Residential Income Property with Roof
For Sale
$895,000
479 W 152nd Street 4B, New York City, NY 10031
Three-bedroom condominium with two full baths, hardwood floors, custom storage, and in-unit laundry.
Property Size1,021 SF
Price / SF$876.59
Days on Market112
Property Features for 479 W 152nd Street 4B
General Information
Standard status
Active
Size
1,021 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,500
Amenities
roof deck
virtual doorman
package room
super
in-unit washer/dryer
Building Details
Building Size
1,021 SF
Year Built
1920
Listing Agency:
Compass
(917) 607-0339
Listed By:
Amjad Pervez
(917) 607-0339
Source:
Miradorrealestate
Added: May 5
Changed: Aug 23
Last Checked: Aug 24 at 12:42PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,021-square-foot condominium occupies the fourth floor of Hamilton Park Condominium, a boutique building completed in 1920. The residence offers three bedrooms, two full bathrooms, nine windows with eastern and southern exposures, hardwood flooring, customized closets, and an in-unit washer and dryer. Views extend toward the landscaped Hope Community Garden, while the layout combines defined living areas with practical storage and utility features.
Building amenities include a roof deck, virtual doorman, package room, and super. The property is pet-friendly and retains a J-51 tax abatement. Located in the Hamilton Heights/Sugar Hill Historic District, the condominium is near retail and restaurants along Amsterdam Avenue and Broadway. The A, B, C, and D lines are available on St. Nicholas Avenue, with the C train a few blocks away; Riverside Park is also nearby along the Hudson River.
Building amenities include a roof deck, virtual doorman, package room, and super. The property is pet-friendly and retains a J-51 tax abatement. Located in the Hamilton Heights/Sugar Hill Historic District, the condominium is near retail and restaurants along Amsterdam Avenue and Broadway. The A, B, C, and D lines are available on St. Nicholas Avenue, with the C train a few blocks away; Riverside Park is also nearby along the Hudson River.
Key Highlights
- 1,021‑square‑foot condominium in Hamilton Park Condominium
- Three bedrooms and two full bathrooms
- Nine windows with eastern and southern exposures
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
$31,944
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
3.57%
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%
$638,880
$638.9K
Cap Rate 7%
$456,343
$456.3K
Cap Rate 9%
$354,933
$354.9K
Market Conditions
NOI Build-Up for 1,021 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
$61.1K $59.88/SF
− Vacancy
−$3.1K −$2.99/SF
EGI
$58.1K $56.89/SF
− OpEx
−$26.1K −$25.60/SF
NOI
$31.9K $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 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%
$638,880
Cap Rate 7%
$456,343
Cap Rate 9%
$354,933
Alternative Uses
Best Use
Apartment 5plus
$456.3K
$399.3K – $532.4K
NOI $31,944 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,899 @ 7.0% cap · market cap 19.88%
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
5,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 10031, NY
56,363
Population
24,110
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
79%
High-School Grad
0.7 sq mi
ZIP Area
80,519
Density / Sq Mi
$65,067
Median Household Income
$41,149
Median Earnings
$1,787
Median Rent
$678,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with two full baths, hardwood floors, custom storage, and in-unit laundry.
Where is this residential income property located?
The property is located at 479 W 152nd Street 4B New York City, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 1,021‑square‑foot condominium in Hamilton Park Condominium; Three bedrooms and two full bathrooms; Nine windows with eastern and southern exposures
