Residential Income Property in New
For Sale
$3,550,000
428 W 44TH St, New York, NY 10036
Residential income property for sale in New York, NY.
Property Size4,032 SF
Lot Size0.05 Acres
Days on Market313
Property Features for 428 W 44TH St
General Information
Standard status
Active
Size
4,032 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$52,644
Building Details
Building Size
4,032 SF
Year Built
1901
Units
6
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Gregory Klein
(212) 452-6243
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 30
Last Checked: Oct 5 at 7:42PM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
A residential income property is available for sale. The list price is $4,050,000.
Key Highlights
- Year Built: 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,150
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,000
$2.5M
Cap Rate 7%
$1,802,143
$1.8M
Cap Rate 9%
$1,401,667
$1.4M
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$241.4K $59.88/SF
− Vacancy
−$12.1K −$2.99/SF
EGI
$229.4K $56.89/SF
− OpEx
−$103.2K −$25.60/SF
NOI
$126.2K $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 Rate 5%
$2,523,000
Cap Rate 7%
$1,802,143
Cap Rate 9%
$1,401,667
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.58M – $2.10M
NOI $126,150 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.04M
$8.78M – $11.71M
NOI $702,536 @ 7.0% cap · market cap 19.79%
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
38,587
Businesses Nearby
Explore this area
Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
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?
Multifamily property - Residential income property for sale in New York, NY.
Where is this multifamily property located?
The property is located at 428 W 44TH St New York, NY.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Year Built: 1901
