Renovated Residential Income
For Sale
$675,000
479 W 152nd Street 4C, New York City, NY 10031
Two-bedroom condominium residence with updated interiors, in-unit laundry, central climate control, and access to shared outdoor amenities.
Property Size715 SF
Price / SF$944.06
Days on Market95
Property Features for 479 W 152nd Street 4C
General Information
Standard status
Active
Size
715 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,716
Amenities
common roof terrace
electric gate
security system
Virtual Doorman
smart VIDEO intercom
package room
pets welcome
central AC/heating
in-unit washer/dryer
Building Details
Building Size
715 SF
Year Built
1920
Listing Agency:
Compass
(917) 721-9836
Listed By:
Karen D Shenker
(917) 721-9836
Source:
Howardhannanyc
Added: May 23
Changed: Aug 22
Last Checked: Aug 24 at 1:52PM
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 715-square-foot condominium residence offers two bedrooms and one-and-a-half bathrooms within a 1920 building. The interior has been renovated with an open kitchen, quartz countertops, stainless steel appliances, bamboo flooring, high ceilings, dual-pane soundproof windows, and new LED lighting. A washer and dryer are located in the unit, while central AC and heating provide climate control. The rear-facing position overlooks trees, and both bathrooms have been updated; the primary suite includes a walk-in closet and a stall shower with dual shower heads.
Aqueduct Court Condominium, also known as Hamilton Park, provides an elevator, secure package room, security system, virtual doorman, video intercom, full-time superintendent, managing agent, and a common roof terrace. The building is located at 479 W 152nd Street in New York City’s Hamilton Heights/Sugar Hill Historic District, near cafes, restaurants, subway lines A, C, B, D, and 1, and local bus service. Pets are welcome, and residents receive complimentary access to Convent Garden and Sugar Hill Hope Garden. A J51 tax abatement is in place.
Aqueduct Court Condominium, also known as Hamilton Park, provides an elevator, secure package room, security system, virtual doorman, video intercom, full-time superintendent, managing agent, and a common roof terrace. The building is located at 479 W 152nd Street in New York City’s Hamilton Heights/Sugar Hill Historic District, near cafes, restaurants, subway lines A, C, B, D, and 1, and local bus service. Pets are welcome, and residents receive complimentary access to Convent Garden and Sugar Hill Hope Garden. A J51 tax abatement is in place.
Key Highlights
- 715‑square‑foot condominium residence with 2 bedrooms and 1.5 bathrooms
- Renovated kitchen with quartz countertops and stainless steel appliances
- In‑unit washer/dryer, central AC and heating, bamboo floors, and soundproof windows
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
$22,370
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
3.31%
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%
$447,400
$447.4K
Cap Rate 7%
$319,571
$319.6K
Cap Rate 9%
$248,556
$248.6K
Market Conditions
NOI Build-Up for 715 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
$42.8K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$40.7K $56.89/SF
− OpEx
−$18.3K −$25.60/SF
NOI
$22.4K $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%
$447,400
Cap Rate 7%
$319,571
Cap Rate 9%
$248,556
Alternative Uses
Best Use
Apartment 5plus
$319.6K
$279.6K – $372.8K
NOI $22,370 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,582 @ 7.0% cap · market cap 18.46%
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 - Two-bedroom condominium residence with updated interiors, in-unit laundry, central climate control, and access to shared outdoor amenities.
Where is this residential income property located?
The property is located at 479 W 152nd Street 4C New York City, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 715‑square‑foot condominium residence with 2 bedrooms and 1.5 bathrooms; Renovated kitchen with quartz countertops and stainless steel appliances; In‑unit washer/dryer, central AC and heating, bamboo floors, and soundproof windows
