Full-Service Residential Income
For Sale
$800,000
Pending
404 E 76th Street 3B, New York City, NY 10021
Condominium residence with open city views, in-unit laundry, and extensive building amenities.
Property Size847 SF
Days on Market82
Property Features for 404 E 76th Street 3B
General Information
Standard status
Pending
Size
847 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,096
Amenities
in-unit washer and dryer
24-hour doorman
concierge
live-in superintendent
on-site parking garage
fitness center
steam room
sauna
business center
conference center
children's playroom
bike storage
private courtyard garden
Building Details
Building Size
847 SF
Year Built
1999
Listing Agency:
Compass
(646) 431-2260
Listed By:
Dylan Hildreth Hoffman
(646) 431-2260
Source:
Nobleblackandpartners
Added: May 22
Changed: Aug 8
Last Checked: Aug 10 at 9:36AM
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
Investment Insights
Based on property information with market context.
Residence 3B is an 847-square-foot condominium home with a well-organized layout designed for comfortable daily living. The unit includes oversized windows with open city views, a living area, separate dining alcove, full-size kitchen appliances, ample cabinetry, generous counter space, a bedroom sized for a king bed, substantial closet storage, and an in-unit washer and dryer. The property was built in 1999.
The Impala is a full-service condominium designed by architect Michael Graves. Building services include a 24-hour doorman and concierge, live-in superintendent, and on-site parking garage. Amenities include a fitness center with steam and sauna rooms, business and conference center, children's playroom, bike storage, and a 15,000-square-foot private courtyard garden.
The residence is located on a quiet, tree-lined block in Lenox Hill on the Upper East Side, near dining, shopping, everyday conveniences, the Q and 6 subway lines, multiple bus routes, John Jay Park, and Carl Schurz Park.
The Impala is a full-service condominium designed by architect Michael Graves. Building services include a 24-hour doorman and concierge, live-in superintendent, and on-site parking garage. Amenities include a fitness center with steam and sauna rooms, business and conference center, children's playroom, bike storage, and a 15,000-square-foot private courtyard garden.
The residence is located on a quiet, tree-lined block in Lenox Hill on the Upper East Side, near dining, shopping, everyday conveniences, the Q and 6 subway lines, multiple bus routes, John Jay Park, and Carl Schurz Park.
Key Highlights
- 847‑square‑foot condominium residence
- Open city views through oversized windows
- Separate dining alcove and king‑sized bedroom
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
$26,500
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
3.31%
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%
$530,000
$530.0K
Cap Rate 7%
$378,571
$378.6K
Cap Rate 9%
$294,444
$294.4K
Market Conditions
NOI Build-Up for 847 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
$50.7K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$48.2K $56.89/SF
− OpEx
−$21.7K −$25.60/SF
NOI
$26.5K $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%
$530,000
Cap Rate 7%
$378,571
Cap Rate 9%
$294,444
Alternative Uses
Best Use
Apartment 5plus
$378.6K
$331.3K – $441.7K
NOI $26,500 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,581 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with open city views, in-unit laundry, and extensive building amenities.
Where is this residential income property located?
The property is located at 404 E 76th Street 3B New York City, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 847‑square‑foot condominium residence; Open city views through oversized windows; Separate dining alcove and king‑sized bedroom
