111-Unit Apartment
329-339 E 94th Street, New York, NY 10128
For Sale
$43,500,000
Commercial Sale, New York, NY
Property Size65,535 SF
Price / SF$663.77
Days on Market113
Property Features for 329-339 E 94th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
High school district
Standard status
Size
Additional Details
Tenant in Place
Building Details
Architectural style
Listing Agency:
Compass
(646) 982-0353
Listed By:
Yoav Blat · License NY #10401398848
Added: Jul 20
Changed: Oct 27
Last Checked: Nov 9 at 10:06AM
MLS# 11896640
Copyright © 2026 My State 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 multifamily portfolio comprises 111 apartments across approximately 65,535 square feet. The unit composition includes 89 free-market apartments, 17 rent-stabilized apartments, and 5 rent-controlled apartments. Delivery is expected to be approximately 95% vacant, with 9 regulated apartments currently occupied and the balance of regulated units vacant for an extended period.
The property is located at 329-339 E 94th Street in Manhattan, New York, NY 10128. Ownership has indicated that certain vacant regulated apartments may warrant further review regarding first-rent treatment, citing prior nonprofit or church use, extended vacancy, and capital improvements completed before re-occupancy. Purchasers should independently evaluate applicable legal and regulatory considerations as part of their due diligence.
The property is located at 329-339 E 94th Street in Manhattan, New York, NY 10128. Ownership has indicated that certain vacant regulated apartments may warrant further review regarding first-rent treatment, citing prior nonprofit or church use, extended vacancy, and capital improvements completed before re-occupancy. Purchasers should independently evaluate applicable legal and regulatory considerations as part of their due diligence.
Key Highlights
- 111 apartments across approximately 65,535 square feet
- Unit mix includes 89 free‑market, 17 rent‑stabilized, and 5 rent‑controlled apartments
- Expected delivery is approximately 95% vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,046,097
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$40,921,940
$40.9M
Cap Rate 7%
$29,229,957
$29.2M
Cap Rate 9%
$22,734,411
$22.7M
Market Conditions
NOI Build-Up for 65,535 SF
Gross rent
$3.92M $59.88/SF
− Vacancy
−$204.1K −$3.11/SF
EGI
$3.72M $56.77/SF
− OpEx
−$1.67M −$25.54/SF
NOI
$2.05M $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%
$40,921,940
Cap Rate 7%
$29,229,957
Cap Rate 9%
$22,734,411
Alternative Uses
Best Use
Apartment 5plus
$29.23M
$25.58M – $34.10M
NOI $2,046,097 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$46.60M
$40.77M – $54.36M
NOI $3,261,705 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
111
Residential units
Location Intelligence
Trade Area within ½ mile
15,282
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in New York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily portfolio with free-market and regulated apartments, offered with approximately 95% vacancy at delivery.
Where is this apartment building located?
The property is located at 329-339 E 94th Street New York, NY.
What is the asking price?
The asking price for this property is $43,500,000.
What are key features of this property?
This property features: 111 apartments across approximately 65,535 square feet; Unit mix includes 89 free‑market, 17 rent‑stabilized, and 5 rent‑controlled apartments; Expected delivery is approximately 95% vacant
