Residential Income Property with
For Sale
$800,000
519 E 86th Street 1A, New York City, NY 10028
Elevated first-floor co-op residence with two ensuite bedrooms, updated windows, and deeded supplemental storage.
Property Size1,100 SF
Price / SF$727.27
Days on Market105
Property Features for 519 E 86th Street 1A
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
future kitchen and bath update
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
attended lobby
doorman
bike room
storage cage
live-in super
new wall-through A/C
new windows
Building Details
Building Size
1,100 SF
Year Built
1939
Listing Agency:
Corcoran Group
(347) 233-4676
Listed By:
Mary Smith
(347) 233-4676
Source:
Howardhannanyc
Added: May 12
Changed: Aug 24
Last Checked: Aug 24 at 2:58PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This 1,100-square-foot co-op residence occupies an elevated first-floor position in a 1939 pre-war building. The layout includes a foyer, living and dining areas, a windowed kitchen with modern appliances and dishwasher, two bedrooms, and two ensuite baths. The primary bedroom includes a dressing room and substantial closet space, while the second bedroom features built-in bookshelves. Multiple in-unit closets are complemented by a deeded storage unit. Updated windows and a new wall-through air-conditioning system are also in place.
Building features include a doorman from 4pm-12pm, a live-in superintendent, laundry permitted in the unit, a bike room, and pet permission. The property is located on East 86th Street in Manhattan’s Upper East Side, near Central Park, the Metropolitan Museum of Art, the Guggenheim, shopping, dining, and public transportation serving the Q and 4/5/6 trains.
Building features include a doorman from 4pm-12pm, a live-in superintendent, laundry permitted in the unit, a bike room, and pet permission. The property is located on East 86th Street in Manhattan’s Upper East Side, near Central Park, the Metropolitan Museum of Art, the Guggenheim, shopping, dining, and public transportation serving the Q and 4/5/6 trains.
Key Highlights
- 1,100‑square‑foot co‑op residence in a 1939 pre‑war building
- Two bedrooms with ensuite baths; primary bedroom includes a dressing room
- Deeded large storage cage conveys with the sale
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
$34,416
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
4.30%
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%
$688,320
$688.3K
Cap Rate 7%
$491,657
$491.7K
Cap Rate 9%
$382,400
$382.4K
Market Conditions
NOI Build-Up for 1,100 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
$65.9K $59.88/SF
− Vacancy
−$3.3K −$2.99/SF
EGI
$62.6K $56.89/SF
− OpEx
−$28.2K −$25.60/SF
NOI
$34.4K $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%
$688,320
Cap Rate 7%
$491,657
Cap Rate 9%
$382,400
Alternative Uses
Best Use
Apartment 5plus
$491.7K
$430.2K – $573.6K
NOI $34,416 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.19M
NOI $191,664 @ 7.0% cap · market cap 23.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
12,889
Businesses Nearby
Explore this area
Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Elevated first-floor co-op residence with two ensuite bedrooms, updated windows, and deeded supplemental storage.
Where is this residential income property located?
The property is located at 519 E 86th Street 1A New York City, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,100‑square‑foot co‑op residence in a 1939 pre‑war building; Two bedrooms with ensuite baths; primary bedroom includes a dressing room; Deeded large storage cage conveys with the sale
