Full-Floor Residential Income
350 E 72ND Street 3, New York City, NY 10021
For Sale
$2,995,000
Pending
Upper East Side condominium residence with private elevator access, classic detailing, flexible den, and full-service building amenities.
Property Size2,800 SF
Days on Market55
Property Features for 350 E 72ND Street 3
General Information
Standard status
Size
Elevators
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private elevator landing
Juliet balcony
Jacuzzi tub
24-hour doorman and concierge
live-in superintendent
private storage
bicycle room
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Maria Elena Scotto · License NY #10401202771
(917) 559-2044
Source:
Blackandwhiteresidential
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 9 at 10:50AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This full-floor residential income property at 350 E 72nd Street offers approximately 2,800 square feet with 3 bedrooms and 2.5 baths. A private elevator landing opens to a detailed foyer and an expansive living and dining great room. The layout also includes a formal dining room, Juliet balcony, wood-paneled library or den, and a primary suite with sitting area and en-suite marble bath with Jacuzzi tub. Custom storage, wainscoting, crown molding, and elegant fixtures extend throughout the residence. The home is well maintained and requires cosmetic updating.
Le Chambord is a boutique, full-service condominium completed in 1988. Building services and amenities include a 24-hour doorman and concierge, live-in superintendent, private storage, and bicycle room. Pets are welcome. The property is positioned between First and Second Avenues, with access to the Second Avenue Q subway and nearby restaurants, shopping, and parks.
Le Chambord is a boutique, full-service condominium completed in 1988. Building services and amenities include a 24-hour doorman and concierge, live-in superintendent, private storage, and bicycle room. Pets are welcome. The property is positioned between First and Second Avenues, with access to the Second Avenue Q subway and nearby restaurants, shopping, and parks.
Key Highlights
- Approximately 2,800 square feet with 3 bedrooms and 2.5 baths
- Full‑floor layout with private elevator landing
- Library/den can function as a fourth bedroom, home office, or media room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,604
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,080
$1.8M
Cap Rate 7%
$1,251,486
$1.3M
Cap Rate 9%
$973,378
$973.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$167.7K $59.88/SF
− Vacancy
−$8.4K −$2.99/SF
EGI
$159.3K $56.89/SF
− OpEx
−$71.7K −$25.60/SF
NOI
$87.6K $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%
$1,752,080
Cap Rate 7%
$1,251,486
Cap Rate 9%
$973,378
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,604 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,028 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,410
Businesses Nearby
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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
$1,529,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper East Side condominium residence with private elevator access, classic detailing, flexible den, and full-service building amenities.
Where is this residential income property located?
The property is located at 350 E 72ND Street 3 New York City, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Approximately 2,800 square feet with 3 bedrooms and 2.5 baths; Full‑floor layout with private elevator landing; Library/den can function as a fourth bedroom, home office, or media room
