Lofted Residential Income
New
For Sale
$850,000
21 S End Avenue 427, Manhattan, NY 10280
A two-level condominium features a double-height living room, an upper-level bedroom and a separate flexible room.
Property Size908 SF
Price / SF$936.12
Days on Market5
Property Features for 21 S End Avenue 427
General Information
Standard status
Active
Size
908 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$21,156
Building Details
Building Size
908 SF
Year Built
1988
Listing Agency:
Sothebys International Realty
Listed By:
Barbara Ireland
(917) 691-4230
Source:
Carytamura
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:19PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This two-level condominium has a double-height living room with oversized windows, plus connected living and dining areas. The main floor includes a half bath and in-unit laundry. Upstairs, a lofted bedroom overlooks the living room, and a separate room sits alongside a full bathroom with a bathtub. The unit was renovated in 2017.
The condominium is in a 1988 building with 182 units across 9 stories.
The condominium is in a 1988 building with 182 units across 9 stories.
Key Highlights
- Two‑level condominium with a double‑height living room
- Upper floor includes a lofted bedroom, separate room, and full bathroom
- Main level has a half bath and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,409
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,180
$568.2K
Cap Rate 7%
$405,843
$405.8K
Cap Rate 9%
$315,656
$315.7K
Market Conditions
NOI Build-Up for 908 SF
Gross rent
$54.4K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.7K $56.89/SF
− OpEx
−$23.2K −$25.60/SF
NOI
$28.4K $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%
$568,180
Cap Rate 7%
$405,843
Cap Rate 9%
$315,656
Alternative Uses
Best Use
Apartment 5plus
$405.8K
$355.1K – $473.5K
NOI $28,409 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,210 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
22,360
Businesses Nearby
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Business Placement
Demographics for 10280, NY
8,993
Population
5,015
Households
1.8
Avg Household Size
38
Median Age
90%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
89,930
Density / Sq Mi
$206,250
Median Household Income
$131,677
Median Earnings
$3,501
Median Rent
$893,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level condominium features a double-height living room, an upper-level bedroom and a separate flexible room.
Where is this residential income property located?
The property is located at 21 S End Avenue 427 Manhattan, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑level condominium with a double‑height living room; Upper floor includes a lofted bedroom, separate room, and full bathroom; Main level has a half bath and in‑unit laundry
