Residential Property in New
For Sale
$431,940
575 Main Street 711, New York City, NY 10044
Residential property for sale in New York, NY.
Property Size596 SF
Days on Market326
Property Features for 575 Main Street 711
General Information
Standard status
Active
Size
596 SF
Property subtype
Apartment
Building Details
Building Size
596 SF
Year Built
1975
Listing Agency:
Compass
Listed By:
Abu-Faraj Adib Mansour
(646) 283-4973
Source:
Serhant
Added: Nov 27, 2025
Changed: Oct 17
Last Checked: Oct 16 at 4:13PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A residential property is available for sale. The list price is $460,000.
Key Highlights
- Year Built: 1975
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,647
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,940
$372.9K
Cap Rate 7%
$266,386
$266.4K
Cap Rate 9%
$207,189
$207.2K
Market Conditions
NOI Build-Up for 596 SF
Gross rent
$35.7K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$33.9K $56.89/SF
− OpEx
−$15.3K −$25.60/SF
NOI
$18.6K $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%
$372,940
Cap Rate 7%
$266,386
Cap Rate 9%
$207,189
Alternative Uses
Best Use
Apartment 5plus
$266.4K
$233.1K – $310.8K
NOI $18,647 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,847 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 10044, NY
11,722
Population
6,004
Households
2
Avg Household Size
36
Median Age
72%
College-Educated
94%
High-School Grad
0.2 sq mi
ZIP Area
58,610
Density / Sq Mi
$106,146
Median Household Income
$83,736
Median Earnings
$3,305
Median Rent
$1,041,300
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
Frequently Asked Questions
What type of property is this?
Apartment building - Residential property for sale in New York, NY.
Where is this apartment building located?
The property is located at 575 Main Street 711 New York City, NY.
What is the asking price?
The asking price for this property is $431,940.
What are key features of this property?
This property features: Year Built: 1975; Price: $11
