Prewar One-Bedroom Income
For Sale
$499,000
230 W End Avenue 8F, New York City, NY 10023
Bright co-op residence with an open living and kitchen arrangement, ensuite bath, and full-service building amenities.
Property Size550 SF
Price / SF$907.27
Days on Market98
Property Features for 230 W End Avenue 8F
General Information
Standard status
Active
Size
550 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour doorman
live-in resident manager
planted courtyard garden
laundry room
storage
bicycle storage
Building Details
Building Size
550 SF
Year Built
1927
Listing Agency:
Compass
(917) 297-8575
Listed By:
Daniel Blatman
(917) 297-8575
Source:
Miradorrealestate
Added: May 20
Changed: Aug 23
Last Checked: Aug 24 at 1:28PM
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.
This 550-square-foot one-bedroom co-op occupies a 1927 prewar building designed by Rosario Candela. The apartment features a foyer, updated interiors retaining prewar details, and an open living and kitchen layout that accommodates living, dining, and entertaining. The bedroom includes an ensuite bathroom and is described as private and quiet. There are four apartments on each floor.
The full-service building includes a 24-hour doorman, live-in resident manager, planted courtyard garden, laundry room, storage, and bicycle storage. Pets are welcome. Building policies permit pieds-a-terre, co-purchasing, subletting, and guarantors on a case-by-case basis. The property is near 72nd Street and Broadway, with access to the 1, 2, and 3 express trains, Central Park, Riverside Park, Lincoln Center, Trader Joe's, Fairway Market, and Citarella.
The full-service building includes a 24-hour doorman, live-in resident manager, planted courtyard garden, laundry room, storage, and bicycle storage. Pets are welcome. Building policies permit pieds-a-terre, co-purchasing, subletting, and guarantors on a case-by-case basis. The property is near 72nd Street and Broadway, with access to the 1, 2, and 3 express trains, Central Park, Riverside Park, Lincoln Center, Trader Joe's, Fairway Market, and Citarella.
Key Highlights
- 550‑square‑foot one‑bedroom co‑op in a 1927 prewar building
- Designed by architect Rosario Candela
- Open living and kitchen layout with ensuite bedroom bath
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
$17,279
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
3.46%
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%
$345,580
$345.6K
Cap Rate 7%
$246,843
$246.8K
Cap Rate 9%
$191,989
$192.0K
Market Conditions
NOI Build-Up for 550 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
$33.0K $60.00/SF
− Vacancy
−$1.6K −$2.88/SF
EGI
$31.4K $57.12/SF
− OpEx
−$14.1K −$25.70/SF
NOI
$17.3K $31.42/SF
Area
ZIP 10023
Vacancy
4.80%
Lease Rate
$60.00 /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%
$345,580
Cap Rate 7%
$246,843
Cap Rate 9%
$191,989
Alternative Uses
Best Use
Apartment 5plus
$246.8K
$216.0K – $288.0K
NOI $17,279 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.1K
$342.2K – $456.2K
NOI $27,374 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,976
Businesses Nearby
Explore this area
Business Placement
Demographics for 10023, NY
71,164
Population
46,272
Households
1.5
Avg Household Size
42
Median Age
84%
College-Educated
98%
High-School Grad
1.0 sq mi
ZIP Area
71,164
Density / Sq Mi
$157,866
Median Household Income
$109,508
Median Earnings
$3,050
Median Rent
$1,401,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright co-op residence with an open living and kitchen arrangement, ensuite bath, and full-service building amenities.
Where is this residential income property located?
The property is located at 230 W End Avenue 8F New York City, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 550‑square‑foot one‑bedroom co‑op in a 1927 prewar building; Designed by architect Rosario Candela; Open living and kitchen layout with ensuite bedroom bath
