Two-Bedroom Residential Income
230 E 71ST Street A, Manhattan, NY 10021
For Sale
$625,000
An 850-square-foot co-op residence pairs a garden-level patio with access to the building’s landscaped courtyard.
Property Size850 SF
Price / SF$735.29
Days on Market127
Property Features for 230 E 71ST Street A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
on-floor laundry
storage
bicycle room
landscaped courtyard
video intercom
package delivery vestibule
live-in superintendent
ceiling fans
Building Details
Building Size
Year Built
Stories
Listing Agency:
Corcoran Group
Listed By:
Nathalie Wang Wang · License NY #10401350961
(646) 705-6275
Source:
Archpointadvisory
Added: Jul 6
Changed: Nov 7
Last Checked: Nov 9 at 12:04PM
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 Corcoran Group
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Investment Insights
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This 850-square-foot, two-bedroom co-op residence has a private foyer, entrance gallery, and living area, with bedrooms on either side. Nine-foot ceilings, crown molding, recessed lighting, and a southwest-facing rear patio are among its features. The windowed kitchen combines galley and open-plan elements, with wood cabinetry, quartz counters, a breakfast bar, and stainless steel appliances. The primary bedroom includes exposed brick and a custom closet. Laundry, storage, and bicycle facilities are on the same floor, alongside direct access to the residents’ courtyard.
The six-story cooperative building was constructed in 1929 and converted in 1979; it contains 59 residences. Building features include a live-in superintendent, video intercom, and secure package vestibule. The apartment is one block from the 72nd Street Q train and three blocks from the 6 train. Central Park, the East River Esplanade, and several named retailers are nearby.
The six-story cooperative building was constructed in 1929 and converted in 1979; it contains 59 residences. Building features include a live-in superintendent, video intercom, and secure package vestibule. The apartment is one block from the 72nd Street Q train and three blocks from the 6 train. Central Park, the East River Esplanade, and several named retailers are nearby.
Key Highlights
- 850‑square‑foot, two‑bedroom residence with a private rear patio
- Southwest‑facing patio and same‑floor access to the landscaped residents’ courtyard
- Six‑story building with 59 residences; built in 1929 and converted to a cooperative in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,594
Cap Rate
4.26%
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 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.3K
$520.0K – $693.3K
NOI $41,598 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
31,051
Businesses Nearby
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Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - An 850-square-foot co-op residence pairs a garden-level patio with access to the building’s landscaped courtyard.
Where is this residential income property located?
The property is located at 230 E 71ST Street A Manhattan, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 850‑square‑foot, two‑bedroom residence with a private rear patio; Southwest‑facing patio and same‑floor access to the landscaped residents’ courtyard; Six‑story building with 59 residences; built in 1929 and converted to a cooperative in 1979
