Residential Income Property with High
210 W 78th Street 8C, Manhattan, NY 10024
For Sale
$725,000
Flexible junior four layout with south-facing rooms and a dining nook beside the kitchen.
Property Size850 SF
Price / SF$852.94
Days on Market55
Property Features for 210 W 78th Street 8C
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Neil P Porter · License #10301210428
(917) 603-4863
Source:
Miradorrealestate
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 6 at 6:45PM
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 Compass
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Investment Insights
Based on property information with market context.
Residence 8C is a flexible junior four home within a 1926, 10-story cooperative at 210 W 78th Street. The south-facing layout includes generously sized rooms, a dining nook adjoining the kitchen, and ceiling heights of approximately 9'3" with exposed beams. The floor plan can accommodate one or two work-from-home areas. The building contains 38 residences and features a Tudor-style exterior.
Building services and amenities include a part-time doorman, live-in superintendent, two elevators, a remote-capable video intercom, bike room, private storage, yoga room, laundry room, and a shared courtyard with grill. The property is pet-friendly and offers wheelchair access. Its Upper West Side setting places it between Central Park and Riverside Park, with access to the 1, 2, 3, B, and C subway lines and nearby markets and restaurants. Pied-a-terre use is not permitted.
Building services and amenities include a part-time doorman, live-in superintendent, two elevators, a remote-capable video intercom, bike room, private storage, yoga room, laundry room, and a shared courtyard with grill. The property is pet-friendly and offers wheelchair access. Its Upper West Side setting places it between Central Park and Riverside Park, with access to the 1, 2, 3, B, and C subway lines and nearby markets and restaurants. Pied-a-terre use is not permitted.
Key Highlights
- Approximately 9'3" beamed ceilings
- Flexible junior four configuration with south‑facing rooms
- 1926 cooperative building with 38 residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,594
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
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
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 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 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 20.43%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
26,459
Businesses Nearby
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Business Placement
Demographics for 10024, NY
62,250
Population
36,723
Households
1.7
Avg Household Size
43
Median Age
84%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
69,167
Density / Sq Mi
$182,614
Median Household Income
$117,078
Median Earnings
$2,965
Median Rent
$1,746,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Flexible junior four layout with south-facing rooms and a dining nook beside the kitchen.
Where is this residential income property located?
The property is located at 210 W 78th Street 8C Manhattan, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 9'3" beamed ceilings; Flexible junior four configuration with south‑facing rooms; 1926 cooperative building with 38 residences
