Residential Income Property with Windowed
571-579 Academy Street 3B, Manhattan, NY 10034
For Sale
$375,000
The open kitchen connects to a living area with room for seating and dining, while the bedroom includes a full wall of closets.
Property Size639 SF
Price / SF$586.85
Days on Market202
Property Features for 571-579 Academy Street 3B
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
pet-friendly
Building Details
Building Size
Year Built
Listing Agency:
Sothebys International Realty
Listed By:
Nicole A Ramos Beauchamp
(212) 606-4152
Source:
Dallien
Added: Apr 22
Changed: Nov 8
Last Checked: Nov 9 at 12:04PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This 639-square-foot condominium at 571-579 Academy Street includes a bedroom, an open kitchen with stainless steel appliances and storage, and a living area that can accommodate seating and a dining setup. Windows in both the kitchen and bathroom bring natural light into the unit. The building, constructed in 1925, has on-site laundry, a superintendent, and a pet-friendly policy.
The property is near Dyckman Street, West 207th Street, and Broadway shopping. Transit options include the Dyckman Street A express station, the 1 train at Dyckman, bus routes, and Citi Bike stations. The George Washington Bridge and Henry Hudson Parkway are also accessible from the area.
The property is near Dyckman Street, West 207th Street, and Broadway shopping. Transit options include the Dyckman Street A express station, the 1 train at Dyckman, bus routes, and Citi Bike stations. The George Washington Bridge and Henry Hudson Parkway are also accessible from the area.
Key Highlights
- 639‑square‑foot condominium in a building constructed in 1925
- Open kitchen with stainless steel appliances and storage
- Windows in the kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,993
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,860
$399.9K
Cap Rate 7%
$285,614
$285.6K
Cap Rate 9%
$222,144
$222.1K
Market Conditions
NOI Build-Up for 639 SF
Gross rent
$38.3K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$36.4K $56.89/SF
− OpEx
−$16.4K −$25.60/SF
NOI
$20.0K $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%
$399,860
Cap Rate 7%
$285,614
Cap Rate 9%
$222,144
Alternative Uses
Best Use
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,993 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.7K
$390.9K – $521.2K
NOI $31,272 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 10034, NY
36,778
Population
16,599
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
80%
High-School Grad
1.0 sq mi
ZIP Area
36,778
Density / Sq Mi
$69,786
Median Household Income
$47,553
Median Earnings
$1,621
Median Rent
$518,000
Median Home Value
Market
Average Price Trend$/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 - The open kitchen connects to a living area with room for seating and dining, while the bedroom includes a full wall of closets.
Where is this residential income property located?
The property is located at 571-579 Academy Street 3B Manhattan, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 639‑square‑foot condominium in a building constructed in 1925; Open kitchen with stainless steel appliances and storage; Windows in the kitchen and bathroom
