Residential Income Property with Bonus
362 W 127th Street 4-A, Manhattan, NY 10027
For Sale
$665,000
The 809-square-foot unit has a flexible layout, in-unit laundry, and access to a shared roof deck.
Property Size809 SF
Price / SF$822
Days on Market210
Property Features for 362 W 127th Street 4-A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Roof Deck
Virtual Doorman /Video Intercom
Storage Room
Bike Storage
Washer/Dryer Combo Unit
Mini Split Ductless AC/Heating System
Building Details
Building Size
Year Built
Listing Agency:
Catherine Madaio Realty Corp
Listed By:
CATHERINE R MADAIO
(646) 641-6894
Source:
Archpointadvisory
Added: Apr 14
Changed: Nov 6
Last Checked: Nov 9 at 6:30AM
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 Catherine Madaio Realty Corp
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Investment Insights
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This 809-square-foot, one-bedroom unit includes a separate bonus room and a foyer with a custom closet. Oak flooring, south-facing floor-to-ceiling windows, and a flexible arrangement shape the interior. The open kitchen has Caesarstone countertops, a marble backsplash, stainless steel appliances, a dishwasher, and an Inducto vented stove. A tiled stall shower, in-unit washer and dryer, individual hot water heater, and ductless Daikin heating and cooling system are also included. The unit can be rented immediately, and small and medium-sized pets are allowed with board approval.
Building features include a shared roof deck that can be reserved for parties, a video intercom system, storage room, and bike storage. An A, B, C subway stop is at the corner. The property is within a few miles of City College, Columbia University's main campus, and Barnard College, with other destinations and services in the surrounding area.
Building features include a shared roof deck that can be reserved for parties, a video intercom system, storage room, and bike storage. An A, B, C subway stop is at the corner. The property is within a few miles of City College, Columbia University's main campus, and Barnard College, with other destinations and services in the surrounding area.
Key Highlights
- 809‑square‑foot unit with one bedroom and a separate bonus room
- South‑facing floor‑to‑ceiling windows and oak floors
- Open kitchen with Caesarstone counters, marble backsplash, stainless steel appliances, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,311
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,220
$506.2K
Cap Rate 7%
$361,586
$361.6K
Cap Rate 9%
$281,233
$281.2K
Market Conditions
NOI Build-Up for 809 SF
Gross rent
$48.4K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$46.0K $56.89/SF
− OpEx
−$20.7K −$25.60/SF
NOI
$25.3K $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%
$506,220
Cap Rate 7%
$361,586
Cap Rate 9%
$281,233
Alternative Uses
Best Use
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,311 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.6K
$494.9K – $659.9K
NOI $39,591 @ 7.0% cap · market cap 5.95%
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
8,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - The 809-square-foot unit has a flexible layout, in-unit laundry, and access to a shared roof deck.
Where is this residential income property located?
The property is located at 362 W 127th Street 4-A Manhattan, NY.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 809‑square‑foot unit with one bedroom and a separate bonus room; South‑facing floor‑to‑ceiling windows and oak floors; Open kitchen with Caesarstone counters, marble backsplash, stainless steel appliances, and dishwasher
