Updated Residential Income
For Sale
$815,000
Pending
635 W 42ND Street 7A, New York City, NY 10036
Seventh-floor residence with Hudson River views and an updated full bathroom.
Property Size780 SF
Days on Market458
Property Features for 635 W 42ND Street 7A
General Information
Standard status
Pending
Size
780 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$15,528
Building Details
Building Size
780 SF
Year Built
2007
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Lenasimpson
Added: Jul 9, 2025
Changed: Oct 3
Last Checked: Oct 7 at 4:30PM
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 ISLAND ADVANTAGE REALTY LLC
Investment Insights
Based on property information with market context.
This seventh-floor residential income property is identified as Unit 7A and was built in 2007. Interior improvements include a new kitchen with appliances, new flooring, and an updated full bathroom. The residence also offers views toward the Hudson River. The property is located at 635 W 42ND Street in New York City.
Key Highlights
- Seventh‑floor Unit 7A
- Hudson River views
- New kitchen and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,404
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,080
$488.1K
Cap Rate 7%
$348,629
$348.6K
Cap Rate 9%
$271,156
$271.2K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$46.7K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$44.4K $56.89/SF
− OpEx
−$20.0K −$25.60/SF
NOI
$24.4K $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%
$488,080
Cap Rate 7%
$348,629
Cap Rate 9%
$271,156
Alternative Uses
Best Use
Apartment 5plus
$348.6K
$305.1K – $406.7K
NOI $24,404 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.27M
NOI $135,907 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,747
Businesses Nearby
Explore this area
Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Seventh-floor residence with Hudson River views and an updated full bathroom.
Where is this residential income property located?
The property is located at 635 W 42ND Street 7A New York City, NY.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Seventh‑floor Unit 7A; Hudson River views; New kitchen and appliances
