Renovated Residential Income
370 E 76th Street A1104, Manhattan, NY 10021
For Sale
$495,000
A renovated high-floor studio in a full-service co-op offers flexible living space and western exposure.
Property Size500 SF
Price / SF$990
Days on Market46
Property Features for 370 E 76th Street A1104
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
full-time doorman
secured lobby
rooftop pool
roof deck
laundry room
bike room
garage
valet
storage
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Elise Flangos
(212) 913-9058
Source:
Lenasimpson
Added: Sep 25
Changed: Nov 9
Last Checked: Nov 8 at 4:26PM
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.
Unit A1104 is a recently renovated alcove studio on a high floor of Newport East, a three-tower co-op built in 1966. The 500-square-foot layout includes defined areas for living, dining, sitting, and sleeping, along with a foyer, dressing area, and built-in closets. Western exposure brings natural light into the residence. Interior features include hardwood floors, high ceilings, custom kitchen cabinetry, marble countertops, stainless steel appliances, and a bathroom with a shower-tub combination. Monthly maintenance includes utilities.
Building amenities include a full-time doorman, rooftop pool and deck, laundry and bike rooms, garage, valet service, and storage. Subletting is permitted for two out of five years; guarantors and parents purchasing for children are welcome. Pets under 30 pounds are allowed, and pied-à-terres are not permitted. The property is located near Second Avenue shops and restaurants, with access to the 4, 5, 6, and Q subway lines.
Building amenities include a full-time doorman, rooftop pool and deck, laundry and bike rooms, garage, valet service, and storage. Subletting is permitted for two out of five years; guarantors and parents purchasing for children are welcome. Pets under 30 pounds are allowed, and pied-à-terres are not permitted. The property is located near Second Avenue shops and restaurants, with access to the 4, 5, 6, and Q subway lines.
Key Highlights
- 500‑square‑foot alcove studio with flexible living, dining, sitting, and sleeping areas
- Recently renovated interior with western exposure, hardwood floors, and high ceilings
- Kitchen includes custom cabinetry, marble counters, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,644
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,880
$312.9K
Cap Rate 7%
$223,486
$223.5K
Cap Rate 9%
$173,822
$173.8K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$29.9K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$28.4K $56.89/SF
− OpEx
−$12.8K −$25.60/SF
NOI
$15.6K $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%
$312,880
Cap Rate 7%
$223,486
Cap Rate 9%
$173,822
Alternative Uses
Best Use
Apartment 5plus
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.6K
$305.9K – $407.8K
NOI $24,469 @ 7.0% cap · market cap 4.94%
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
23,460
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
$1,529,600
Median Home Value
Market
Average Price Trend$/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 - A renovated high-floor studio in a full-service co-op offers flexible living space and western exposure.
Where is this residential income property located?
The property is located at 370 E 76th Street A1104 Manhattan, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 500‑square‑foot alcove studio with flexible living, dining, sitting, and sleeping areas; Recently renovated interior with western exposure, hardwood floors, and high ceilings; Kitchen includes custom cabinetry, marble counters, and stainless steel appliances
