20-Unit Five-Story Apartment
For Sale
$7,395,000
319 90TH Street New York, Manhattan, NY 10128
Residential, New York (Manhattan), NY
Property Size8,950 SF
Price / SF$826.26
Days on Market193
Property Features for 319 90TH Street New York
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R8B
Bedrooms
20
Bathrooms
20
Full bathrooms
20
Rooms
Bedroom 15, Bathroom 10, Bathroom 16, Bedroom 2, Bathroom 5, Bedroom 3, Bedroom 12, Bathroom 7, Bedroom 7, Bedroom 20, Bedroom 10, Bedroom 8, Bathroom 17, Bedroom 11, Bedroom 4, Bathroom 15, Bedroom 16, Bathroom 13, Bedroom 6, Bathroom 8, Bathroom 14, Bathroom 9, Bathroom 12, Bedroom 19, Bathroom 4, Bathroom 3, Bedroom 9, Bedroom 5, Bathroom 1, Bathroom 19, Bathroom 11, Bedroom 18, Bedroom 14, Bathroom 2, Bedroom 17, Bathroom 20, Bathroom 18, Bathroom 6, Bedroom 1, Bedroom 13
Interior features
Washer/Dryer Hookup
Subdivision
Yorkville
High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
Size
8,950 SF
Taxes and HOA fees
Tax Annual Amount
163344
HOA Fee
$1.00 Annually
Amenities
washer/dryer
private outdoor space
Building Details
Year built
1915
Floors in Building
5
Number of units
20
Listing Agency:
Serhant LLC
Listed By:
Ryan Serhant
(646) 480-7665
Added: Mar 27
Changed: Sep 28
Last Checked: Oct 5 at 12:06AM
MLS# 977311
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,950-square-foot multifamily building contains 20 apartments across five stories and was constructed in 1915. The property includes washer/dryer arrangements for each residence, along with upgraded interior finishes and barn-door features. Four apartments provide private outdoor areas, comprising two roof decks and two duplex residences with backyards.
Located at 319 90TH Street in New York, NY 10128, the building is zoned R8B. The unit mix includes 18 free-market apartments and two rent-stabilized apartments, providing a combination of regulated and unregulated tenancy within the same asset.
Located at 319 90TH Street in New York, NY 10128, the building is zoned R8B. The unit mix includes 18 free-market apartments and two rent-stabilized apartments, providing a combination of regulated and unregulated tenancy within the same asset.
Key Highlights
- 20‑unit, five‑story multifamily building with 8,950 square feet
- 18 free‑market units and 2 rent‑stabilized units
- Washer/dryer arrangements provided for each apartment
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
$279,432
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
3.78%
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%
$5,588,640
$5.6M
Cap Rate 7%
$3,991,886
$4.0M
Cap Rate 9%
$3,104,800
$3.1M
Market Conditions
NOI Build-Up for 8,950 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
$535.9K $59.88/SF
− Vacancy
−$27.9K −$3.11/SF
EGI
$508.1K $56.77/SF
− OpEx
−$228.6K −$25.54/SF
NOI
$279.4K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /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%
$5,588,640
Cap Rate 7%
$3,991,886
Cap Rate 9%
$3,104,800
Alternative Uses
Best Use
Apartment 5plus
$3.99M
$3.49M – $4.66M
NOI $279,432 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.36M
$5.57M – $7.42M
NOI $445,445 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
13,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with washer/dryer arrangements and four residences offering private outdoor space.
Where is this apartment building located?
The property is located at 319 90TH Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $7,395,000.
What are key features of this property?
This property features: 20‑unit, five‑story multifamily building with 8,950 square feet; 18 free‑market units and 2 rent‑stabilized units; Washer/dryer arrangements provided for each apartment
