Four-Story Walk-Up
For Sale
$4,325,000
30 West 96th Street, New York, NY 10025
Four-story walk-up multifamily featuring eight one-bedrooms and one studio, all free-market, in an R9 zoning district.
Property Size6,310 SF
Days on Market31
Property Features for 30 West 96th Street
General Information
Standard status
Active
Size
6,310 SF
Property subtype
Multifamily
Zoning
R9
Additional Details
Cap Rate
5.65%
Multifamily Units
9
Amenities
9 Apartments
100% Free-Market
Room for Growth in Existing Rents
Strong Upper West Side Location
Building Details
Building Size
6,310 SF
Stories
4
Units
10
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5152
Listed By:
John Stewart · License #License(s): NY: 10311203263, NY: 10301205822
(212) 430-5152
Source:
Marcusmillichap
Added: Jul 26
Changed: Aug 23
Last Checked: Aug 24 at 3:08AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
Marcus & Millichap is the exclusive sales broker for 30 W 96th Street, a four-story walk-up apartment building. The unit mix includes eight one-bedroom apartments and one studio apartment, with all units operating as fully free-market residences.
The property is located within an R9 zoning district and includes approximately 8,812 square feet of unused development rights. It is also situated near Central Park and benefits from convenient transportation access, with proximity to established retail and dining corridors on the Upper West Side.
This configuration provides a straightforward multifamily portfolio consisting of nine total residential units across a walk-up building format.
The property is located within an R9 zoning district and includes approximately 8,812 square feet of unused development rights. It is also situated near Central Park and benefits from convenient transportation access, with proximity to established retail and dining corridors on the Upper West Side.
This configuration provides a straightforward multifamily portfolio consisting of nine total residential units across a walk-up building format.
Key Highlights
- Four‑story walk‑up multifamily at 30 West 96th Street on the Upper West Side
- Unit mix includes eight 1‑bedroom apartments and one studio
- All units are 100% free‑market
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
$207,709
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
4.80%
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%
$4,154,180
$4.2M
Cap Rate 7%
$2,967,271
$3.0M
Cap Rate 9%
$2,307,878
$2.3M
Market Conditions
NOI Build-Up for 6,310 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
$397.5K $63.00/SF
− Vacancy
−$19.9K −$3.15/SF
EGI
$377.7K $59.85/SF
− OpEx
−$169.9K −$26.93/SF
NOI
$207.7K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /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%
$4,154,180
Cap Rate 7%
$2,967,271
Cap Rate 9%
$2,307,878
Alternative Uses
Best Use
Apartment 5plus
$2.97M
$2.60M – $3.46M
NOI $207,709 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$24.92M
$21.81M – $29.08M
NOI $1,744,589 @ 7.0% cap · market cap 40.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
9,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story walk-up multifamily featuring eight one-bedrooms and one studio, all free-market, in an R9 zoning district.
Where is this apartment building located?
The property is located at 30 West 96th Street New York, NY.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: Four‑story walk‑up multifamily at 30 West 96th Street on the Upper West Side; Unit mix includes eight 1‑bedroom apartments and one studio; All units are 100% free‑market
