One-Bedroom Income
For Sale
$859,999
404 E 76th Street 5J, New York City, NY 10021
Approximately 800 square feet with in-unit laundry, stainless steel appliances, granite countertops, and extensive closet storage.
Property Size800 SF
Price / SF$1,074
Days on Market91
Property Features for 404 E 76th Street 5J
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$10,476
Building Details
Building Size
800 SF
Year Built
1900
Listing Agency:
Realmart Realty LLC
(862) 684-2367
Listed By:
Liou Dun
(862) 684-2367
Source:
Carlinwright
Added: May 12
Changed: Aug 9
Last Checked: Aug 10 at 9:58AM
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 Realmart Realty LLC
Investment Insights
Based on property information with market context.
This approximately 800-square-foot one-bedroom residential income property includes a galley kitchen with stainless steel appliances, granite countertops, and substantial cabinetry. The residence also features a stackable Bosch washer and dryer, hardwood floors, crown molding, California closets, and generous bedroom storage. The unit is described as bright, spacious, and well maintained.
The home is located at 404 E 76th Street in New York City’s Upper East Side, within walking distance of the 2nd Avenue Q train. It is situated in The Impala Condominium, a 31-story building designed by architect Michael Graves. Building services and amenities include a 24-hour doorman and concierge, fitness center, steam room, sauna, massage room, children’s playroom, business center, conference room with Wi-Fi, bike room, private storage, wine cellar, valet garage, and a 15,000-square-foot private courtyard garden.
The home is located at 404 E 76th Street in New York City’s Upper East Side, within walking distance of the 2nd Avenue Q train. It is situated in The Impala Condominium, a 31-story building designed by architect Michael Graves. Building services and amenities include a 24-hour doorman and concierge, fitness center, steam room, sauna, massage room, children’s playroom, business center, conference room with Wi-Fi, bike room, private storage, wine cellar, valet garage, and a 15,000-square-foot private courtyard garden.
Key Highlights
- Approximately 800 square feet with one bedroom
- Stackable Bosch washer and dryer inside the residence
- Galley kitchen with stainless steel appliances and granite countertops
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
$25,030
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
2.91%
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%
$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
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
$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 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%
$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 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Approximately 800 square feet with in-unit laundry, stainless steel appliances, granite countertops, and extensive closet storage.
Where is this residential income property located?
The property is located at 404 E 76th Street 5J New York City, NY.
What is the asking price?
The asking price for this property is $859,999.
What are key features of this property?
This property features: Approximately 800 square feet with one bedroom; Stackable Bosch washer and dryer inside the residence; Galley kitchen with stainless steel appliances and granite countertops
