Renovated Residential Income
For Sale
$710,000
200 E 36TH Street 8G, New York City, NY 10016
Flexible one-bedroom residence offers a possible two-bedroom configuration, updated interiors, and full-service cooperative amenities.
Property Size850 SF
Price / SF$835.29
Days on Market63
Property Features for 200 E 36TH Street 8G
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour doorman
live-in superintendent
fitness center
landscaped courtyard
laundry room
bike storage
luggage storage
private storage
Building Details
Building Size
850 SF
Year Built
1955
Listing Agency:
CHERYL RODRIGUES REAL ESTATE LLC
(646) 823-7690
Listed By:
Cheryl Rodrigues
(646) 823-7690
Source:
Nobleblackandpartners
Added: Jun 9
Changed: Aug 10
Last Checked: Aug 10 at 9:44AM
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 CHERYL RODRIGUES REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Residence 8G is a recently renovated, freshly painted one-bedroom home with a flexible layout that may accommodate a second bedroom, subject to the illustrated alternate plan. The apartment features hardwood floors throughout, a spacious living and dining area, a windowed kitchen with stainless steel appliances, and a windowed bathroom. The king-sized bedroom has northern and eastern exposures, while double-pane windows provide sound insulation and energy efficiency. Generous closet space adds practical storage throughout the residence.
The home is located at 200 E 36th Street in New York City. The cooperative building was constructed in 1955 and provides full-service operations with a 24-hour doorman, live-in superintendent, fitness center, landscaped residents' courtyard, laundry room, bike storage, luggage storage, and private storage subject to availability. The building is pet-friendly and permits pied-à-terre ownership, co-purchasing, guarantors, and subletting with board approval. Monthly maintenance includes real estate taxes, heat, water, gas, and building services.
The home is located at 200 E 36th Street in New York City. The cooperative building was constructed in 1955 and provides full-service operations with a 24-hour doorman, live-in superintendent, fitness center, landscaped residents' courtyard, laundry room, bike storage, luggage storage, and private storage subject to availability. The building is pet-friendly and permits pied-à-terre ownership, co-purchasing, guarantors, and subletting with board approval. Monthly maintenance includes real estate taxes, heat, water, gas, and building services.
Key Highlights
- Convertible one‑bedroom layout with potential for a two‑bedroom configuration
- Recently renovated and freshly painted interior with hardwood floors throughout
- King‑sized bedroom with north and east exposures
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
$26,594
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
3.75%
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%
$531,880
$531.9K
Cap Rate 7%
$379,914
$379.9K
Cap Rate 9%
$295,489
$295.5K
Market Conditions
NOI Build-Up for 850 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
$50.9K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$48.4K $56.89/SF
− OpEx
−$21.8K −$25.60/SF
NOI
$26.6K $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%
$531,880
Cap Rate 7%
$379,914
Cap Rate 9%
$295,489
Alternative Uses
Best Use
Apartment 5plus
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 20.86%
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
59,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Flexible one-bedroom residence offers a possible two-bedroom configuration, updated interiors, and full-service cooperative amenities.
Where is this residential income property located?
The property is located at 200 E 36TH Street 8G New York City, NY.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Convertible one‑bedroom layout with potential for a two‑bedroom configuration; Recently renovated and freshly painted interior with hardwood floors throughout; King‑sized bedroom with north and east exposures
