Residential Income Property with Hardwood
For Sale
$295,000
524 W 152ND Street 10, New York City, NY 10031
Two-bedroom HDFC co-op apartment on the third floor of a walk-up building with storage and access to multiple transit options.
Property Size675 SF
Price / SF$437.04
Days on Market158
Property Features for 524 W 152ND Street 10
General Information
Standard status
Active
Size
675 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Amenities
live-in super
Runwise smart boiler system
Building Details
Building Size
675 SF
Year Built
1900
Listing Agency:
Corcoran Group
(347) 720-9178
Listed By:
Caitlyn Arianna Santander · License #10401353493 (NY)
(347) 720-9178
Source:
Miradorrealestate
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 15 at 1:01PM
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 two-bedroom HDFC co-op apartment occupies the third floor of a walk-up building constructed in 1900. The approximately 675-square-foot layout includes hardwood floors and abundant storage, with renovation needed to customize the living space. The building has a live-in superintendent and a Runwise smart boiler system.
The property is near subway service on the 1 and C lines, Broadway bus routes, the BX6, and the West Side Highway via 158th Street. Riverbank State Park and Highbridge Park are also nearby. HDFC ownership requirements include primary-residence use and income eligibility tied to 165% of the 2025 Area Median Income. Pets are not permitted, and showings are available by appointment.
The property is near subway service on the 1 and C lines, Broadway bus routes, the BX6, and the West Side Highway via 158th Street. Riverbank State Park and Highbridge Park are also nearby. HDFC ownership requirements include primary-residence use and income eligibility tied to 165% of the 2025 Area Median Income. Pets are not permitted, and showings are available by appointment.
Key Highlights
- Two‑bedroom HDFC co‑op apartment with approximately 675 square feet
- Third‑floor unit in a walk‑up building constructed in 1900
- Hardwood floors and abundant storage space
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
$21,119
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
7.16%
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%
$422,380
$422.4K
Cap Rate 7%
$301,700
$301.7K
Cap Rate 9%
$234,656
$234.7K
Market Conditions
NOI Build-Up for 675 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
$40.4K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$38.4K $56.89/SF
− OpEx
−$17.3K −$25.60/SF
NOI
$21.1K $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%
$422,380
Cap Rate 7%
$301,700
Cap Rate 9%
$234,656
Alternative Uses
Best Use
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,119 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,612 @ 7.0% cap · market cap 39.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,563
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 HDFC co-op apartment on the third floor of a walk-up building with storage and access to multiple transit options.
Where is this residential income property located?
The property is located at 524 W 152ND Street 10 New York City, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑bedroom HDFC co‑op apartment with approximately 675 square feet; Third‑floor unit in a walk‑up building constructed in 1900; Hardwood floors and abundant storage space
