Renovated Residential Income
For Sale
$1,095,000
250 W 75TH Street 5C, New York City, NY 10023
Two-bedroom co-op residence with an open kitchen, private storage, and access to shared building amenities.
Property Size1,000 SF
Price / SF$1,095
Days on Market130
Property Features for 250 W 75TH Street 5C
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Apartment
Building Details
Building Size
1,000 SF
Year Built
1922
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 906-0554
Listed By:
Roberto A Cabrera
(212) 906-0554
Source:
Miradorrealestate
Added: Apr 17
Changed: Aug 23
Last Checked: Aug 24 at 3:28PM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
Apartment 5C is a renovated two-bedroom residential income property in a 1922 pre-war co-op building. The south-facing home includes 1,000 square feet, 7-inch white oak flooring, a foyer, combined living and dining areas, and a corner nook suited to office use. Large windows bring natural light into the residence. The open kitchen has stainless steel appliances, a gas range, updated countertops, and contemporary finishes. A windowed bathroom features marble tile and a rain shower. Two private basement storage units are included.
Building amenities include a renovated lobby, elevator, live-in superintendent, bike storage, updated laundry facilities, and a refurbished courtyard with seating and a grill. The pet-friendly property is on a tree-lined block near Riverside Park, Central Park, Lincoln Center, and neighborhood retailers and restaurants. Subway access includes the 1, 2, and 3 lines, with nearby A, B, and C service and multiple bus routes.
Building amenities include a renovated lobby, elevator, live-in superintendent, bike storage, updated laundry facilities, and a refurbished courtyard with seating and a grill. The pet-friendly property is on a tree-lined block near Riverside Park, Central Park, Lincoln Center, and neighborhood retailers and restaurants. Subway access includes the 1, 2, and 3 lines, with nearby A, B, and C service and multiple bus routes.
Key Highlights
- Renovated 1,000‑square‑foot two‑bedroom residence
- 7‑inch white oak flooring and large south‑facing windows
- Open kitchen with stainless steel appliances and gas range
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
$31,416
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
2.87%
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%
$628,320
$628.3K
Cap Rate 7%
$448,800
$448.8K
Cap Rate 9%
$349,067
$349.1K
Market Conditions
NOI Build-Up for 1,000 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
$60.0K $60.00/SF
− Vacancy
−$2.9K −$2.88/SF
EGI
$57.1K $57.12/SF
− OpEx
−$25.7K −$25.70/SF
NOI
$31.4K $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%
$628,320
Cap Rate 7%
$448,800
Cap Rate 9%
$349,067
Alternative Uses
Best Use
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,416 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.0K
$622.1K – $829.5K
NOI $49,770 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
26,495
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 - Two-bedroom co-op residence with an open kitchen, private storage, and access to shared building amenities.
Where is this residential income property located?
The property is located at 250 W 75TH Street 5C New York City, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Renovated 1,000‑square‑foot two‑bedroom residence; 7‑inch white oak flooring and large south‑facing windows; Open kitchen with stainless steel appliances and gas range
