Residential Income Property with
For Sale
$995,000
370 E 76th Street C1406, New York City, NY 10021
Top-floor co-op apartment in Newport East with access to a roof deck, seasonal heated pool, garage and 24-hour doorman.
Property Size900 SF
Price / SF$1,105
Days on Market8
Property Features for 370 E 76th Street C1406
General Information
Standard status
Active
Size
900 SF
Property subtype
Apartment
Additional Details
HOA Fee
$1,996
Public Transit
Yes
Multifamily Units
1
Amenities
terrace
24-hour doorman
concierge
live-in superintendent
roof deck
seasonal heated pool
on-site garage
laundry room
bike room
storage
Building Details
Building Size
900 SF
Year Built
1966
Listing Agency:
Realmart Realty LLC
Listed By:
Qizhan Jack Yao · License #0902217
(732) 727-2285
Source:
Carytamura
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 7 at 3:35PM
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 Realmart Realty LLC
Investment Insights
Based on property information with market context.
This 900-square-foot, top-floor junior four co-op apartment includes a 21' x 10' terrace. The building provides a 24-hour doorman and concierge, a live-in superintendent, a roof deck with a seasonal heated pool, an on-site garage, laundry room, bike room and storage. Garage parking is discounted for shareholders.
The property is four blocks from the 72nd Street station on the Second Avenue subway. Co-purchasing and parental purchases are permitted, and pets under 30 lbs are welcome. Pieds-à-terre are not permitted.
The property is four blocks from the 72nd Street station on the Second Avenue subway. Co-purchasing and parental purchases are permitted, and pets under 30 lbs are welcome. Pieds-à-terre are not permitted.
Key Highlights
- Top‑floor junior four co‑op apartment with a 21' x 10' terrace
- 900 square feet of interior space
- Newport East building with 24‑hour doorman and concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,159
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,180
$563.2K
Cap Rate 7%
$402,271
$402.3K
Cap Rate 9%
$312,878
$312.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$53.9K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.2K $56.89/SF
− OpEx
−$23.0K −$25.60/SF
NOI
$28.2K $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%
$563,180
Cap Rate 7%
$402,271
Cap Rate 9%
$312,878
Alternative Uses
Best Use
Apartment 5plus
$402.3K
$352.0K – $469.3K
NOI $28,159 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,816 @ 7.0% cap · market cap 15.76%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor co-op apartment in Newport East with access to a roof deck, seasonal heated pool, garage and 24-hour doorman.
Where is this residential income property located?
The property is located at 370 E 76th Street C1406 New York City, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Top‑floor junior four co‑op apartment with a 21' x 10' terrace; 900 square feet of interior space; Newport East building with 24‑hour doorman and concierge
