Residential Income Property with River
530 E 72nd Street 3C, New York City, NY 10021
For Sale
$650,000
Pending
Bright junior four apartment with separate dining space, en-suite bedroom, and an additional half-bathroom.
Property Size1,020 SF
Days on Market60
Property Features for 530 E 72nd Street 3C
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Amenities
24-hour doorman
live-in super
storage
laundry room
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
James Hall
(917) 640-6406
Source:
Nobleblackandpartners
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 8 at 12:01PM
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 Compass
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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 / Yr
$31,913
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
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
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 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
Office A
$713.1K
$624.0K – $832.0K
NOI $49,917 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15,048
Businesses Nearby
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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
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Market
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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
