Residential Income Property with
For Sale
$925,000
392 Central Park W 2N, New York City, NY 10025
Condominium residence offering private outdoor space, a breakfast-bar kitchen, and extensive full-service building amenities.
Property Size846 SF
Price / SF$1,093
Days on Market189
Property Features for 392 Central Park W 2N
General Information
Standard status
Active
Size
846 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$7,470
Building Details
Building Size
846 SF
Year Built
1960
Listing Agency:
Compass
(917) 656-8768
Listed By:
Susan D Skinner
(917) 656-8768
Source:
Nobleblackandpartners
Added: Feb 2
Changed: Aug 5
Last Checked: Aug 10 at 10:00AM
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
Investment Insights
Based on property information with market context.
This 846-square-foot condominium residence at 392 Central Park West includes a private 114-square-foot balcony and a kitchen with a breakfast-bar-style counter. The home was built in 1960 and includes access to a landscaped common outdoor garden, children's playground, gym, bike room, and on-site laundry facilities.
The building provides 24-hour concierge service and a full-time handyman. On-site parking is available, subject to a waiting list, and building storage is also waitlisted. The property is pet friendly and located in New York City, NY 10025.
The building provides 24-hour concierge service and a full-time handyman. On-site parking is available, subject to a waiting list, and building storage is also waitlisted. The property is pet friendly and located in New York City, NY 10025.
Key Highlights
- 846‑square‑foot condominium residence
- Private 114‑square‑foot balcony
- Kitchen with breakfast‑bar‑style counter
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
$27,848
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
3.01%
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%
$556,960
$557.0K
Cap Rate 7%
$397,829
$397.8K
Cap Rate 9%
$309,422
$309.4K
Market Conditions
NOI Build-Up for 846 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
$53.3K $63.00/SF
− Vacancy
−$2.7K −$3.15/SF
EGI
$50.6K $59.85/SF
− OpEx
−$22.8K −$26.93/SF
NOI
$27.8K $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 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%
$556,960
Cap Rate 7%
$397,829
Cap Rate 9%
$309,422
Alternative Uses
Best Use
Apartment 5plus
$397.8K
$348.1K – $464.1K
NOI $27,848 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.34M
$2.92M – $3.90M
NOI $233,902 @ 7.0% cap · market cap 25.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12,013
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence offering private outdoor space, a breakfast-bar kitchen, and extensive full-service building amenities.
Where is this residential income property located?
The property is located at 392 Central Park W 2N New York City, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 846‑square‑foot condominium residence; Private 114‑square‑foot balcony; Kitchen with breakfast‑bar‑style counter
