Pre-War Residential Income
New
For Sale
$1,400,000
340 W 86TH Street 5A, New York City, NY 10024
Estate-condition condominium residence with generous proportions, classic architectural details, and a flexible three-bedroom layout.
Property Size1,571 SF
Price / SF$891.15
Days on Market5
Property Features for 340 W 86TH Street 5A
General Information
Standard status
Active
Size
1,571 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour doorman
live-in resident manager
fitness center
laundry facilities
bicycle storage
landscaped roof deck
Building Details
Building Size
1,571 SF
Year Built
1925
Construction
pre-war
Listing Agency:
Brown Harris Stevens Brooklyn LLC
(718) 613-2782
Listed By:
Natalie Rabaa
(718) 613-2782
Source:
Carlinwright
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 9:17AM
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 Brown Harris Stevens Brooklyn LLC
Investment Insights
Based on property information with market context.
Unit 5A is a 1,571-square-foot condominium residence in The Netherlands, a pre-war building completed in 1925. The home is offered in estate condition and requires a full renovation. Its current configuration includes three bedrooms and one bathroom, with high ceilings, classic moldings, large windows, and solid pre-war construction providing the existing framework for a customized redesign.
The building is located on a tree-lined Upper West Side block near Riverside Park, shopping, dining, and major transportation hubs. The Netherlands is a full-service condominium with a 24-hour doorman, live-in resident manager, fitness center, laundry facilities, bicycle storage, and a landscaped roof deck with city views.
The building is located on a tree-lined Upper West Side block near Riverside Park, shopping, dining, and major transportation hubs. The Netherlands is a full-service condominium with a 24-hour doorman, live-in resident manager, fitness center, laundry facilities, bicycle storage, and a landscaped roof deck with city views.
Key Highlights
- 1,571 SF condominium residence in The Netherlands
- Three‑bedroom, one‑bathroom configuration with flexible floor plan
- Estate condition requiring a full renovation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$983,040
$983.0K
Cap Rate 7%
$702,171
$702.2K
Cap Rate 9%
$546,133
$546.1K
Market Conditions
NOI Build-Up for 1,571 SF
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.
Gross rent
$94.1K $59.88/SF
− Vacancy
−$4.7K −$2.99/SF
EGI
$89.4K $56.89/SF
− OpEx
−$40.2K −$25.60/SF
NOI
$49.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$983,040
Cap Rate 7%
$702,171
Cap Rate 9%
$546,133
Alternative Uses
Best Use
Apartment 5plus
$702.2K
$614.4K – $819.2K
NOI $49,152 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.91M
$3.42M – $4.56M
NOI $273,731 @ 7.0% cap · market cap 19.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 10024, NY
62,250
Population
36,723
Households
1.7
Avg Household Size
43
Median Age
84%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
69,167
Density / Sq Mi
$182,614
Median Household Income
$117,078
Median Earnings
$2,965
Median Rent
$1,746,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Estate-condition condominium residence with generous proportions, classic architectural details, and a flexible three-bedroom layout.
Where is this residential income property located?
The property is located at 340 W 86TH Street 5A New York City, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1,571 SF condominium residence in The Netherlands; Three‑bedroom, one‑bathroom configuration with flexible floor plan; Estate condition requiring a full renovation
