Residential Income
For Sale
$1,780,000
395 RIVERSIDE Drive 3A, New York City, NY 10025
Prewar co-op residence offers two bedrooms, a formal dining room, and an oversized pass-through kitchen.
Property Size1,600 SF
Price / SF$1,112
Days on Market79
Property Features for 395 RIVERSIDE Drive 3A
General Information
Standard status
Active
Size
1,600 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
doorman
fitness center
Building Details
Building Size
1,600 SF
Year Built
1924
Listing Agency:
Corcoran Group
(212) 470-8891
Listed By:
Eliety Lopes
(212) 470-8891
Source:
Miradorrealestate
Added: May 24
Changed: Aug 8
Last Checked: Aug 10 at 9:33AM
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
Investment Insights
Based on property information with market context.
This approximately 1,600-square-foot prewar co-op residence features a gallery foyer, 9-foot coved ceilings, original walnut herringbone parquet flooring, picture-frame moldings, and a generously proportioned living room with two oversized windows. The current layout includes two bedrooms and a formal dining room that may serve as a third bedroom or home office. An oversized pass-through galley kitchen includes white cabinetry, blue counters, a stainless gas range, dishwasher, pantry storage, and a full-size stacked washer and dryer vented to the exterior. A private service entry connects directly from the elevator and stair hall.
Designed by architect Gaetan Ajello in 1924, the full-service co-op includes a limestone lobby, full-time doorman, live-in superintendent, resident fitness center, and pet-friendly policies. Pieds-à-terre and financing up to 75% are permitted. The property is two blocks from the 110th Street/Cathedral Parkway station on the #1 train, with M60 bus service nearby and access to Riverside Park, the Hudson River Greenway, Columbia University, and Broadway retail and dining.
Designed by architect Gaetan Ajello in 1924, the full-service co-op includes a limestone lobby, full-time doorman, live-in superintendent, resident fitness center, and pet-friendly policies. Pieds-à-terre and financing up to 75% are permitted. The property is two blocks from the 110th Street/Cathedral Parkway station on the #1 train, with M60 bus service nearby and access to Riverside Park, the Hudson River Greenway, Columbia University, and Broadway retail and dining.
Key Highlights
- Approximately 1,600 square feet configured as two bedrooms
- Formal dining room offers flexibility for a third bedroom or home office
- 9‑foot coved ceilings, original herringbone parquet, and picture‑frame moldings
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
$52,668
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
2.96%
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%
$1,053,360
$1.1M
Cap Rate 7%
$752,400
$752.4K
Cap Rate 9%
$585,200
$585.2K
Market Conditions
NOI Build-Up for 1,600 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
$100.8K $63.00/SF
− Vacancy
−$5.0K −$3.15/SF
EGI
$95.8K $59.85/SF
− OpEx
−$43.1K −$26.93/SF
NOI
$52.7K $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%
$1,053,360
Cap Rate 7%
$752,400
Cap Rate 9%
$585,200
Alternative Uses
Best Use
Apartment 5plus
$752.4K
$658.4K – $877.8K
NOI $52,668 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.32M
$5.53M – $7.37M
NOI $442,368 @ 7.0% cap · market cap 24.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,066
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 - Prewar co-op residence offers two bedrooms, a formal dining room, and an oversized pass-through kitchen.
Where is this residential income property located?
The property is located at 395 RIVERSIDE Drive 3A New York City, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Approximately 1,600 square feet configured as two bedrooms; Formal dining room offers flexibility for a third bedroom or home office; 9‑foot coved ceilings, original herringbone parquet, and picture‑frame moldings
