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5-Unit Apartment Building
For Sale
$1,150,000

487 E 93rd St, New York, NY 10128

A two-story walk-up includes four apartments, a legal three-bedroom basement residence, and a private backyard.

Property SizeContact for details
Lot Size0.07 Acres
Days on Market197

Property Features for 487 E 93rd St

General Information

Standard status Active
Lot size 0.07 Acres
Property subtype Residential Income
Net Operating Income $99,361

Financials

Cap Rate 8%
Gross Income $122,748

Site & Location

Neighborhood Brownsville

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $11,409

Amenities

private backyard

Building Details

Stories 2
Listing Agency: Exit Realty First Choice
Listed By: Steven S. Benshabat · License #KEY144530
Source: Exprealty
Added: Apr 13 Changed: Oct 25 Last Checked: Oct 24 at 7:56PM

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 Exit Realty First Choice

Rey
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Investment Insights

Based on property information with market context.

This five-unit apartment property is arranged as a two-story walk-up, with four separate apartments and a legal three-bedroom unit in the basement. The building also has a private backyard. Improvements include a recently installed roof, a new boiler, and plumbing work throughout the building.

The property is at 487 E 93rd St in New York, NY. Its lot measures 30 × 100 feet, and the units are described as free-market rentals. The listed apartment leases expire in March 2026; the basement residence is identified as vacant.

Key Highlights

  • Five units: four apartments plus a legal three‑bedroom basement residence
  • Two‑story walk‑up
  • 30 × 100‑foot lot

Property Analytics

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,989
Businesses Nearby

Demographics for 10128, NY

64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A two-story walk-up includes four apartments, a legal three-bedroom basement residence, and a private backyard.
Where is this apartment building located?
The property is located at 487 E 93rd St New York, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Five units: four apartments plus a legal three‑bedroom basement residence; Two‑story walk‑up; 30 × 100‑foot lot
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