Residential Income Property with Roof
For Sale
$599,900
278 W 86TH Street 5A, New York City, NY 10024
One-bedroom residence includes a furnished private roof terrace with plantings, timed irrigation, and lighting.
Property Size550 SF
Price / SF$1,090
Days on Market213
Property Features for 278 W 86TH Street 5A
General Information
Standard status
Active
Size
550 SF
Elevators
No
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$893
Public Transit
Yes
Amenities
private roof deck terrace
irrigation system
lighting
on-site laundry
Building Details
Building Size
550 SF
Year Built
1910
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Joseph Peraino
(646) 648-2986
Source:
Miradorrealestate
Added: Apr 6
Changed: Oct 31
Last Checked: Nov 3 at 12:48PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath residence occupies a landmarked 19th-century townhouse and features a private roof terrace with furnishings, plantings, irrigation, and lighting controlled by timers. Interior improvements include refinished and stained floors, new windows throughout, two new air-conditioning units, and a renovated bathroom with a skylight. High ceilings and an open kitchen with stainless steel appliances and a gas stove complete the interior. The building has no elevator, offers pet-friendly living, and includes on-site laundry.
The property is positioned between Broadway and West End Avenue on the Upper West Side, near Riverside Park, Central Park, and the American Museum of Natural History. A crosstown bus stop is at the building, while the 1 subway station is on the same block. Pied-à-terres and sublets are permitted.
The property is positioned between Broadway and West End Avenue on the Upper West Side, near Riverside Park, Central Park, and the American Museum of Natural History. A crosstown bus stop is at the building, while the 1 subway station is on the same block. Pied-à-terres and sublets are permitted.
Key Highlights
- 500 sq foot private roof terrace with furnishings, plantings, irrigation, and timed lighting
- One bed, one bath residence in a landmarked 19th‑century townhouse
- Refinished floors, new windows throughout, and two new air conditioning units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,208
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,160
$344.2K
Cap Rate 7%
$245,829
$245.8K
Cap Rate 9%
$191,200
$191.2K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$32.9K $59.88/SF
− Vacancy
−$1.6K −$2.99/SF
EGI
$31.3K $56.89/SF
− OpEx
−$14.1K −$25.60/SF
NOI
$17.2K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,160
Cap Rate 7%
$245,829
Cap Rate 9%
$191,200
Alternative Uses
Best Use
Apartment 5plus
$245.8K
$215.1K – $286.8K
NOI $17,208 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,832 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
10,500
Businesses Nearby
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Business Placement
Demographics for 10024, NY
62,250
Population
36,723
Households
1.7
Avg Household Size
43
Median Age
84%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
69,167
Density / Sq Mi
$182,614
Median Household Income
$117,078
Median Earnings
$2,965
Median Rent
$1,746,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence includes a furnished private roof terrace with plantings, timed irrigation, and lighting.
Where is this residential income property located?
The property is located at 278 W 86TH Street 5A New York City, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 500 sq foot private roof terrace with furnishings, plantings, irrigation, and timed lighting; One bed, one bath residence in a landmarked 19th‑century townhouse; Refinished floors, new windows throughout, and two new air conditioning units
