Duplex Loft Residential Income
407 E 91st Street 1H, New York City, NY 10128
For Sale
$995,000
Pending
Two-level residence with flexible rooms, exposed brick, oversized windows, and extensive built-in storage.
Property Size1,950 SF
Days on Market54
Property Features for 407 E 91st Street 1H
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
central laundry room
package room
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Dylan Hildreth Hoffman
(646) 431-2260
Source:
Nobleblackandpartners
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 8 at 3:15PM
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 two-level residential income property offers a loft-style layout with approximately 1,950 square feet of interior space. The main level combines living and dining areas beneath ceilings reaching approximately 12 feet, along with oversized windows, exposed brick, hardwood floors, a separate kitchen with stainless steel appliances, a full bathroom, and dedicated storage. The lower level includes an oversized primary bedroom, a second bedroom, multiple closets, a walk-in closet, and a primary bathroom that is currently under construction.
The home is located in a 1901 prewar co-op with 38 residences. Building amenities include an elevator, live-in superintendent, central laundry room, package room, and pet-friendly policies. A parking garage is directly across the street, while Carl Schurz Park, Gracie Mansion, Asphalt Green Athletic Complex, restaurants, shopping, schools, crosstown bus service, and the Second Avenue Subway are nearby.
The home is located in a 1901 prewar co-op with 38 residences. Building amenities include an elevator, live-in superintendent, central laundry room, package room, and pet-friendly policies. A parking garage is directly across the street, while Carl Schurz Park, Gracie Mansion, Asphalt Green Athletic Complex, restaurants, shopping, schools, crosstown bus service, and the Second Avenue Subway are nearby.
Key Highlights
- Duplex loft layout with approximately 1,950 square feet
- Main‑level ceilings reach approximately 12 feet
- Two bedrooms, two levels, and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,882
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,640
$1.2M
Cap Rate 7%
$869,743
$869.7K
Cap Rate 9%
$676,467
$676.5K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$116.8K $59.88/SF
− Vacancy
−$6.1K −$3.11/SF
EGI
$110.7K $56.77/SF
− OpEx
−$49.8K −$25.54/SF
NOI
$60.9K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,640
Cap Rate 7%
$869,743
Cap Rate 9%
$676,467
Alternative Uses
Best Use
Apartment 5plus
$869.7K
$761.0K – $1.01M
NOI $60,882 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,052 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
13,088
Businesses Nearby
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Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence with flexible rooms, exposed brick, oversized windows, and extensive built-in storage.
Where is this residential income property located?
The property is located at 407 E 91st Street 1H New York City, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Duplex loft layout with approximately 1,950 square feet; Main‑level ceilings reach approximately 12 feet; Two bedrooms, two levels, and two full bathrooms
