Duplex Residential Income
For Sale
$1,395,000
416 W 52ND Street TH215, New York City, NY 10019
Pre-war property combines two-level living with deeded storage and extensive shared amenities.
Property Size1,310 SF
Price / SF$1,064
Days on Market163
Property Features for 416 W 52ND Street TH215
General Information
Standard status
Active
Size
1,310 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Amenities
business center
lounge
roof deck
playroom
gym
spin room
yoga room
courtyard
wine cellar
dining room
bike
concierge
Building Details
Building Size
1,310 SF
Year Built
1940
Year Renovated
2015
Listing Agency:
Corcoran Group
(917) 742-9557
Listed By:
Mary Aurora Venezia · License #30VE1010293 (NY)
(917) 742-9557
Source:
Miradorrealestate
Added: Feb 28
Changed: Aug 5
Last Checked: Aug 10 at 9:48AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This duplex condominium occupies two levels within a low-rise pre-war building that was gut renovated and modernized in 2015. The residence offers 1,209 sf of living space, a 100 sf deeded storage room, 10" high ceilings, wood flooring, and south-facing oversized noise-reduction windows. The upper floor includes an open kitchen, dining and living area, bedroom, and full bath. A lower-level bonus room has its own en-suite bathroom, while a separate laundry room includes a washer and dryer.
Building amenities at Nine52 include a business center with workstations and meeting rooms, lounge, roof deck, playroom, gym, spin and yoga rooms, courtyard, wine cellar cabinets, building bicycles, and full-time concierge service. The pet-friendly property is positioned near parks, dining, shopping, Broadway theater, dance, opera, music, and public transportation in Hell's Kitchen.
Building amenities at Nine52 include a business center with workstations and meeting rooms, lounge, roof deck, playroom, gym, spin and yoga rooms, courtyard, wine cellar cabinets, building bicycles, and full-time concierge service. The pet-friendly property is positioned near parks, dining, shopping, Broadway theater, dance, opera, music, and public transportation in Hell's Kitchen.
Key Highlights
- 1,209 sf of living space with an additional 100 sf deeded storage room
- Duplex layout with bedroom, bonus room, two full bathrooms, and separate laundry room
- Gut renovation and modernization completed in 2015
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
$40,986
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
2.94%
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%
$819,720
$819.7K
Cap Rate 7%
$585,514
$585.5K
Cap Rate 9%
$455,400
$455.4K
Market Conditions
NOI Build-Up for 1,310 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
$78.4K $59.88/SF
− Vacancy
−$3.9K −$2.99/SF
EGI
$74.5K $56.89/SF
− OpEx
−$33.5K −$25.60/SF
NOI
$41.0K $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%
$819,720
Cap Rate 7%
$585,514
Cap Rate 9%
$455,400
Alternative Uses
Best Use
Apartment 5plus
$585.5K
$512.3K – $683.1K
NOI $40,986 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $228,254 @ 7.0% cap · market cap 16.36%
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
2,884
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
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 - Pre-war property combines two-level living with deeded storage and extensive shared amenities.
Where is this residential income property located?
The property is located at 416 W 52ND Street TH215 New York City, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 1,209 sf of living space with an additional 100 sf deeded storage room; Duplex layout with bedroom, bonus room, two full bathrooms, and separate laundry room; Gut renovation and modernization completed in 2015
