Two-Bedroom Residential Income
For Sale
$1,400,000
360 E 72nd Street B1601, Manhattan, NY 10021
Flexible dining space can be enclosed as a third bedroom, supporting adaptable residential use.
Property Size1,350 SF
Price / SF$1,037
Days on Market54
Property Features for 360 E 72nd Street B1601
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Amenities
24-hour doormen
concierge service
fitness center
rooftop deck
on-site garage
Building Details
Building Size
1,350 SF
Year Built
1963
Listing Agency:
Compass
Listed By:
Jack Elliot Heard
(347) 931-6355
Source:
Lenasimpson
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 30 at 11:53PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,350-square-foot, two-bedroom residence features oversized windows, a generous living room, separate dining space, large bedrooms, and extensive closet storage. The dining area can be enclosed to create a third bedroom, home office, or additional living space. The apartment has been well maintained and offers a flexible layout with clear separation between living and sleeping areas.
The property is in a full-service cooperative built in 1963, with 24-hour doormen, concierge service, a fitness center, rooftop deck, on-site garage, and ground-floor commercial tenants. Monthly maintenance includes all utilities. The building permits pets, co-purchasing, pied-a-terres, 75% financing, and guarantors, and is located one block from the Q train.
The property is in a full-service cooperative built in 1963, with 24-hour doormen, concierge service, a fitness center, rooftop deck, on-site garage, and ground-floor commercial tenants. Monthly maintenance includes all utilities. The building permits pets, co-purchasing, pied-a-terres, 75% financing, and guarantors, and is located one block from the Q train.
Key Highlights
- 1,350 SF two‑bedroom residence with oversized windows
- Dining area can be enclosed as a third bedroom
- Large living room, separate dining area, and generous bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,238
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,760
$844.8K
Cap Rate 7%
$603,400
$603.4K
Cap Rate 9%
$469,311
$469.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$80.8K $59.88/SF
− Vacancy
−$4.0K −$2.99/SF
EGI
$76.8K $56.89/SF
− OpEx
−$34.6K −$25.60/SF
NOI
$42.2K $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 Rate 5%
$844,760
Cap Rate 7%
$603,400
Cap Rate 9%
$469,311
Alternative Uses
Best Use
Apartment 5plus
$603.4K
$528.0K – $704.0K
NOI $42,238 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.92M
NOI $235,224 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
4,410
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 - Flexible dining space can be enclosed as a third bedroom, supporting adaptable residential use.
Where is this residential income property located?
The property is located at 360 E 72nd Street B1601 Manhattan, 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: 1,350 SF two‑bedroom residence with oversized windows; Dining area can be enclosed as a third bedroom; Large living room, separate dining area, and generous bedrooms
