Residential Income Property with
668 Riverside Drive 4E, Manhattan, NY 10031
For Sale
$499,000
One-bedroom condominium residence with renovated kitchen, abundant storage, and elevator building amenities.
Property Size726 SF
Days on Market88
Property Features for 668 Riverside Drive 4E
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
live-in superintendent
video entry system
on-site laundry
pet-friendly
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Beth Renee Gittleman
(646) 408-7785
Source:
Serhant
Added: Aug 14
Changed: Nov 8
Last Checked: Nov 8 at 12:09PM
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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Investment Insights
Based on property information with market context.
Residence 4E at 668 Riverside Drive Condominiums is a one-bedroom condominium in a classic prewar building completed in 1907. The home features high ceilings, a defined entry foyer, a walk-in closet, additional living room storage, and an open living and dining area. Its renovated kitchen includes stainless steel appliances and a gas range, while the king-sized bedroom has multiple windows and open street views. A windowed bathroom completes the layout.
Building amenities include an elevator, live-in superintendent, video entry system, on-site laundry, and pet-friendly policies. The property is in Hamilton Heights along Riverside Drive, less than two blocks from the 145th Street subway station and directly across from Riverbank State Park. The Hudson River Greenway, neighborhood restaurants, cafes, and local shopping are also nearby.
Building amenities include an elevator, live-in superintendent, video entry system, on-site laundry, and pet-friendly policies. The property is in Hamilton Heights along Riverside Drive, less than two blocks from the 145th Street subway station and directly across from Riverbank State Park. The Hudson River Greenway, neighborhood restaurants, cafes, and local shopping are also nearby.
Key Highlights
- Oversized one‑bedroom condominium with high ceilings
- Renovated kitchen with stainless steel appliances and gas range
- Entry foyer with walk‑in closet plus additional living room closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,715
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,300
$454.3K
Cap Rate 7%
$324,500
$324.5K
Cap Rate 9%
$252,389
$252.4K
Market Conditions
NOI Build-Up for 726 SF
Gross rent
$43.5K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$41.3K $56.89/SF
− OpEx
−$18.6K −$25.60/SF
NOI
$22.7K $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%
$454,300
Cap Rate 7%
$324,500
Cap Rate 9%
$252,389
Alternative Uses
Best Use
Apartment 5plus
$324.5K
$283.9K – $378.6K
NOI $22,715 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.6K
$444.1K – $592.2K
NOI $35,529 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 10031, NY
56,363
Population
24,110
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
79%
High-School Grad
0.7 sq mi
ZIP Area
80,519
Density / Sq Mi
$65,067
Median Household Income
$41,149
Median Earnings
$1,787
Median Rent
$678,000
Median Home Value
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Market
Average Price Trend$/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 - One-bedroom condominium residence with renovated kitchen, abundant storage, and elevator building amenities.
Where is this residential income property located?
The property is located at 668 Riverside Drive 4E Manhattan, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Oversized one‑bedroom condominium with high ceilings; Renovated kitchen with stainless steel appliances and gas range; Entry foyer with walk‑in closet plus additional living room closet
