Residential Income Property with Flexible
For Sale
$799,000
Pending
404 E 66TH Street 5H, New York City, NY 10065
Oversized one-bedroom residence with abundant storage and full-service condominium amenities.
Property Size894 SF
Days on Market129
Property Features for 404 E 66TH Street 5H
General Information
Standard status
Pending
Size
894 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,748
Amenities
doorman
live-in resident manager
central laundry room
on-site garage
Building Details
Building Size
894 SF
Year Built
1960
Listing Agency:
Corcoran Group
Listed By:
STEVEN M LOPEZ · License #40LO1160481 (NY)
(917) 843-4206
Source:
Tricialee
Added: Jun 3
Changed: Oct 3
Last Checked: Oct 7 at 4:50PM
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.
Residence 5H is an 894-square-foot split one-bedroom condominium residence with a versatile interior arrangement. The 29-foot living room provides room for distinct living, dining, entertaining, and work areas, while the bedroom is complemented by five large closets, a white-tiled bathroom, and a foyer. The kitchen footprint can be expanded or reconfigured, allowing the next owner to tailor the space over time.
Hardenbrook House Condominium was built in 1960 and provides a full-time doorman, live-in resident manager, central laundry room, and on-site garage. The property is in Lenox Hill near Trader Joe’s, Central Park, St. Catherine’s Park, the East River Greenway, Bloomingdale’s, dining, shopping, and multiple subway lines.
Hardenbrook House Condominium was built in 1960 and provides a full-time doorman, live-in resident manager, central laundry room, and on-site garage. The property is in Lenox Hill near Trader Joe’s, Central Park, St. Catherine’s Park, the East River Greenway, Bloomingdale’s, dining, shopping, and multiple subway lines.
Key Highlights
- 894‑square‑foot split one‑bedroom condominium residence
- 29‑foot living room supports separate living, dining, entertaining, and work areas
- Five large closets provide substantial in‑home storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,971
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,420
$559.4K
Cap Rate 7%
$399,586
$399.6K
Cap Rate 9%
$310,789
$310.8K
Market Conditions
NOI Build-Up for 894 SF
Gross rent
$53.5K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$50.9K $56.89/SF
− OpEx
−$22.9K −$25.60/SF
NOI
$28.0K $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%
$559,420
Cap Rate 7%
$399,586
Cap Rate 9%
$310,789
Alternative Uses
Best Use
Apartment 5plus
$399.6K
$349.6K – $466.2K
NOI $27,971 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $155,771 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
21,727
Businesses Nearby
Explore this area
Business Placement
Demographics for 10065, NY
32,891
Population
22,734
Households
1.4
Avg Household Size
40
Median Age
86%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
82,228
Density / Sq Mi
$160,938
Median Household Income
$121,212
Median Earnings
$2,828
Median Rent
$1,368,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Oversized one-bedroom residence with abundant storage and full-service condominium amenities.
Where is this residential income property located?
The property is located at 404 E 66TH Street 5H New York City, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 894‑square‑foot split one‑bedroom condominium residence; 29‑foot living room supports separate living, dining, entertaining, and work areas; Five large closets provide substantial in‑home storage
