Mixed-Use Walk-Up
For Sale
Contact for pricing
236 E 75th St, New York, NY 10021
Two connected five-story walk-up buildings totaling 11 apartments, two office units, and one retail space.
Property Size17,610 SF
Price / SF$482.68
Days on Market216
Property Features for 236 E 75th St
General Information
Standard status
Active
Size
17,610 SF
Property subtype
Mixed Use
Zoning
C7
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Site & Location
Neighborhood
Manhattan
Building Details
Year Built
1910
Buildings
2
Stories
4
Units
14
Tenancy
Multi
Listing Agency:
Better Life Realtors, Ltd
Listed By:
Steve Stein · License #NY 10311202110
Source:
Crexi
Added: Mar 23
Changed: Oct 8
Last Checked: Oct 23 at 7:03AM
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 Better Life Realtors, Ltd
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Investment Insights
Based on property information with market context.
Originally built in 1910, this offering features two connected five-story walk-up buildings totaling 17,610 square feet. The property is currently configured with 11 residential rental apartments, two office units, and one retail space.
Located in the heart of Lenox Hill, the building provides close access to Lenox Hill Hospital, Hunter College, and Weill Cornell Medical Center, along with shopping and dining along Lexington and Madison Avenues and cultural institutions on Fifth Avenue. Public transportation is also conveniently accessible, with the 77th Street [4, 6] and 72nd Street [N, Q, R] subway stations described as a short walk away.
Located in the heart of Lenox Hill, the building provides close access to Lenox Hill Hospital, Hunter College, and Weill Cornell Medical Center, along with shopping and dining along Lexington and Madison Avenues and cultural institutions on Fifth Avenue. Public transportation is also conveniently accessible, with the 77th Street [4, 6] and 72nd Street [N, Q, R] subway stations described as a short walk away.
Key Highlights
- Two connected five‑story walk‑up buildings totaling 17,610 SF
- Contains 11 residential rental apartments
- Includes two office units plus one retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$551,417
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,028,340
$11.0M
Cap Rate 7%
$7,877,386
$7.9M
Cap Rate 9%
$6,126,856
$6.1M
Market Conditions
NOI Build-Up for 17,610 SF
Gross rent
$906.6K $51.48/SF
− Vacancy
−$171.3K −$9.73/SF
EGI
$735.2K $41.75/SF
− OpEx
−$183.8K −$10.44/SF
NOI
$551.4K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,028,340
Cap Rate 7%
$7,877,386
Cap Rate 9%
$6,126,856
Alternative Uses
Best Use
Retail
$35.40M
$30.98M – $41.30M
NOI $2,478,159 @ 7.0% cap · market cap 29.15%
Second Best
Office B
$7.88M
$6.89M – $9.19M
NOI $551,417 @ 7.0% cap · market cap 6.49%
Theoretical Best
Specialty Retail
$43.83M
$38.35M – $51.14M
NOI $3,068,366 @ 7.0% cap · market cap 36.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
10,984
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two connected five-story walk-up buildings totaling 11 apartments, two office units, and one retail space.
Where is this apartment building located?
The property is located at 236 E 75th St New York, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Two connected five‑story walk‑up buildings totaling 17,610 SF; Contains 11 residential rental apartments; Includes two office units plus one retail space
