Apartment Building with
New
For Sale
$4,500,000
68 W 68th Street, New York, NY 10023
Commercial Sale, New York, NY
Property Size6,517 SF
Price / SF$690.50
Days on Market2
Property Features for 68 W 68th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
10
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 6, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 8, Bathroom 1, Bedroom 3, Bedroom 10, Bedroom 7, Bathroom 10, Bathroom 7, Bathroom 9, Bathroom 2, Bathroom 3, Bathroom 8, Bedroom 6, Bathroom 4, Bedroom 9, Bathroom 5
Subdivision
Lincoln Square
High school district
000000
Standard status
Active
Size
6,517 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Bill Yorgan
Added: Oct 15
Last Checked: Oct 16 at 12:06AM
MLS# 12027284
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1910, this four-story apartment building 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.
At 6,517 square feet, the building occupies a 22-by-66-foot lot on the Upper West Side.
At 6,517 square feet, the building occupies a 22-by-66-foot lot on the Upper West Side.
Key Highlights
- 6,517‑square‑foot apartment building
- Four stories; built in 1910
- 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
13,993
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 contains a mix of one-bedroom apartments, a studio, and an owner’s duplex.
Where is this apartment building located?
The property is located at 68 W 68th Street New York, 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: 6,517‑square‑foot apartment building; Four stories; built in 1910; Nine one‑bedroom apartments and one studio
