Renovated Apartment Near Riverside
For Sale
$800,000
702 W END Ave 2B, New York, NY 10025
Updated apartment with modern kitchen, close to transportation and amenities.
Property Size968 SF
Days on Market270
Property Features for 702 W END Ave 2B
General Information
Standard status
Active
Size
968 SF
Property subtype
Residential
Building Details
Building Size
968 SF
Year Built
1920
Units
10
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 521-5762
Listed By:
Peter M Cohen
(212) 521-5762
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 23
Last Checked: Aug 24 at 6:51AM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
This apartment, located one flight up, features an elegantly renovated eat-in kitchen equipped with high-end Thermador appliances. The kitchen flows into a spacious living room, creating a modern, open-concept great room. The property includes two bedrooms, a sharply updated bathroom, and high ceilings throughout. The building is an intimate, friendly co-op located a block from Riverside Park, with convenient access to shopping, services, and cultural attractions. An express subway stop and crosstown bus service are located nearby. Building amenities include storage, a bike room, and laundry in the basement, as well as a common roof deck.
Key Highlights
- Renovated eat‑in kitchen with high‑end Thermador appliances and open‑concept layout.
- Convenient location: one block from Riverside Park and around the corner from an express subway stop.
- Two real bedrooms and updated bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,280
$637.3K
Cap Rate 7%
$455,200
$455.2K
Cap Rate 9%
$354,044
$354.0K
Market Conditions
NOI Build-Up for 968 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.0K $63.00/SF
− Vacancy
−$3.0K −$3.15/SF
EGI
$57.9K $59.85/SF
− OpEx
−$26.1K −$26.93/SF
NOI
$31.9K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,280
Cap Rate 7%
$455,200
Cap Rate 9%
$354,044
Alternative Uses
Best Use
Apartment 5plus
$455.2K
$398.3K – $531.1K
NOI $31,864 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.82M
$3.35M – $4.46M
NOI $267,633 @ 7.0% cap · market cap 33.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartment with modern kitchen, close to transportation and amenities.
Where is this apartment building located?
The property is located at 702 W END Ave 2B New York, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Renovated eat‑in kitchen with high‑end Thermador appliances and open‑concept layout.; Convenient location: one block from Riverside Park and around the corner from an express subway stop.; Two real bedrooms and updated bathroom.
