Updated Duplex Residential
For Sale
$2,999,950
530 E 76th Street Unit #34/35 New York, Manhattan, NY 10021
Full-service condominium duplex with flexible living areas, a new kitchen, and updated bathrooms.
Property Size2,930 SF
Price / SF$1,023
Days on Market12
Property Features for 530 E 76th Street Unit #34/35 New York
General Information
Standard status
Active
Size
2,930 SF
Property subtype
Commercial
Units
Unit Mix
1 x 3BR/3.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$54,680
Amenities
24-hour doorman and concierge
state-of-the-art fitness center
heated rooftop swimming pool
rooftop sun deck
children's playroom
Building Details
Year Built
1986
Stories
38
Listing Agency:
Island Advantage Realty LLC
(347) 465-4457
Listed By:
Todd A. Yovino (todd@iarny.com)
(516) 807-4315
Source:
Harmonyhomesrealtyny
Added: Aug 25
Changed: Aug 28
Last Checked: Sep 5 at 8:25AM
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 Island Advantage Realty LLC
Investment Insights
Based on property information with market context.
This updated duplex residence offers approximately 2,930 square feet with three bedrooms, 3.5 bathrooms, and a layout designed for both daily living and entertaining. The home includes generous living and dining areas, a new kitchen, updated bathrooms, and adaptable space for guests, home offices, or multigenerational living. The property is located within The Promenade, a full-service condominium completed in 1986.
Building amenities include a 24-hour doorman and concierge, fitness center, heated rooftop swimming pool, rooftop sun deck, children's playroom, and maintained common areas. The residence is at 530 E 76th Street, Unit #34/35, in Manhattan's Upper East Side, near the East River Esplanade, John Jay Park, dining, boutique shopping, museums, and transportation.
Building amenities include a 24-hour doorman and concierge, fitness center, heated rooftop swimming pool, rooftop sun deck, children's playroom, and maintained common areas. The residence is at 530 E 76th Street, Unit #34/35, in Manhattan's Upper East Side, near the East River Esplanade, John Jay Park, dining, boutique shopping, museums, and transportation.
Key Highlights
- Approximately 2,930 square feet with three bedrooms and 3.5 bathrooms
- Duplex layout with spacious living and dining areas
- New kitchen and updated bathrooms
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
$91,672
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
3.06%
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%
$1,833,440
$1.8M
Cap Rate 7%
$1,309,600
$1.3M
Cap Rate 9%
$1,018,578
$1.0M
Market Conditions
NOI Build-Up for 2,930 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
$175.4K $59.88/SF
− Vacancy
−$8.8K −$2.99/SF
EGI
$166.7K $56.89/SF
− OpEx
−$75.0K −$25.60/SF
NOI
$91.7K $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%
$1,833,440
Cap Rate 7%
$1,309,600
Cap Rate 9%
$1,018,578
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,672 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.29M
$6.38M – $8.51M
NOI $510,523 @ 7.0% cap · market cap 17.02%
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
23,343
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Full-service condominium duplex with flexible living areas, a new kitchen, and updated bathrooms.
Where is this residential income property located?
The property is located at 530 E 76th Street Unit #34/35 New York Manhattan, NY.
What is the asking price?
The asking price for this property is $2,999,950.
What are key features of this property?
This property features: Approximately 2,930 square feet with three bedrooms and 3.5 bathrooms; Duplex layout with spacious living and dining areas; New kitchen and updated bathrooms
