Renovated One-Bedroom Residential
For Sale
$875,000
725 Riverside Drive 9C, Manhattan, NY 10031
Pre-war condominium with updated interiors, generous proportions, and direct access to Riverside Park across the street.
Property Size1,174 SF
Price / SF$745.32
Days on Market159
Property Features for 725 Riverside Drive 9C
General Information
Standard status
Active
Size
1,174 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,880
Amenities
live-in superintendent
lobby attendant service
central laundry room
bicycle storage
private storage units
Building Details
Building Size
1,174 SF
Year Built
1912
Listing Agency:
Compass
Listed By:
Gary Martin · License #10401329165
(917) 836-1755
Source:
Bondnyre
Added: May 30
Changed: Oct 31
Last Checked: Nov 3 at 3:23PM
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
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This renovated one-bedroom condominium is located in a 1912 pre-war building and offers a spacious, clearly arranged interior. The living room and bedroom each feature oversized windows, while high ceilings, open archways, and refinished blonde oak plank floors create a bright, loft-like atmosphere. The separate windowed kitchen includes white shaker cabinetry, granite counters, tile flooring, and stainless steel appliances. A large bedroom accommodates a king-size bed, bedroom furnishings, and a home office area. The residence also includes a windowed bathroom, recessed soffit lighting, crown and baseboard moldings, and custom California Closets. In-unit laundry installation is permitted with condominium approval.
Building services include a live-in superintendent and lobby attendant coverage seven days a week from 4:00 PM to midnight. Residents have access to a central laundry room and bicycle storage, with private storage units available for rent. The pet-friendly property welcomes guarantors, gifted down payments, and co-purchasing arrangements. It is located at 725 RIVERSIDE Drive in New York City, directly across from Riverside Park and the Hudson River, with access to Columbia University, NewYork-Presbyterian/Columbia University Irving Medical Center, the #1 and A trains, shopping, and dining.
Building services include a live-in superintendent and lobby attendant coverage seven days a week from 4:00 PM to midnight. Residents have access to a central laundry room and bicycle storage, with private storage units available for rent. The pet-friendly property welcomes guarantors, gifted down payments, and co-purchasing arrangements. It is located at 725 RIVERSIDE Drive in New York City, directly across from Riverside Park and the Hudson River, with access to Columbia University, NewYork-Presbyterian/Columbia University Irving Medical Center, the #1 and A trains, shopping, and dining.
Key Highlights
- Renovated one‑bedroom condominium in a 1912 pre‑war building
- Directly across from Riverside Park and the Hudson River
- Four oversized windows provide natural light in the living room and bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,731
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,620
$734.6K
Cap Rate 7%
$524,729
$524.7K
Cap Rate 9%
$408,122
$408.1K
Market Conditions
NOI Build-Up for 1,174 SF
Gross rent
$70.3K $59.88/SF
− Vacancy
−$3.5K −$2.99/SF
EGI
$66.8K $56.89/SF
− OpEx
−$30.1K −$25.60/SF
NOI
$36.7K $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%
$734,620
Cap Rate 7%
$524,729
Cap Rate 9%
$408,122
Alternative Uses
Best Use
Apartment 5plus
$524.7K
$459.1K – $612.2K
NOI $36,731 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.92M
$2.56M – $3.41M
NOI $204,558 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,323
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war condominium with updated interiors, generous proportions, and direct access to Riverside Park across the street.
Where is this residential income property located?
The property is located at 725 Riverside Drive 9C Manhattan, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Renovated one‑bedroom condominium in a 1912 pre‑war building; Directly across from Riverside Park and the Hudson River; Four oversized windows provide natural light in the living room and bedroom
