Residential Income Property with Flexible
For Sale
$425,000
Pending
736 W 186th Street 3B, New York City, NY 10033
Prewar co-op residence offers adaptable living space, generous storage, hardwood floors, and access to shared laundry and garden areas.
Property Size950 SF
Days on Market184
Property Features for 736 W 186th Street 3B
General Information
Standard status
Pending
Size
950 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
laundry
bike storage
private storage
garden
picnic tables
grill
outdoor play area
Building Details
Building Size
950 SF
Year Built
1939
Construction
Art Deco
Listing Agency:
Compass
Listed By:
Kelly Cole
(917) 575-8375
Source:
Howardhannanyc
Added: Apr 8
Changed: Sep 25
Last Checked: Oct 7 at 6:19PM
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.
Built in 1939, this 950-square-foot co-op residence features a one-bedroom layout with the possibility of adapting the dining area into a junior-four configuration. The home includes a windowed breakfast area or office, separate dining space, a well-proportioned living room, and a large bedroom that accommodates a king bed and sitting area. Hardwood floors, high ceilings, nine windows, a walk-in closet, and additional storage contribute to the interior’s functionality. The kitchen has shaker cabinetry, butcherblock counters, subway tile, stainless steel appliances, and a dishwasher. A spacious bathroom includes a pedestal sink, cast-iron soaking tub, and tiled finishes.
The residence is in an Art Deco co-op at 30 Overlook Terrace with a resident superintendent, laundry, bike storage, private storage, and a landscaped garden featuring picnic tables, a grill, and an outdoor play area. Fort Tryon Park, the Cloisters, Hudson River recreation, tennis courts, and bicycling trails are nearby. Transit options include the A express, 1 train, and M4, M5, and M98 bus lines; the A reaches midtown in 20 minutes. The nearby GWB Bus Station includes more than 100,000 SF of retail space.
The residence is in an Art Deco co-op at 30 Overlook Terrace with a resident superintendent, laundry, bike storage, private storage, and a landscaped garden featuring picnic tables, a grill, and an outdoor play area. Fort Tryon Park, the Cloisters, Hudson River recreation, tennis courts, and bicycling trails are nearby. Transit options include the A express, 1 train, and M4, M5, and M98 bus lines; the A reaches midtown in 20 minutes. The nearby GWB Bus Station includes more than 100,000 SF of retail space.
Key Highlights
- 950‑square‑foot co‑op residence built in 1939
- One‑bedroom layout with dining area that may be adapted to a junior‑four configuration
- Nine windows, high ceilings, hardwood floors, and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,723
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,460
$594.5K
Cap Rate 7%
$424,614
$424.6K
Cap Rate 9%
$330,256
$330.3K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$56.9K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$54.0K $56.89/SF
− OpEx
−$24.3K −$25.60/SF
NOI
$29.7K $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%
$594,460
Cap Rate 7%
$424,614
Cap Rate 9%
$330,256
Alternative Uses
Best Use
Apartment 5plus
$424.6K
$371.5K – $495.4K
NOI $29,723 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.36M
$2.07M – $2.76M
NOI $165,528 @ 7.0% cap · market cap 38.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,408
Businesses Nearby
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Business Placement
Demographics for 10033, NY
50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Prewar co-op residence offers adaptable living space, generous storage, hardwood floors, and access to shared laundry and garden areas.
Where is this residential income property located?
The property is located at 736 W 186th Street 3B New York City, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 950‑square‑foot co‑op residence built in 1939; One‑bedroom layout with dining area that may be adapted to a junior‑four configuration; Nine windows, high ceilings, hardwood floors, and a walk‑in closet
