One-Bedroom Residential Income
For Sale
$835,000
Pending
404 E 76th Street 3-C, New York City, NY 10021
Condominium unit with doorman service, concierge, fitness facilities, and garden amenities in a 31-story residential building.
Property Size918 SF
Days on Market258
Property Features for 404 E 76th Street 3-C
General Information
Standard status
Pending
Size
918 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
needs minor work
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,600
Amenities
24-hour doorman
concierge
business center
conference room
fitness center
steam room
sauna
spa
playroom
courtyard
garden
garage
Building Details
Building Size
918 SF
Year Built
2000
Stories
31
Tenancy
Single
Listing Agency:
R New York
Listed By:
david dudi silberberg
(917) 861-2222
Source:
Carlinwright
Added: Jan 1
Changed: Sep 15
Last Checked: Sep 15 at 11:15AM
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 R New York
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium unit spans approximately 918 square feet and requires limited interior updates, including new paint and flooring. The residence is occupied by a tenant who will vacate within 3 months of contract signing.
The building is a 31-story, 194-unit residential tower at 404 E 76th Street in New York City. Shared facilities include a 24-hour doorman and concierge, business and conference room, fitness center, steam and sauna rooms, spa areas, playroom, garage, and a 15,000-square-foot courtyard and garden. These building-wide amenities provide a broad range of resident services and recreational spaces.
The building is a 31-story, 194-unit residential tower at 404 E 76th Street in New York City. Shared facilities include a 24-hour doorman and concierge, business and conference room, fitness center, steam and sauna rooms, spa areas, playroom, garage, and a 15,000-square-foot courtyard and garden. These building-wide amenities provide a broad range of resident services and recreational spaces.
Key Highlights
- Approximately 918 square feet with one bedroom and one bathroom
- Tenant will vacate within 3 months of contract signing
- 31‑story, 194‑unit residential building
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
$28,722
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
3.44%
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%
$574,440
$574.4K
Cap Rate 7%
$410,314
$410.3K
Cap Rate 9%
$319,133
$319.1K
Market Conditions
NOI Build-Up for 918 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
$55.0K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$52.2K $56.89/SF
− OpEx
−$23.5K −$25.60/SF
NOI
$28.7K $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 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%
$574,440
Cap Rate 7%
$410,314
Cap Rate 9%
$319,133
Alternative Uses
Best Use
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,722 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,952 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
23,460
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium unit with doorman service, concierge, fitness facilities, and garden amenities in a 31-story residential building.
Where is this residential income property located?
The property is located at 404 E 76th Street 3-C New York City, NY.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Approximately 918 square feet with one bedroom and one bathroom; Tenant will vacate within 3 months of contract signing; 31‑story, 194‑unit residential building
