High-Floor Residential Income
399 E 72nd Street 16H, Manhattan, NY 10021
For Sale
$960,000
Flexible cooperative residence with an open kitchen, generous living area, custom storage, and full-service building amenities.
Property Size980 SF
Price / SF$979.59
Days on Market60
Property Features for 399 E 72nd Street 16H
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
24-hour doorman
live-in resident manager
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
MAX J MOONDOC
(917) 860-4749
Source:
Bondnyre
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 6 at 3:48PM
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
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Investment Insights
Based on property information with market context.
This high-floor cooperative residence offers a flexible interior with an open kitchen, oversized living room, separate dining area, bedroom, and an adjacent room suitable for a nursery, office, or dressing room. The kitchen includes a Sub-Zero refrigerator, Bertazzoni range, stainless steel dishwasher, wood cabinetry, marble counters, exposed brick, and a breakfast bar. A marble-finished bathroom with Kohler fixtures, hardwood plank flooring, custom closets, and built-in storage complete the home. Washer/dryers are permitted with board approval.
East View House is a full-service cooperative with a 24-hour doorman, live-in resident manager, and garage. The building is one block from the Second Avenue Subway, with additional subway options nearby. Pied-a-terres are permitted, dogs under 25 lbs. are allowed, and up to 75% financing is permitted. The property was built in 1961.
East View House is a full-service cooperative with a 24-hour doorman, live-in resident manager, and garage. The building is one block from the Second Avenue Subway, with additional subway options nearby. Pied-a-terres are permitted, dogs under 25 lbs. are allowed, and up to 75% financing is permitted. The property was built in 1961.
Key Highlights
- High‑floor cooperative residence with flexible room configuration
- Open kitchen with Sub‑Zero refrigerator, Bertazzoni range, marble counters, and breakfast bar
- Oversized living room with room for dining, entertaining, and a work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,662
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,240
$613.2K
Cap Rate 7%
$438,029
$438.0K
Cap Rate 9%
$340,689
$340.7K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$58.7K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$55.7K $56.89/SF
− OpEx
−$25.1K −$25.60/SF
NOI
$30.7K $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%
$613,240
Cap Rate 7%
$438,029
Cap Rate 9%
$340,689
Alternative Uses
Best Use
Apartment 5plus
$438.0K
$383.3K – $511.0K
NOI $30,662 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.85M
NOI $170,755 @ 7.0% cap · market cap 17.79%
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 an open kitchen, generous living area, custom storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 399 E 72nd Street 16H Manhattan, NY.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: High‑floor cooperative residence with flexible room configuration; Open kitchen with Sub‑Zero refrigerator, Bertazzoni range, marble counters, and breakfast bar; Oversized living room with room for dining, entertaining, and a work area
