Yorkville Multifamily with Office
326 E 93rd Street New York Manhattan, NY 10128
New
326 E 93rd Street New York, Manhattan, NY, 10128
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For Sale
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Five-story, 10-unit multifamily building plus a two-room office suite with a half bath and direct garden access.
Property Size8,448 SF
Price / SF$615.53
Days on Market4
Property Features for 326 E 93rd Street New York
General Information
- Standard status
- Active
- Size
- 8,448 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
RE/MAX Town & Country
Listed by
Howard Payson ([email protected])
Source
Ridgevalleyre
Added: Jul 20 Updated: Jul 22 at 3:09AM Checked: Jul 22 at 3:09AM
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 RE/MAX Town & Country
Investment Insights
Based on property information with market context.
326 East 93rd Street is a five-story, 10-unit multifamily property with an additional office suite. The residential configuration includes two one-bedroom apartments (Units 1A and 1B) and eight two-bedroom apartments (Units 2A, 2B, 3A, 3B, 4A, 4B, 5A, and 5B). Unit 1C is configured as a two-room office with a half bath and direct access to the private rear garden.
A standout feature is the expansive private landscaped rear yard, offering a courtyard setting with established garden beds and mature greenery. The building is located on tree-lined streets in Manhattan’s Yorkville neighborhood, with access to nearby restaurants, shopping, parks, medical institutions, the Second Avenue subway, and the FDR Drive.
The unit mix includes seven free-market units, two rent-stabilized units, and one rent-controlled unit. The property is described as offered in turnkey condition for a new owner or operator.
A standout feature is the expansive private landscaped rear yard, offering a courtyard setting with established garden beds and mature greenery. The building is located on tree-lined streets in Manhattan’s Yorkville neighborhood, with access to nearby restaurants, shopping, parks, medical institutions, the Second Avenue subway, and the FDR Drive.
The unit mix includes seven free-market units, two rent-stabilized units, and one rent-controlled unit. The property is described as offered in turnkey condition for a new owner or operator.
Key Highlights
- Five‑story, 10‑unit multifamily building plus a two‑room office suite with a half bath and direct access to the private rear garden
- Approx. 8,448 SF total and built in 1910
- Residential unit mix: 2 one‑bedroom apartments (1A, 1B) and 8 two‑bedroom apartments (2A, 2B, 3A, 3B, 4A, 4B, 5A, 5B)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $557.6k | $66.00 |
| − Vacancy | −$94.8k | −$11.22 |
| EGI | $462.8k | $54.78 |
| − OpEx | −$115.7k | −$13.69 |
| NOI | $347.1k | $41.08 |
8,448 SF · lease $66.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.96M
$4.34M – $5.78M
NOI $347,086 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$3.77M
$3.30M – $4.40M
NOI $263,759 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,461 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-story, 10-unit multifamily building plus a two-room office suite with a half bath and direct garden access.
Where is this apartment building located?
The property is located at 326 E 93rd Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Five‑story, 10‑unit multifamily building plus a two‑room office suite with a half bath and direct access to the private rear garden; Approx. 8,448 SF total and built in 1910; Residential unit mix: 2 one‑bedroom apartments (1A, 1B) and 8 two‑bedroom apartments (2A, 2B, 3A, 3B, 4A, 4B, 5A, 5B)
