10-Unit Apartment Building with
New
For Sale
$4,950,000
326 E 93rd Street New York, Manhattan, NY 10128
Commercial Sale, New York (Manhattan), NY
Property Size8,448 SF
Lot Size0.06 Acres
Price / SF$585.94
Days on Market3
Property Features for 326 E 93rd Street New York
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
On Street
Security features
Security
Basement
Full, Walk-Out Access, Storage Space
Appliances
Dishwasher, Refrigerator
Lot features
Back Yard, Near Public Transit, Near School, Near Shops
Elementary school
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Middle school
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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
APN
1555-0037
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
64948
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private landscaped rear yard
Building Details
Year built
1910
Number of units
10
Flooring type
Hardwood
Building materials
Brick, Frame
Listing Agency:
RE/MAX Town & Country · Redefy
(845) 765-6128
Listed By:
Howard Payson · License #NY10491208345
(203) 240-7233
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 1062647
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.
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Investment Insights
Based on property information with market context.
This five-story Manhattan apartment building contains 10 residences across approximately 8,448 square feet. The mix comprises two one-bedroom apartments and eight two-bedroom apartments. A separate two-room office suite includes a half bath and direct access to the private rear garden. The property was built in 1910 and features brick and frame construction, hardwood flooring, and window or wall/window cooling units.
Seven apartments are free-market, two are rent-stabilized, and one is rent-controlled. The landscaped rear yard includes mature greenery and established garden beds. Public water and sewer serve the property, and on-street parking is listed.
The building is near restaurants, shopping, parks, medical institutions, the Second Avenue subway, and the FDR Drive. The stated capitalization rate is 5.50%.
Seven apartments are free-market, two are rent-stabilized, and one is rent-controlled. The landscaped rear yard includes mature greenery and established garden beds. Public water and sewer serve the property, and on-street parking is listed.
The building is near restaurants, shopping, parks, medical institutions, the Second Avenue subway, and the FDR Drive. The stated capitalization rate is 5.50%.
Key Highlights
- 10 residential apartments: two one‑bedroom and eight two‑bedroom units
- Approximately 8,448 square feet across five stories
- Separate two‑room office suite with a half bath and direct access to the rear garden
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
10
Residential units
Yes
Highway 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 two-room office with a half bath connects directly to the landscaped rear yard.
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 apartments: two one‑bedroom and eight two‑bedroom units; Approximately 8,448 square feet across five stories; Separate two‑room office suite with a half bath and direct access to the rear garden
