Residential Income Property with High
For Sale
$725,000
210 W 78th Street 8C, New York City, NY 10024
Flexible junior four layout with south-facing rooms and a dining nook beside the kitchen.
Property Size850 SF
Price / SF$852.94
Days on Market11
Property Features for 210 W 78th Street 8C
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Building Details
Building Size
850 SF
Year Built
1926
Listing Agency:
Compass
Listed By:
Neil P Porter · License #10301210428
(917) 603-4863
Source:
Miradorrealestate
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 22 at 10:42PM
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
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 = 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
3.67%
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 3.67%
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26,459
Businesses Nearby
Explore this area
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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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 New York City, 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
