Two-Bedroom Residential
For Sale
$849,000
510 E 80TH Street 2C, New York City, NY 10075
A converted residence pairs separate dining space with two full bathrooms and access to a landscaped roof deck.
Property Size900 SF
Price / SF$943.33
Days on Market23
Property Features for 510 E 80TH Street 2C
General Information
Standard status
Active
Size
900 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
opportunity to update and personalize over time
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$14,952
Amenities
24-hour doorman
live-in superintendent
landscaped roof deck
central laundry
bike room
garage parking
Building Details
Building Size
900 SF
Year Built
1986
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Marcos G Cohen
(212) 891-7149
Source:
Tricialee
Added: Sep 9
Changed: Sep 28
Last Checked: Oct 1 at 4:22PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Residence 2C is an approximately 900-square-foot Junior 4 configured with two bedrooms and two full bathrooms. Its layout includes a living area, a distinct dining space, and a kitchen with stainless steel appliances and ample cabinetry. The primary bedroom has an en suite bath, while the second bedroom can serve as guest space or an office. Natural light and treetop views are additional features. The residence may be updated over time, and pets and washer/dryers are permitted.
Building amenities include a 24-hour doorman, live-in superintendent, landscaped roof deck, central laundry, bike room, and garage parking. Nearby destinations include Carl Schurz Park, John Jay Park, the East River Promenade, restaurants, shops, and transportation options. The building was completed in 1986.
Building amenities include a 24-hour doorman, live-in superintendent, landscaped roof deck, central laundry, bike room, and garage parking. Nearby destinations include Carl Schurz Park, John Jay Park, the East River Promenade, restaurants, shops, and transportation options. The building was completed in 1986.
Key Highlights
- Approximately 900‑square‑foot residence arranged as two bedrooms and two full bathrooms
- Junior 4 layout includes separate dining space and a kitchen with stainless steel appliances
- Primary bedroom has an en suite bathroom
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
$28,159
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
3.32%
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%
$563,180
$563.2K
Cap Rate 7%
$402,271
$402.3K
Cap Rate 9%
$312,878
$312.9K
Market Conditions
NOI Build-Up for 900 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
$53.9K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.2K $56.89/SF
− OpEx
−$23.0K −$25.60/SF
NOI
$28.2K $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 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%
$563,180
Cap Rate 7%
$402,271
Cap Rate 9%
$312,878
Alternative Uses
Best Use
Apartment 5plus
$402.3K
$352.0K – $469.3K
NOI $28,159 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,816 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
21,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 10075, NY
27,796
Population
16,415
Households
1.7
Avg Household Size
41
Median Age
85%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
138,980
Density / Sq Mi
$146,556
Median Household Income
$112,549
Median Earnings
$2,390
Median Rent
$1,097,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A converted residence pairs separate dining space with two full bathrooms and access to a landscaped roof deck.
Where is this residential income property located?
The property is located at 510 E 80TH Street 2C New York City, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Approximately 900‑square‑foot residence arranged as two bedrooms and two full bathrooms; Junior 4 layout includes separate dining space and a kitchen with stainless steel appliances; Primary bedroom has an en suite bathroom
