Renovated Residential Income
For Sale
$459,000
Pending
25 W 64th Street 1-B, New York City, NY 10023
One-bedroom cooperative residence with an eat-in kitchen, hardwood floors, and a renovated bathroom.
Property Size570 SF
Days on Market107
Property Features for 25 W 64th Street 1-B
General Information
Standard status
Pending
Size
570 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Amenities
elevator
laundry room
bike room
common storage
renovated common hallways
renovated lobby
Building Details
Building Size
570 SF
Year Built
1925
Buildings
1
Construction
Art-Deco
Listing Agency:
Weichert Properties
(917) 747-3418
Listed By:
VESELIN S TSONEV
(917) 747-3418
Source:
Lenasimpson
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 10 at 9:41AM
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
Investment Insights
Based on property information with market context.
This renovated one-bedroom residential income property measures approximately 570 square feet and is located at 25 W 64th Street, Unit 1-B, in New York City. The residence features an eat-in kitchen with granite countertops, wood cabinetry, a black oven, a large stainless steel refrigerator, and tiled flooring. Additional interior details include hardwood floors throughout and a bathroom finished with beige tile.
The property is within a boutique Art Deco-style cooperative building completed in 1925. Building amenities and services include an elevator, laundry room, superintendent, bike room, common storage, renovated common hallways, and a renovated lobby. The cooperative contains 52 apartments. Pets are not allowed.
The property is within a boutique Art Deco-style cooperative building completed in 1925. Building amenities and services include an elevator, laundry room, superintendent, bike room, common storage, renovated common hallways, and a renovated lobby. The cooperative contains 52 apartments. Pets are not allowed.
Key Highlights
- Approximately 570‑square‑foot one‑bedroom residence
- Renovated bathroom with beige tile
- Eat‑in kitchen with granite countertops and stainless steel refrigerator
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
$17,907
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
3.90%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
19,465
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 - One-bedroom cooperative residence with an eat-in kitchen, hardwood floors, and a renovated bathroom.
Where is this residential income property 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: Approximately 570‑square‑foot one‑bedroom residence; Renovated bathroom with beige tile; Eat‑in kitchen with granite countertops and stainless steel refrigerator
