Seven-Room Residential Income
For Sale
$2,100,000
340 E 72nd Street 2N, Manhattan, NY 10021
The pre-war residence includes three bedrooms, three bathrooms, and a separate staff room on the same floor.
Property Size2,100 SF
Price / SF$1,000
Days on Market10
Property Features for 340 E 72nd Street 2N
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
wood-burning fireplace
in-unit washer and dryer
Building Details
Building Size
2,100 SF
Year Built
1930
Listing Agency:
Sothebys International Realty
Listed By:
Dianne M Weston
(917) 693-8442
Source:
Lenasimpson
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 30 at 11:46PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This 1930 pre-war residence spans approximately 2,100 square feet, with seven rooms, three bedrooms, and three bathrooms. A central foyer connects the living room and formal dining room, while a windowed eat-in kitchen includes an original butler’s pantry. The primary bedroom has north and south exposures and an en-suite bath; a second bedroom also has its own bath. The third bedroom can serve as a den. A former staff room and bathroom now function as an office and laundry area, with an in-unit washer and dryer. Hardwood floors, ceilings over nine feet, and a wood-burning fireplace are among the interior features. A separate staff room of approximately 110 square feet is located down the hall on the same floor.
The property is on East 72nd Street in Manhattan’s Lenox Hill neighborhood. Nearby context includes art institutions, dining, shops, the East River, and parks; crosstown bus service and subway lines provide city connections.
The property is on East 72nd Street in Manhattan’s Lenox Hill neighborhood. Nearby context includes art institutions, dining, shops, the East River, and parks; crosstown bus service and subway lines provide city connections.
Key Highlights
- Approximately 2,100 square feet across seven rooms
- Three bedrooms and three bathrooms
- Separate approximately 110‑square‑foot staff room on the same floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,703
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,060
$1.3M
Cap Rate 7%
$938,614
$938.6K
Cap Rate 9%
$730,033
$730.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$125.7K $59.88/SF
− Vacancy
−$6.3K −$2.99/SF
EGI
$119.5K $56.89/SF
− OpEx
−$53.8K −$25.60/SF
NOI
$65.7K $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%
$1,314,060
Cap Rate 7%
$938,614
Cap Rate 9%
$730,033
Alternative Uses
Best Use
Apartment 5plus
$938.6K
$821.3K – $1.10M
NOI $65,703 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.23M
$4.57M – $6.10M
NOI $365,904 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,976
Businesses Nearby
Explore this area
Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The pre-war residence includes three bedrooms, three bathrooms, and a separate staff room on the same floor.
Where is this residential income property located?
The property is located at 340 E 72nd Street 2N Manhattan, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approximately 2,100 square feet across seven rooms; Three bedrooms and three bathrooms; Separate approximately 110‑square‑foot staff room on the same floor
