Updated Residential Income
For Sale
$348,000
425 E 78TH Street 4D, New York City, NY 10075
Upper East Side studio with prewar character, renovated finishes, and cooperative building amenities.
Property Size485 SF
Price / SF$717.53
Days on Market13
Property Features for 425 E 78TH Street 4D
General Information
Standard status
Active
Size
485 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
live-in superintendent
laundry room
landscaped garden
Building Details
Building Size
485 SF
Year Built
1910
Listing Agency:
Next Stop NY
(914) 489-1450
Listed By:
Jeffrey Cohen
(914) 489-1450
Source:
Miradorrealestate
Added: Aug 12
Changed: Aug 23
Last Checked: Aug 24 at 12:35PM
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 Next Stop NY
Investment Insights
Based on property information with market context.
Apartment 4D is a north-facing studio in a prewar cooperative completed in 1910. The 485-square-foot residence includes a step-down living area, high ceilings, hardwood floors, a renovated kitchen with quartz countertops and stainless-steel appliances, and a refreshed bathroom with a soaking tub. The apartment is located on the fourth floor and is served by an elevator.
Building amenities include a live-in superintendent, laundry room, and landscaped residents’ garden. The property is situated between First and York Avenues in Manhattan’s Upper East Side, near restaurants, shopping, parks, the East River, and transportation. Pets up to 25 pounds are permitted. Board review applies to pied-à-terre purchases, co-purchasing, parental purchasing, gifting, guarantors, and subletting arrangements. Subletting is allowed after two years of owner occupancy, subject to a minimum one-year lease and a maximum of three out of every five years.
Building amenities include a live-in superintendent, laundry room, and landscaped residents’ garden. The property is situated between First and York Avenues in Manhattan’s Upper East Side, near restaurants, shopping, parks, the East River, and transportation. Pets up to 25 pounds are permitted. Board review applies to pied-à-terre purchases, co-purchasing, parental purchasing, gifting, guarantors, and subletting arrangements. Subletting is allowed after two years of owner occupancy, subject to a minimum one-year lease and a maximum of three out of every five years.
Key Highlights
- 485 SF north‑facing studio at 425 E 78TH Street 4D
- Prewar cooperative built in 1910 with elevator service
- Step‑down living area, high ceilings, and hardwood floors
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
$15,174
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
4.36%
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%
$303,480
$303.5K
Cap Rate 7%
$216,771
$216.8K
Cap Rate 9%
$168,600
$168.6K
Market Conditions
NOI Build-Up for 485 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
$29.0K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$27.6K $56.89/SF
− OpEx
−$12.4K −$25.60/SF
NOI
$15.2K $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%
$303,480
Cap Rate 7%
$216,771
Cap Rate 9%
$168,600
Alternative Uses
Best Use
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,174 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,506 @ 7.0% cap · market cap 24.28%
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
20,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 10075, NY
27,796
Population
16,415
Households
1.7
Avg Household Size
41
Median Age
85%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
138,980
Density / Sq Mi
$146,556
Median Household Income
$112,549
Median Earnings
$2,390
Median Rent
$1,097,800
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 - Upper East Side studio with prewar character, renovated finishes, and cooperative building amenities.
Where is this residential income property located?
The property is located at 425 E 78TH Street 4D New York City, NY.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: 485 SF north‑facing studio at 425 E 78TH Street 4D; Prewar cooperative built in 1910 with elevator service; Step‑down living area, high ceilings, and hardwood floors
