Residential Income Property with River
For Sale
$650,000
530 E 72nd Street 3C, New York City, NY 10021
Bright junior four apartment with separate dining space, en-suite bedroom, and an additional half-bathroom.
Property Size1,020 SF
Price / SF$637.25
Days on Market14
Property Features for 530 E 72nd Street 3C
General Information
Standard status
Active
Size
1,020 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
blank canvas
Units
Unit Mix
1 x junior 4
Multifamily Units
1
Amenities
24-hour doorman
live-in super
storage
laundry room
Building Details
Building Size
1,020 SF
Year Built
1962
Listing Agency:
Compass
Listed By:
James Hall
(917) 640-6406
Source:
Nobleblackandpartners
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 22 at 11:30PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,020-square-foot junior four apartment offers a flexible layout with a generous living room, dedicated dining area beside the kitchen, and a well-proportioned bedroom with an en-suite bathroom. An additional half-bathroom adds functionality, while northeastern exposure brings natural light and views toward the East River. The residence is presented as a blank canvas for a new owner and permits in-unit washer and dryer installation with approval.
Built in 1962, 530 E 72nd Street is a full-service building with a 24-hour doorman, live-in superintendent, storage, laundry room, and parking garage. Garage spaces are subject to a wait list. Pied-à-terre, gifting, and co-purchasing are considered on a case-by-case basis. The property is located at the end of a secluded cul-de-sac in New York City.
Built in 1962, 530 E 72nd Street is a full-service building with a 24-hour doorman, live-in superintendent, storage, laundry room, and parking garage. Garage spaces are subject to a wait list. Pied-à-terre, gifting, and co-purchasing are considered on a case-by-case basis. The property is located at the end of a secluded cul-de-sac in New York City.
Key Highlights
- 1,020 SF junior four layout
- Living room with separate dining area adjacent to the kitchen
- Bedroom with en‑suite bathroom plus an additional half‑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
$31,913
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
4.91%
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%
$638,260
$638.3K
Cap Rate 7%
$455,900
$455.9K
Cap Rate 9%
$354,589
$354.6K
Market Conditions
NOI Build-Up for 1,020 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
$61.1K $59.88/SF
− Vacancy
−$3.1K −$2.99/SF
EGI
$58.0K $56.89/SF
− OpEx
−$26.1K −$25.60/SF
NOI
$31.9K $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 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%
$638,260
Cap Rate 7%
$455,900
Cap Rate 9%
$354,589
Alternative Uses
Best Use
Apartment 5plus
$455.9K
$398.9K – $531.9K
NOI $31,913 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,725 @ 7.0% cap · market cap 27.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Bright junior four apartment with separate dining space, en-suite bedroom, and an additional half-bathroom.
Where is this residential income property located?
The property is located at 530 E 72nd Street 3C New York City, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,020 SF junior four layout; Living room with separate dining area adjacent to the kitchen; Bedroom with en‑suite bathroom plus an additional half‑bathroom
