Residential Income Property with River
399 E 72ND Street 14D, Manhattan, NY 10021
For Sale
$650,000
The corner co-op offers eastern and southern exposures, a dedicated dining area, and space for a home office.
Property Size800 SF
Price / SF$812.50
Days on Market94
Property Features for 399 E 72ND Street 14D
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
renovated laundry room
basement storage room
garage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Sharon L Fahy
(212) 381-3217
Source:
Decodenyc
Added: Aug 6
Changed: Nov 6
Last Checked: Nov 7 at 7:38AM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This 800-square-foot co-op residence at The East View House has one bedroom and one bathroom. Its corner position brings in eastern and southern light, with East River views through the windows. The layout includes a living room, a separate dining area, and flexible space for a home office. The kitchen has updated finishes and appliances, while the bathroom has been renovated. Hardwood floors, multiple closets, and custom built-ins provide additional interior features. The building dates to 1961.
Residents have access to a renovated laundry room and a basement storage room. A building garage is available subject to a waiting list. The Q train is one block away, and crosstown and uptown/downtown bus service is nearby.
Residents have access to a renovated laundry room and a basement storage room. A building garage is available subject to a waiting list. The Q train is one block away, and crosstown and uptown/downtown bus service is nearby.
Key Highlights
- 800‑square‑foot, one‑bedroom, one‑bathroom co‑op residence
- Corner unit with eastern and southern exposures and East River views
- Separate dining area and flexible home‑office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 21.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25,716
Businesses Nearby
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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
$1,529,600
Median Home Value
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Market
Average Price Trend$/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 - The corner co-op offers eastern and southern exposures, a dedicated dining area, and space for a home office.
Where is this residential income property located?
The property is located at 399 E 72ND Street 14D Manhattan, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 800‑square‑foot, one‑bedroom, one‑bathroom co‑op residence; Corner unit with eastern and southern exposures and East River views; Separate dining area and flexible home‑office space
