Residential Income Property with
535 E 86TH Street 10C, Manhattan, NY 10028
For Sale
$2,495,000
Pending
A renovated three-bedroom residence offers a flexible dining room, updated kitchen and full-service cooperative amenities.
Property Size2,307 SF
Days on Market31
Property Features for 535 E 86TH Street 10C
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
full time doorman
live-in resident manager
gym
storage
bike room
additional laundry facilities
garage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Victoria Vinokur
(212) 712-1168
Source:
Carytamura
Added: Oct 10
Changed: Nov 8
Last Checked: Nov 8 at 12:46PM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
Apartment 10C is a renovated 2,307-square-foot residence with three bedrooms and three full bathrooms. The layout includes a gallery foyer, a south-facing living room and a formal dining room that can serve as a fourth bedroom. The dining area opens to a 145-square-foot balcony. Interior features include custom moldings, recessed lighting, espresso-stained floors, fitted closets and updated HVAC units. The windowed kitchen has natural maple cabinetry, quartz counters, a farmhouse sink and Thermador appliances, including a six-burner range. A washer and dryer hookup is also in place. Two bathrooms have glass-enclosed showers; the third has a tub.
The Henderson House is a full-service cooperative with a doorman, resident manager, gym, storage, bike room, additional laundry facilities and an in-building garage. Pets are welcome. Carl Schurz Park, the East River Promenade and Asphalt Green are nearby, as are the Second Avenue subway, crosstown buses and ferry service. The building permits 65% financing and has no flip tax.
The Henderson House is a full-service cooperative with a doorman, resident manager, gym, storage, bike room, additional laundry facilities and an in-building garage. Pets are welcome. Carl Schurz Park, the East River Promenade and Asphalt Green are nearby, as are the Second Avenue subway, crosstown buses and ferry service. The building permits 65% financing and has no flip tax.
Key Highlights
- 2,307‑square‑foot residence with three bedrooms and three full bathrooms
- 145‑square‑foot balcony off the formal dining room
- Windowed kitchen with Thermador appliances and six‑burner range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,180
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,443,600
$1.4M
Cap Rate 7%
$1,031,143
$1.0M
Cap Rate 9%
$802,000
$802.0K
Market Conditions
NOI Build-Up for 2,307 SF
Gross rent
$138.1K $59.88/SF
− Vacancy
−$6.9K −$2.99/SF
EGI
$131.2K $56.89/SF
− OpEx
−$59.1K −$25.60/SF
NOI
$72.2K $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%
$1,443,600
Cap Rate 7%
$1,031,143
Cap Rate 9%
$802,000
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$902.3K – $1.20M
NOI $72,180 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,901 @ 7.0% cap · market cap 4.53%
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
4,298
Businesses Nearby
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Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
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Market
Average Price Trend$/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 renovated three-bedroom residence offers a flexible dining room, updated kitchen and full-service cooperative amenities.
Where is this residential income property located?
The property is located at 535 E 86TH Street 10C Manhattan, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 2,307‑square‑foot residence with three bedrooms and three full bathrooms; 145‑square‑foot balcony off the formal dining room; Windowed kitchen with Thermador appliances and six‑burner range
