Apartment Building with
New
For Sale
$4,500,000
68 W 68th Street, New York City, NY 10023
The four-story property includes one-bedroom and studio apartments, plus an owner’s duplex.
Property Size6,517 SF
Price / SF$690.50
Days on Market4
Property Features for 68 W 68th Street
General Information
Standard status
Active
Size
6,517 SF
Property subtype
Multi Family
Units
Unit Mix
9 x 1BR, 1 x studio
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$115,146
Building Details
Building Size
6,517 SF
Year Built
1910
Stories
4
Listing Agency:
Compass
Listed By:
Benjamin A Gernandt
(347) 385-2699
Source:
Nobleblackandpartners
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 9:20AM
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.
Built in 1910, this four-story multifamily townhouse measures 22 feet by 66 feet and contains nine one-bedroom apartments and one studio. The property also includes an owner’s duplex with a garden.
Seven apartments are rent stabilized, while two are free market.
Seven apartments are rent stabilized, while two are free market.
Key Highlights
- Four‑story multifamily townhouse built in 1910
- Building dimensions: 22ft x66ft
- Nine one‑bedroom apartments and one studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,738
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,094,760
$4.1M
Cap Rate 7%
$2,924,829
$2.9M
Cap Rate 9%
$2,274,867
$2.3M
Market Conditions
NOI Build-Up for 6,517 SF
Gross rent
$391.0K $60.00/SF
− Vacancy
−$18.8K −$2.88/SF
EGI
$372.3K $57.12/SF
− OpEx
−$167.5K −$25.70/SF
NOI
$204.7K $31.42/SF
Area
ZIP 10023
Vacancy
4.80%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,094,760
Cap Rate 7%
$2,924,829
Cap Rate 9%
$2,274,867
Alternative Uses
Best Use
Apartment 5plus
$2.92M
$2.56M – $3.41M
NOI $204,738 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.63M
$4.05M – $5.41M
NOI $324,354 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 10023, NY
71,164
Population
46,272
Households
1.5
Avg Household Size
42
Median Age
84%
College-Educated
98%
High-School Grad
1.0 sq mi
ZIP Area
71,164
Density / Sq Mi
$157,866
Median Household Income
$109,508
Median Earnings
$3,050
Median Rent
$1,401,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The four-story property includes one-bedroom and studio apartments, plus an owner’s duplex.
Where is this apartment building located?
The property is located at 68 W 68th Street New York City, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Four‑story multifamily townhouse built in 1910; Building dimensions: 22ft x66ft; Nine one‑bedroom apartments and one studio
