Edgecombe Ave Apartment For
For Sale
$529,000
409 Edgecombe Ave 7F, New York, NY 10032
Apartment building available for purchase in New York, NY.
Property Size1,275 SF
Days on Market316
Property Features for 409 Edgecombe Ave 7F
General Information
Standard status
Active
Size
1,275 SF
Property subtype
Residential
Building Details
Building Size
1,275 SF
Year Built
1917
Listed By:
Eileen Williams
(718) 514-3723
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 9 at 11:14PM
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 Eileen Williams
Investment Insights
Based on property information with market context.
An apartment building is available for sale. The list price is $529,000.
Key Highlights
- Year Built: 1917
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,891
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,820
$797.8K
Cap Rate 7%
$569,871
$569.9K
Cap Rate 9%
$443,233
$443.2K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$76.3K $59.88/SF
− Vacancy
−$3.8K −$2.99/SF
EGI
$72.5K $56.89/SF
− OpEx
−$32.6K −$25.60/SF
NOI
$39.9K $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%
$797,820
Cap Rate 7%
$569,871
Cap Rate 9%
$443,233
Alternative Uses
Best Use
Apartment 5plus
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.17M
$2.78M – $3.70M
NOI $222,156 @ 7.0% cap · market cap 42.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 10032, NY
55,170
Population
23,178
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
76%
High-School Grad
0.7 sq mi
ZIP Area
78,814
Density / Sq Mi
$56,588
Median Household Income
$40,755
Median Earnings
$1,546
Median Rent
$545,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building available for purchase in New York, NY.
Where is this apartment building located?
The property is located at 409 Edgecombe Ave 7F New York, NY.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Year Built: 1917
