One-Bedroom Residential Income
For Sale
$675,000
362 W 127th Street 4-A, New York City, NY 10027
Flexible apartment layout with bonus space, private laundry, modern kitchen finishes, and access to a shared roof deck.
Property Size809 SF
Days on Market134
Property Features for 362 W 127th Street 4-A
General Information
Standard status
Active
Size
809 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,304
Amenities
roof deck
virtual doorman
storage room
bike storage
Building Details
Building Size
809 SF
Year Built
2016
Listing Agency:
Catherine Madaio Realty Corp
(646) 641-6894
Listed By:
CATHERINE R MADAIO
(646) 641-6894
Source:
Serhant
Added: Apr 14
Changed: Aug 25
Last Checked: Aug 24 at 3:22PM
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
Investment Insights
Based on property information with market context.
This south-facing residential unit features floor-to-ceiling windows, oak flooring, and a flexible one-bedroom layout with an additional room suitable for office, dining, storage, or closet use. The entry foyer includes a custom closet, while the open kitchen is equipped with Caesarstone counters, marble backsplash, stainless steel appliances, dishwasher, vented induction stove, and extensive cabinetry. A tiled stall shower with glass enclosure, in-unit washer and dryer, individual hot water heater, and ductless Daikin heating and cooling complete the interior.
Building amenities include a shared roof deck available for private reservations, virtual doorman and video intercom service, storage, and bicycle storage. The property is near City College, Columbia University's main campus, and Barnard University, with A, B, and C subway service at the corner. The unit may be rented from Day 1, and small and medium-sized pets are permitted with board approval. The building was constructed in 2016.
Building amenities include a shared roof deck available for private reservations, virtual doorman and video intercom service, storage, and bicycle storage. The property is near City College, Columbia University's main campus, and Barnard University, with A, B, and C subway service at the corner. The unit may be rented from Day 1, and small and medium-sized pets are permitted with board approval. The building was constructed in 2016.
Key Highlights
- South‑facing unit with floor‑to‑ceiling windows
- One bedroom plus bonus room and foyer with custom closet
- Open kitchen with Caesarstone counters, marble backsplash, and stainless steel appliances
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
$25,311
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
3.75%
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%
$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
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
$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 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%
$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 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,960 @ 7.0% cap · market cap 20.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Flexible apartment layout with bonus space, private laundry, modern kitchen finishes, 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 New York City, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: South‑facing unit with floor‑to‑ceiling windows; One bedroom plus bonus room and foyer with custom closet; Open kitchen with Caesarstone counters, marble backsplash, and stainless steel appliances
