Residential Income Property For
For Sale
$430,000
Pending
551 W 160TH Street #5B, New York City, NY 10032
Residential income property available for purchase in New York.
Property Size858 SF
Days on Market548
Property Features for 551 W 160TH Street #5B
General Information
Standard status
Pending
Size
858 SF
Property subtype
Apartment
Building Details
Building Size
858 SF
Year Built
1907
Stories
5
Listing Agency:
Corcoran Group
Listed By:
Victoria Rong Kennedy
(917) 627-5003
Source:
Moravilla.kw
Added: Apr 12, 2025
Changed: Sep 4
Last Checked: Oct 9 at 4:49PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
A residential income property is available for sale. The list price is $499,999.
Key Highlights
- Year Built: 1907, offering historic charm.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,845
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,900
$536.9K
Cap Rate 7%
$383,500
$383.5K
Cap Rate 9%
$298,278
$298.3K
Market Conditions
NOI Build-Up for 858 SF
Gross rent
$51.4K $59.88/SF
− Vacancy
−$2.6K −$2.99/SF
EGI
$48.8K $56.89/SF
− OpEx
−$22.0K −$25.60/SF
NOI
$26.8K $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%
$536,900
Cap Rate 7%
$383,500
Cap Rate 9%
$298,278
Alternative Uses
Best Use
Apartment 5plus
$383.5K
$335.6K – $447.4K
NOI $26,845 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,498 @ 7.0% cap · market cap 34.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 10032, NY
55,170
Population
23,178
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
76%
High-School Grad
0.7 sq mi
ZIP Area
78,814
Density / Sq Mi
$56,588
Median Household Income
$40,755
Median Earnings
$1,546
Median Rent
$545,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property available for purchase in New York.
Where is this apartment building located?
The property is located at 551 W 160TH Street #5B New York City, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Year Built: 1907, offering historic charm.
