dryer
electric fireplace
heated floors
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Nena M Marlo · License NY 40MA0418973
(917) 783-2041
Source:
Miradorrealestate
Added: Apr 8
Changed: Nov 9
Last Checked: Nov 8 at 2:37PM
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.
Enjoy a rarely available A-line top-floor apartment in a boutique elevator co-op building. The home is gut-renovated and filled with natural light through oversized windows, with soaring ceilings and wide-plank oak floors throughout. Additional living comforts include an electric fireplace and central A/C, plus a washer/dryer for everyday convenience.
The gourmet kitchen is equipped with custom cabinetry and new appliances, including a paneled Liebherr refrigerator, a Bertazzoni range, and a Bosch dishwasher. The bedroom offers built-in custom closets.
The spa-like bathroom features floor-to-ceiling Carrara marble and heated floors, along with a stacked Miele washer/dryer. The building was constructed in 1923 and is described as a well-maintained elevator property. Co-purchasing, pieds-a-terre, and guarantors are allowed, and unlimited subleasing is permitted.
The gourmet kitchen is equipped with custom cabinetry and new appliances, including a paneled Liebherr refrigerator, a Bertazzoni range, and a Bosch dishwasher. The bedroom offers built-in custom closets.
The spa-like bathroom features floor-to-ceiling Carrara marble and heated floors, along with a stacked Miele washer/dryer. The building was constructed in 1923 and is described as a well-maintained elevator property. Co-purchasing, pieds-a-terre, and guarantors are allowed, and unlimited subleasing is permitted.
Key Highlights
- Rarely available A‑line top‑floor apartment in a boutique elevator co‑op
- Gut‑renovated interiors with oversized windows, soaring ceilings, and wide‑plank oak floors
- Central A/C plus in‑unit washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,294
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,880
$405.9K
Cap Rate 7%
$289,914
$289.9K
Cap Rate 9%
$225,489
$225.5K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$38.9K $59.88/SF
− Vacancy
−$2.0K −$3.11/SF
EGI
$36.9K $56.77/SF
− OpEx
−$16.6K −$25.54/SF
NOI
$20.3K $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%
$405,880
Cap Rate 7%
$289,914
Cap Rate 9%
$225,489
Alternative Uses
Best Use
Apartment 5plus
$289.9K
$253.7K – $338.2K
NOI $20,294 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.2K
$404.4K – $539.2K
NOI $32,351 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
10,836
Businesses Nearby
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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
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor apartment in a boutique elevator co-op with central A/C and washer/dryer in-unit.
Where is this residential income property located?
The property is located at 20 E 88TH Street 4B Manhattan, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Rarely available A‑line top‑floor apartment in a boutique elevator co‑op; Gut‑renovated interiors with oversized windows, soaring ceilings, and wide‑plank oak floors; Central A/C plus in‑unit washer/dryer
