Residential Income Property with Park
372 CENTRAL Park W 3H, New York City, NY 10025
For Sale
$825,000
A south-facing one-bedroom condominium offers Central Park views and access to a full-service building’s resident amenities.
Property Size747 SF
Price / SF$1,104
Days on Market35
Property Features for 372 CENTRAL Park W 3H
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
24-Hour Doorman
Private Driveway Parking Lot
Landscaped Courtyard & Garden
Fitness Center
Laundry Room
Residents' Lounge
Playroom & Playground
Bike Room
Private Storage
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Whitney Didier · License #10301211844 (NY)
(917) 968-1195
Source:
Irynaferenets
Added: Oct 6
Changed: Nov 9
Last Checked: Nov 9 at 12:23AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 747-square-foot, south-facing condominium contains a true one-bedroom layout and views of Central Park. Built in 1961, the building provides a 24-hour doorman, fitness center, laundry room, residents’ lounge, playroom and playground, bike room, private storage, landscaped courtyard and garden, and a private driveway parking lot. Purchase does not require board approval or an application process.
At 372 Central Park West in New York City, the property is near Central Park, multiple subway and transportation lines, and retail including Whole Foods, Starbucks, HomeGoods, Michaels, and Sephora. The surrounding Columbus Square area also offers convenient access to these shops and services.
At 372 Central Park West in New York City, the property is near Central Park, multiple subway and transportation lines, and retail including Whole Foods, Starbucks, HomeGoods, Michaels, and Sephora. The surrounding Columbus Square area also offers convenient access to these shops and services.
Key Highlights
- 747‑square‑foot, south‑facing one‑bedroom condominium with Central Park views
- Built in 1961
- No board approval or application process required for ownership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,589
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,780
$491.8K
Cap Rate 7%
$351,271
$351.3K
Cap Rate 9%
$273,211
$273.2K
Market Conditions
NOI Build-Up for 747 SF
Gross rent
$47.1K $63.00/SF
− Vacancy
−$2.4K −$3.15/SF
EGI
$44.7K $59.85/SF
− OpEx
−$20.1K −$26.93/SF
NOI
$24.6K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,780
Cap Rate 7%
$351,271
Cap Rate 9%
$273,211
Alternative Uses
Best Use
Apartment 5plus
$351.3K
$307.4K – $409.8K
NOI $24,589 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$531.1K
$464.7K – $619.7K
NOI $37,179 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
12,168
Businesses Nearby
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Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - A south-facing one-bedroom condominium offers Central Park views and access to a full-service building’s resident amenities.
Where is this residential income property located?
The property is located at 372 CENTRAL Park W 3H New York City, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 747‑square‑foot, south‑facing one‑bedroom condominium with Central Park views; Built in 1961; No board approval or application process required for ownership
