Residential Income Property with
531 E 72nd Street 5B, Manhattan, NY 10021
For Sale
$499,000
A fifth-floor cooperative residence offers a separate dining alcove, south-facing bedroom, and full-time resident manager.
Property Size620 SF
Price / SF$804.84
Days on Market29
Property Features for 531 E 72nd Street 5B
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
HOA Fee
Amenities
full-time resident manager
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Ugo Russino
(347) 701-9969
Source:
Carytamura
Added: Oct 12
Changed: Nov 3
Last Checked: Nov 8 at 11:58AM
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 fifth-floor cooperative residence has rooms with ceilings over nine feet and windows throughout. The living room includes built-in bookshelves, and a separate dining alcove creates a distinct area for meals. The south-facing bedroom is described as king-sized, and the building has a full-time resident manager. Access is by walk-up.
The property is at 531 E 72nd Street on a tree-lined cul-de-sac in Manhattan’s Upper East Side. The East River overlook is nearby.
The property is at 531 E 72nd Street on a tree-lined cul-de-sac in Manhattan’s Upper East Side. The East River overlook is nearby.
Key Highlights
- Built in 1910
- Fifth‑floor walk‑up
- Ceilings over nine feet high
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,398
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,960
$388.0K
Cap Rate 7%
$277,114
$277.1K
Cap Rate 9%
$215,533
$215.5K
Market Conditions
NOI Build-Up for 620 SF
Gross rent
$37.1K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$35.3K $56.89/SF
− OpEx
−$15.9K −$25.60/SF
NOI
$19.4K $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%
$387,960
Cap Rate 7%
$277,114
Cap Rate 9%
$215,533
Alternative Uses
Best Use
Apartment 5plus
$277.1K
$242.5K – $323.3K
NOI $19,398 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.5K
$379.3K – $505.7K
NOI $30,342 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
$1,529,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - A fifth-floor cooperative residence offers a separate dining alcove, south-facing bedroom, and full-time resident manager.
Where is this residential income property located?
The property is located at 531 E 72nd Street 5B Manhattan, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Built in 1910; Fifth‑floor walk‑up; Ceilings over nine feet high
