Four-Bedroom Residential Income
New
For Sale
$2,500,000
320 W 87TH Street 4E, New York City, NY 10024
Prewar interiors include a flexible bonus room, built-in storage, and an in-unit washer and dryer.
Property Size2,400 SF
Price / SF$1,041
Days on Market4
Property Features for 320 W 87TH Street 4E
General Information
Standard status
Active
Size
2,400 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
live-in superintendent
shared outdoor patio
in-unit washer/dryer
decorative fireplace
window seats
custom built-ins
storage cage
Building Details
Building Size
2,400 SF
Year Built
1912
Listing Agency:
Corcoran Group
Listed By:
Meris G Blumstein · License #30BLO798434 (NY)
(917) 613-8553
Source:
Howardhannanyc
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 9:05PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This four-bedroom, three-bathroom prewar residence includes a north-facing living room with a decorative fireplace, window seats, and custom built-ins. A separate bonus room can serve as a home office. The primary suite has an en-suite bath, an oversized closet, built-in shelving, and additional storage. A vented Whirlpool washer and dryer are located in the unit, and a storage cage is included.
Built in 1912, the property is in New York City’s Upper West Side. Building features include a live-in superintendent, a service and freight elevator, and a furnished outdoor patio with lighting. The layout may allow for a more open living and dining arrangement, subject to approvals.
Built in 1912, the property is in New York City’s Upper West Side. Building features include a live-in superintendent, a service and freight elevator, and a furnished outdoor patio with lighting. The layout may allow for a more open living and dining arrangement, subject to approvals.
Key Highlights
- Four bedrooms and three bathrooms
- North‑facing living room with decorative fireplace, window seats, and custom built‑ins
- Primary suite with en‑suite bath, oversized closet, and built‑in shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,090
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,800
$1.5M
Cap Rate 7%
$1,072,714
$1.1M
Cap Rate 9%
$834,333
$834.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$143.7K $59.88/SF
− Vacancy
−$7.2K −$2.99/SF
EGI
$136.5K $56.89/SF
− OpEx
−$61.4K −$25.60/SF
NOI
$75.1K $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%
$1,501,800
Cap Rate 7%
$1,072,714
Cap Rate 9%
$834,333
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$938.6K – $1.25M
NOI $75,090 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.97M
$5.23M – $6.97M
NOI $418,176 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,445
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Prewar interiors include a flexible bonus room, built-in storage, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 320 W 87TH Street 4E New York City, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Four bedrooms and three bathrooms; North‑facing living room with decorative fireplace, window seats, and custom built‑ins; Primary suite with en‑suite bath, oversized closet, and built‑in shelving
