High-Floor 1-Bedroom Multifamily
For Sale
$490,000
448 W 167TH Street 3D, New York City, NY 10032
High-floor 1-bedroom with floor-to-ceiling windows, central air, and in-unit washer/dryer inside The Highbridge.
Property Size450 SF
Price / SF$1,088
Days on Market156
Property Features for 448 W 167TH Street 3D
General Information
Standard status
Active
Size
450 SF
Elevators
Yes
Property subtype
Apartment
Occupancy
100%
Financials
Gross Income
$32,400
Average Monthly Rent
$2,700
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
floor-to-ceiling windows
stainless appliances
dishwasher
washer/dryer in unit
central air conditioning
package room
video intercom
free private storage locker
free bike room
small workout gym
shared roof deck
Building Details
Building Size
450 SF
Year Built
2018
Stories
8
Tenancy
Single
Listing Agency:
Ann Ferguson LLC
(212) 580-3180
Listed By:
Ram Yariv
(212) 580-3180
Source:
Howardhannanyc
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 10 at 9:13AM
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 Ann Ferguson LLC
Investment Insights
Based on property information with market context.
Come home to a light-filled 1-bedroom, 1-bath high-floor residence in The Highbridge, Washington Heights’ new luxury community built in 2018. The home features a northeast-facing living/dining and bedroom with floor-to-ceiling windows, a kitchen with stainless appliances (including a dishwasher), and in-unit washer/dryer. Central air conditioning is included.
The Highbridge offers an elevator serving 8 floors, with 39 studio, 1- and 2-bedroom residences. Building conveniences include a lobby package room with refrigerator, video intercom, a shared roof deck with panoramic city and park views, and a free private storage locker (also noted as including bike room and a small workout gym).
The current residence is listed as leased through the end of January 2027. A 15-year tax abatement is noted as starting in 2018–2019.
The Highbridge offers an elevator serving 8 floors, with 39 studio, 1- and 2-bedroom residences. Building conveniences include a lobby package room with refrigerator, video intercom, a shared roof deck with panoramic city and park views, and a free private storage locker (also noted as including bike room and a small workout gym).
The current residence is listed as leased through the end of January 2027. A 15-year tax abatement is noted as starting in 2018–2019.
Key Highlights
- High‑floor 1‑bedroom, 1‑bath with northeast‑facing floor‑to‑ceiling windows
- Central air conditioning plus washer/dryer in the unit
- Kitchen with stainless appliances including a dishwasher
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
$14,079
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
2.87%
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%
$281,580
$281.6K
Cap Rate 7%
$201,129
$201.1K
Cap Rate 9%
$156,433
$156.4K
Market Conditions
NOI Build-Up for 450 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
$26.9K $59.88/SF
− Vacancy
−$1.3K −$2.99/SF
EGI
$25.6K $56.89/SF
− OpEx
−$11.5K −$25.60/SF
NOI
$14.1K $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%
$281,580
Cap Rate 7%
$201,129
Cap Rate 9%
$156,433
Alternative Uses
Best Use
Apartment 5plus
$201.1K
$176.0K – $234.7K
NOI $14,079 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$980.1K – $1.31M
NOI $78,408 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,260
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - High-floor 1-bedroom with floor-to-ceiling windows, central air, and in-unit washer/dryer inside The Highbridge.
Where is this multifamily property located?
The property is located at 448 W 167TH Street 3D New York City, NY.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: High‑floor 1‑bedroom, 1‑bath with northeast‑facing floor‑to‑ceiling windows; Central air conditioning plus washer/dryer in the unit; Kitchen with stainless appliances including a dishwasher
