Renovated One-Bedroom Residential
For Sale
$899,000
725 Riverside Drive 9C, New York City, 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$765.76
Days on Market98
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: Sep 4
Last Checked: Sep 4 at 10:06AM
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
Investment Insights
Based on property information with market context.
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 = 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
$36,731
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
4.09%
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%
$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
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
$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 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%
$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 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.92M
$2.56M – $3.41M
NOI $204,558 @ 7.0% cap · market cap 22.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,323
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
Questions? Ask Rey
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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 New York City, NY.
What is the asking price?
The asking price for this property is $899,000.
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
