Lincoln Square Studio Investment
For Sale
$459,000
Pending
25 W 64th Street 1-B, New York City, NY 10023
Studio apartment in prime Lincoln Square location, rent stabilized.
Property Size570 SF
Days on Market334
Property Features for 25 W 64th Street 1-B
General Information
Standard status
Pending
Size
570 SF
Property subtype
Apartment
Building Details
Building Size
570 SF
Year Built
1925
Listing Agency:
Weichert Properties
Listed By:
VESELIN S TSONEV
(917) 747-3418
Source:
Carytamura
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 26 at 11:52PM
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 Weichert Properties
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Investment Insights
Based on property information with market context.
Located in the heart of Lincoln Square on the Upper West Side, between Lincoln Center and Central Park, this studio apartment presents an investment opportunity. The unit is situated in a 1923 boutique pre-war building and features a windowed eat-in kitchen, over nine-foot ceilings, and a windowed bathroom. Building amenities include a resident building manager, central laundry facilities, storage units, and bicycle storage. The rent-stabilized tenant is currently paying $903.31 per month. The property offers proximity to Lincoln Center, Central Park, world-class dining, and high-end boutiques on Columbus Avenue. Whole Foods, Target, and a public transportation hub at Columbus Circle (A, C, B, D, and 1 subway lines) are also within easy reach. Pied-a-terres are permitted. Pets are not allowed.
Key Highlights
- Prime Lincoln Square location near Lincoln Center and Central Park.
- Rent‑stabilized studio provides a long‑term investment opportunity.
- Pre‑war building (built in 1923) boasts a windowed eat‑in kitchen, over nine‑foot ceilings, and windowed bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,907
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,140
$358.1K
Cap Rate 7%
$255,814
$255.8K
Cap Rate 9%
$198,967
$199.0K
Market Conditions
NOI Build-Up for 570 SF
Gross rent
$34.2K $60.00/SF
− Vacancy
−$1.6K −$2.88/SF
EGI
$32.6K $57.12/SF
− OpEx
−$14.7K −$25.70/SF
NOI
$17.9K $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 Rate 5%
$358,140
Cap Rate 7%
$255,814
Cap Rate 9%
$198,967
Alternative Uses
Best Use
Apartment 5plus
$255.8K
$223.8K – $298.5K
NOI $17,907 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.3K
$354.6K – $472.8K
NOI $28,369 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
19,465
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio apartment in prime Lincoln Square location, rent stabilized.
Where is this apartment building located?
The property is located at 25 W 64th Street 1-B New York City, NY.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Prime Lincoln Square location near Lincoln Center and Central Park.; Rent‑stabilized studio provides a long‑term investment opportunity.; Pre‑war building (built in 1923) boasts a windowed eat‑in kitchen, over nine‑foot ceilings, and windowed bathroom.
