Renovated Residential Income Property with
For Sale
$895,000
225 86TH ST, New York, NY 10028
One-bedroom triplex residence with a private terrace, renovated kitchen, and full-service building amenities.
Property Size913 SF
Price / SF$980.28
Days on Market361
Property Features for 225 86TH ST
General Information
Standard status
Active
Size
913 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
24-hour doorman
full-time superintendent
laundry facilities
furnished rooftop deck
bike room
private storage
A/C - Other
3
City
Building Details
Year Built
1981
Stories
15
Listing Agency:
(929) 469-5800
Listed By:
City Sphere
(508) 718-8173
Source:
Xome
Added: Sep 13, 2025
Changed: Sep 7
Last Checked: Sep 8 at 4:01AM
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 City Sphere
Investment Insights
Based on property information with market context.
Unit 204 is a renovated one-bedroom, one-bath triplex residence with 913 square feet of interior space and a 430-square-foot private terrace. Refinished hardwood floors, a sunroom, and an open kitchen define the main living level. The kitchen includes Thermador and KitchenAid appliances, quartz countertops, custom cabinetry, a pantry, and a peninsula sized for casual dining. Upstairs, the north-facing bedroom includes a custom ELFA closet system, while the bathroom features radiant heated marble flooring, a Kohler tub, and integrated medicine-cabinet lighting. Additional improvements include radiant-heated marble flooring in the sunroom, recessed lighting, split AC, energy-efficient LED fixtures, Lutron smart controls, and USB-B outlets.
The Buckingham East is a 15-story, 60-unit building constructed in 1981. Building services and amenities include a 24-hour doorman, full-time superintendent, laundry facilities, furnished rooftop deck, bike room, private storage, and pet-friendly policies. The property is located on Manhattan's Upper East Side near Whole Foods, Fairway, the Metropolitan Museum of Art, the Solomon R. Guggenheim Museum, and Central Park, with access to the 4/5/6 and Q trains and downtown and crosstown SBS buses.
The Buckingham East is a 15-story, 60-unit building constructed in 1981. Building services and amenities include a 24-hour doorman, full-time superintendent, laundry facilities, furnished rooftop deck, bike room, private storage, and pet-friendly policies. The property is located on Manhattan's Upper East Side near Whole Foods, Fairway, the Metropolitan Museum of Art, the Solomon R. Guggenheim Museum, and Central Park, with access to the 4/5/6 and Q trains and downtown and crosstown SBS buses.
Key Highlights
- 430‑square‑foot private terrace
- 913 square feet of interior space in a one‑bedroom, one‑bath triplex
- Renovated kitchen with Thermador stove and dishwasher, KitchenAid fridge‑freezer, and quartz counters
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
$28,565
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
3.19%
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%
$571,300
$571.3K
Cap Rate 7%
$408,071
$408.1K
Cap Rate 9%
$317,389
$317.4K
Market Conditions
NOI Build-Up for 913 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
$54.7K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.9K $56.89/SF
− OpEx
−$23.4K −$25.60/SF
NOI
$28.6K $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%
$571,300
Cap Rate 7%
$408,071
Cap Rate 9%
$317,389
Alternative Uses
Best Use
Apartment 5plus
$408.1K
$357.1K – $476.1K
NOI $28,565 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.27M
$1.99M – $2.65M
NOI $159,081 @ 7.0% cap · market cap 17.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom triplex residence with a private terrace, renovated kitchen, and full-service building amenities.
Where is this residential income property located?
The property is located at 225 86TH ST New York, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 430‑square‑foot private terrace; 913 square feet of interior space in a one‑bedroom, one‑bath triplex; Renovated kitchen with Thermador stove and dishwasher, KitchenAid fridge‑freezer, and quartz counters
