Post-War Residential Income
399 E 72ND Street 12H, Manhattan, NY 10021
For Sale
$950,000
Flexible cooperative residence with abundant natural light, renovated finishes, full-time doorman service, elevator access, and garage parking.
Property Size1,013 SF
Price / SF$937.81
Days on Market162
Property Features for 399 E 72ND Street 12H
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
full-time doorman
pet-friendly
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Tim Cass
(212) 317-7889
Source:
Lenasimpson
Added: Jun 1
Changed: Nov 3
Last Checked: Nov 8 at 12:49PM
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 1,013-square-foot post-war cooperative residence at 399 East 72nd Street, Unit 12H, is located on the 12th floor of a low-rise building constructed in 1961. Currently configured as a two-bedroom, the layout can be arranged as a spacious one-bedroom with a dedicated home office. North, east, and west exposures provide abundant natural light and city views. The residence includes parquet flooring, double-pane windows, a separate sleeping or office area, and generous closet storage with a walk-in closet.
The kitchen features a pass-through design, new appliances, and a window, while the dining area connects with the living room. Additional improvements include a renovated marble bathroom and Miele washer and dryer. Building amenities include a full-time doorman and elevator service, along with garage parking and a pet-friendly policy. The property is one block from the Q train and near Central Park, cultural attractions, shopping, and dining in Lenox Hill.
The kitchen features a pass-through design, new appliances, and a window, while the dining area connects with the living room. Additional improvements include a renovated marble bathroom and Miele washer and dryer. Building amenities include a full-time doorman and elevator service, along with garage parking and a pet-friendly policy. The property is one block from the Q train and near Central Park, cultural attractions, shopping, and dining in Lenox Hill.
Key Highlights
- 1,013 SF cooperative residence on the 12th floor
- Flexible layout currently used as a two‑bedroom; can be configured as a one‑bedroom with home office
- North, east, and west exposures with city views and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,694
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,880
$633.9K
Cap Rate 7%
$452,771
$452.8K
Cap Rate 9%
$352,156
$352.2K
Market Conditions
NOI Build-Up for 1,013 SF
Gross rent
$60.7K $59.88/SF
− Vacancy
−$3.0K −$2.99/SF
EGI
$57.6K $56.89/SF
− OpEx
−$25.9K −$25.60/SF
NOI
$31.7K $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%
$633,880
Cap Rate 7%
$452,771
Cap Rate 9%
$352,156
Alternative Uses
Best Use
Apartment 5plus
$452.8K
$396.2K – $528.2K
NOI $31,694 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.2K
$619.7K – $826.3K
NOI $49,575 @ 7.0% cap · market cap 5.22%
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
25,716
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 - Flexible cooperative residence with abundant natural light, renovated finishes, full-time doorman service, elevator access, and garage parking.
Where is this residential income property located?
The property is located at 399 E 72ND Street 12H Manhattan, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,013 SF cooperative residence on the 12th floor; Flexible layout currently used as a two‑bedroom; can be configured as a one‑bedroom with home office; North, east, and west exposures with city views and abundant natural light
