Apartment Building in New
For Sale
$1,850,000
Pending
310 W 72nd Street 2-CD, New York City, NY 10023
Apartment building for sale in New York, NY.
Property Size2,100 SF
Days on Market456
Property Features for 310 W 72nd Street 2-CD
General Information
Standard status
Pending
Size
2,100 SF
Property subtype
Apartment
Building Details
Building Size
2,100 SF
Year Built
1924
Listing Agency:
Blu Realty Group
Listed By:
Jenny J Lee
(212) 580-8879
Source:
Howardhannanyc
Added: Jul 29, 2025
Changed: Oct 27
Last Checked: Oct 27 at 1:16AM
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 Blu Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An apartment building is available for purchase. The list price is $850,000.
Key Highlights
- Year Built: 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,974
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,480
$1.3M
Cap Rate 7%
$942,486
$942.5K
Cap Rate 9%
$733,044
$733.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$126.0K $60.00/SF
− Vacancy
−$6.0K −$2.88/SF
EGI
$120.0K $57.12/SF
− OpEx
−$54.0K −$25.70/SF
NOI
$66.0K $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 Rate 5%
$1,319,480
Cap Rate 7%
$942,486
Cap Rate 9%
$733,044
Alternative Uses
Best Use
Apartment 5plus
$942.5K
$824.7K – $1.10M
NOI $65,974 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,518 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
25,716
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building for sale in New York, NY.
Where is this apartment building located?
The property is located at 310 W 72nd Street 2-CD New York City, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Year Built: 1924
