20-Unit 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 Market147
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 6, Bathroom 16, Bedroom 4, Bathroom 14, Bedroom 2, Bathroom 15, Bedroom 16, Bathroom 18, Bedroom 12, Bedroom 14, Bathroom 17, Bedroom 13, Bathroom 1, Bathroom 9, Bathroom 11, Bathroom 2, Bathroom 19, Bedroom 3, Bedroom 9, Bathroom 20, Bedroom 8, Bedroom 11, Bedroom 15, Bathroom 5, Bedroom 19, Bedroom 1, Bedroom 17, Bedroom 18, Bathroom 7, Bathroom 8, Bathroom 10, Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 12, Bathroom 13, Bathroom 6, Bedroom 5, Bedroom 10, Bedroom 20
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
Building Details
Year built
1915
Floors in Building
5
Number of units
20
Listing Agency:
Serhant LLC
(646) 480-7665
Listed By:
Ryan Serhant
(646) 480-7665
Added: Mar 27
Changed: Aug 20
Last Checked: Aug 20 at 1:06PM
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 20-unit apartment building occupies a 25-foot-wide lot and contains 8,950 square feet across five stories. Built in 1915, the property is configured with 18 free-market apartments and two rent-stabilized units. Each residence has its own washer and dryer, while four apartments offer private exterior space, including two roof decks and two duplex units with backyards.
Interior details include barn-style doors and upgraded finishes throughout the building. The property is located at 319 90TH Street in New York, NY 10128 and carries R8B zoning. Its apartment count, unit mix, laundry setup, and combination of roof and backyard amenities provide a clearly defined multifamily operating profile.
Interior details include barn-style doors and upgraded finishes throughout the building. The property is located at 319 90TH Street in New York, NY 10128 and carries R8B zoning. Its apartment count, unit mix, laundry setup, and combination of roof and backyard amenities provide a clearly defined multifamily operating profile.
Key Highlights
- 20‑unit, five‑story apartment building with 8,950 square feet
- 18 free‑market units and 2 rent‑stabilized units
- Every apartment includes its own washer and dryer
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
Property Profile
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
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 - Five-story apartment property with individual laundry and private outdoor areas serving select residences.
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 apartment building with 8,950 square feet; 18 free‑market units and 2 rent‑stabilized units; Every apartment includes its own washer and dryer
