10-Unit Apartment Building with
New
For Sale
$4,950,000
326 E 93rd Street New York, Manhattan, NY 10128
A five-story residential property includes a separate office suite with direct access to its landscaped outdoor area.
Property Size8,448 SF
Price / SF$585.94
Days on Market2
Property Features for 326 E 93rd Street New York
General Information
Standard status
Active
Size
8,448 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR, 8 x 2BR
Multifamily Units
10
Additional Details
Cap Rate
5.5%
Taxes and HOA fees
Annual Taxes
$64,948
Amenities
private landscaped rear yard
Building Details
Year Built
1910
Buildings
1
Stories
5
Tenancy
Multi
Listing Agency:
RE/MAX Town & Country
(718) 767-8200
Listed By:
Howard Payson (hjpayson@gmail.com) · License #NY10491208345
(203) 240-7233
Source:
Maureenfolan
Added: Oct 16
Last Checked: Oct 14 at 8:51PM
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
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Investment Insights
Based on property information with market context.
At 326 East 93rd Street, this five-story Manhattan apartment building contains 8,448 square feet and 10 residences. The mix comprises two one-bedroom apartments and eight two-bedroom apartments. A separate two-room office suite has a half bath and opens directly to the rear garden. The residential units include seven free-market apartments, two rent-stabilized apartments and one rent-controlled apartment. The building dates to 1910.
The landscaped rear yard features mature greenery and established garden beds. The property is in Yorkville, near restaurants, shops, parks and medical institutions, with access to the Second Avenue subway and FDR Drive. Walk Score, Bike Score and Transit Score are 99, 84 and 100, respectively.
The landscaped rear yard features mature greenery and established garden beds. The property is in Yorkville, near restaurants, shops, parks and medical institutions, with access to the Second Avenue subway and FDR Drive. Walk Score, Bike Score and Transit Score are 99, 84 and 100, respectively.
Key Highlights
- 10 residential units: two one‑bedroom and eight two‑bedroom apartments
- 8,448 square feet in a five‑story building
- Separate two‑room office suite with half bath and direct garden access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$263,759
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,275,180
$5.3M
Cap Rate 7%
$3,767,986
$3.8M
Cap Rate 9%
$2,930,656
$2.9M
Market Conditions
NOI Build-Up for 8,448 SF
Gross rent
$505.9K $59.88/SF
− Vacancy
−$26.3K −$3.11/SF
EGI
$479.6K $56.77/SF
− OpEx
−$215.8K −$25.54/SF
NOI
$263.8K $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 Rate 5%
$5,275,180
Cap Rate 7%
$3,767,986
Cap Rate 9%
$2,930,656
Alternative Uses
Best Use
Apartment 5plus
$3.77M
$3.30M – $4.40M
NOI $263,759 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,461 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,026
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
Frequently Asked Questions
What type of property is this?
Apartment building - A five-story residential property includes a separate office suite with direct access to its landscaped outdoor area.
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 $4,950,000.
What are key features of this property?
This property features: 10 residential units: two one‑bedroom and eight two‑bedroom apartments; 8,448 square feet in a five‑story building; Separate two‑room office suite with half bath and direct garden access
