Renovated One-Bedroom Residential Income
For Sale
$595,000
523 E 84TH Street 3A, New York City, NY 10028
A renovated cooperative apartment offers south-facing living and bedroom spaces, a separate dining area, and building storage amenities.
Property Size700 SF
Price / SF$850
Days on Market8
Property Features for 523 E 84TH Street 3A
General Information
Standard status
Active
Size
700 SF
Property subtype
Apartment
Units
Unit Mix
1 x one-bedroom
Multifamily Units
1
Amenities
live-in resident manager
central laundry room
bike storage
storage cages
Building Details
Building Size
700 SF
Year Built
1910
Listing Agency:
Corcoran Group
Listed By:
Caitlin S Williams · License #40WI1163283 (NY)
(917) 747-7326
Source:
Nobleblackandpartners
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 21 at 5:53AM
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
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Investment Insights
Based on property information with market context.
This renovated one-bedroom cooperative apartment at 523 East 84th Street measures approximately 700 square feet, with ceilings nearly 9'6" high. The south-facing living room has oversized windows and built-in shelving, while a separate dining area seats four to five. The kitchen includes a Wolf range, marble counters, a breakfast bar, and cabinetry. The bedroom faces south, and the renovated marble bathroom has a new vanity. Closets are distributed throughout the apartment.
The boutique cooperative, built in 1910, is steps from Carl Schurz Park. Building amenities include a live-in resident manager, central laundry room, bike storage, and storage cages, subject to availability. The building permits pets, subletting, and financing of up to 80%.
The boutique cooperative, built in 1910, is steps from Carl Schurz Park. Building amenities include a live-in resident manager, central laundry room, bike storage, and storage cages, subject to availability. The building permits pets, subletting, and financing of up to 80%.
Key Highlights
- Approximately 700 square feet with ceilings nearly 9'6" high
- Renovated kitchen with Wolf range, marble countertops, breakfast bar, and cabinetry
- Separate dining area accommodates four to five
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,020
$438.0K
Cap Rate 7%
$312,871
$312.9K
Cap Rate 9%
$243,344
$243.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$41.9K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.8K $56.89/SF
− OpEx
−$17.9K −$25.60/SF
NOI
$21.9K $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 Rate 5%
$438,020
Cap Rate 7%
$312,871
Cap Rate 9%
$243,344
Alternative Uses
Best Use
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,901 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,968 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated cooperative apartment offers south-facing living and bedroom spaces, a separate dining area, and building storage amenities.
Where is this residential income property located?
The property is located at 523 E 84TH Street 3A New York City, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 700 square feet with ceilings nearly 9'6" high; Renovated kitchen with Wolf range, marble countertops, breakfast bar, and cabinetry; Separate dining area accommodates four to five
