Residential Income Property For
For Sale
$510,000
304 W 88TH St 1D, New York, NY 10024
Residential income property available for purchase.
Property Size600 SF
Days on Market318
Property Features for 304 W 88TH St 1D
General Information
Standard status
Active
Size
600 SF
Property subtype
Residential
Building Details
Building Size
600 SF
Year Built
1900
Listing Agency:
Serhant
Listed By:
Natalia Gavrilov
(917) 582-8617
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 10
Last Checked: Oct 9 at 10:27PM
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 Serhant
Investment Insights
Based on property information with market context.
A residential income property is available for sale. The list price is $600,000.
Key Highlights
- Year Built: 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,772
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,440
$375.4K
Cap Rate 7%
$268,171
$268.2K
Cap Rate 9%
$208,578
$208.6K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$35.9K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.1K $56.89/SF
− OpEx
−$15.4K −$25.60/SF
NOI
$18.8K $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%
$375,440
Cap Rate 7%
$268,171
Cap Rate 9%
$208,578
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,544 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,500
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property available for purchase.
Where is this apartment building located?
The property is located at 304 W 88TH St 1D New York, NY.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Year Built: 1900
