Renovated Residential Income
For Sale
$899,000
725 Riverside Drive 9C, New York City, NY 10031
Condominium residence with marble-finished baths, Hudson River and George Washington Bridge views, and full-size in-unit laundry.
Property Size1,174 SF
Price / SF$765.76
Days on Market83
Property Features for 725 Riverside Drive 9C
General Information
Standard status
Active
Size
1,174 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,880
Amenities
live-in superintendent
part-time security
video surveillance
bike storage
storage rental
Building Details
Building Size
1,174 SF
Year Built
1912
Buildings
1
Stories
11
Listing Agency:
Compass
(917) 836-1755
Listed By:
Gary Martin
(917) 836-1755
Source:
Howardhannanyc
Added: May 30
Changed: Aug 20
Last Checked: Aug 20 at 12:20PM
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.
Residence 9C is a 1,174-square-foot condominium within the Imperator, an 11-story building completed in 1912. The renovated layout includes a kitchen with GE stainless steel appliances, marble counters, custom cabinetry, a five-burner gas range with convection oven, and a two-seat breakfast nook. Full-size laundry is located inside the residence. Both bathrooms have windows and marble finishes, with a rainfall shower in the primary bath and a cast-iron soaking tub in the second bathroom. Five floor-to-ceiling closets, dark engineered bamboo flooring, and oversized windows add practical storage and natural light. Northwestern and western exposures provide Hudson River and George Washington Bridge views.
The 74-unit building is across from Riverside Park and the Hudson waterfront. Elevator service, a live-in superintendent, part-time security staff seven days a week, video surveillance, and bike and storage rentals are available. The property is investor- and pet-friendly, with subway access to the 1, A, B, C, and D trains and the West Side Highway nearby. A parking garage is located two blocks away.
The 74-unit building is across from Riverside Park and the Hudson waterfront. Elevator service, a live-in superintendent, part-time security staff seven days a week, video surveillance, and bike and storage rentals are available. The property is investor- and pet-friendly, with subway access to the 1, A, B, C, and D trains and the West Side Highway nearby. A parking garage is located two blocks away.
Key Highlights
- 1,174‑square‑foot renovated condominium residence
- Northwestern and western exposures with Hudson River and George Washington Bridge views
- Kitchen with marble counters, custom cabinetry, GE stainless steel appliances, and five‑burner gas range
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
Yes
Highway access
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 - Condominium residence with marble-finished baths, Hudson River and George Washington Bridge views, and full-size in-unit laundry.
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: 1,174‑square‑foot renovated condominium residence; Northwestern and western exposures with Hudson River and George Washington Bridge views; Kitchen with marble counters, custom cabinetry, GE stainless steel appliances, and five‑burner gas range
