Art Deco Residential Income
For Sale
$499,000
736 W 186th Street 6J, New York City, NY 10033
High-floor one-bedroom residence with period character, a sunken living room, and a separate stainless-equipped kitchen.
Property Size775 SF
Price / SF$643.87
Days on Market11
Property Features for 736 W 186th Street 6J
General Information
Standard status
Active
Size
775 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
hardwood floors
soaring ceilings
period archways
sunken living room
stainless steel appliances
Building Details
Building Size
775 SF
Year Built
1939
Construction
Art Deco
Listing Agency:
Compass
Listed By:
Javier Amor
(213) 870-3320
Source:
Miradorrealestate
Added: Sep 15
Changed: Sep 21
Last Checked: Sep 24 at 3:29PM
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 775-square-foot, one-bedroom, one-bath residence occupies a high floor in a 1939 building. Its interior combines preserved hardwood flooring, high ceilings, period archways, and a sunken living room with a separate kitchen appointed with stainless steel appliances. Four windows and a southwest exposure bring natural light into the bedroom.
The property is located at 736 W 186th Street in New York City’s Hudson Heights area, near shopping, dining, Fort Tryon Park, Riverside Park, and the Little Red Lighthouse. Access to the A, C, and 1 subway lines, express bus service on Fort Washington Avenue and Broadway, and Columbia University Irving Medical Center adds transportation and institutional convenience. Dogs are not permitted; service animals are welcome.
The property is located at 736 W 186th Street in New York City’s Hudson Heights area, near shopping, dining, Fort Tryon Park, Riverside Park, and the Little Red Lighthouse. Access to the A, C, and 1 subway lines, express bus service on Fort Washington Avenue and Broadway, and Columbia University Irving Medical Center adds transportation and institutional convenience. Dogs are not permitted; service animals are welcome.
Key Highlights
- 775 SF one‑bedroom, one‑bath residence
- High‑floor position in a 1939 building
- Preserved hardwood floors, high ceilings, and period archways
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
$24,248
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
4.86%
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%
$484,960
$485.0K
Cap Rate 7%
$346,400
$346.4K
Cap Rate 9%
$269,422
$269.4K
Market Conditions
NOI Build-Up for 775 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
$46.4K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$44.1K $56.89/SF
− OpEx
−$19.8K −$25.60/SF
NOI
$24.2K $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%
$484,960
Cap Rate 7%
$346,400
Cap Rate 9%
$269,422
Alternative Uses
Best Use
Apartment 5plus
$346.4K
$303.1K – $404.1K
NOI $24,248 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,036 @ 7.0% cap · market cap 27.06%
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
Explore this area
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 - High-floor one-bedroom residence with period character, a sunken living room, and a separate stainless-equipped kitchen.
Where is this residential income property located?
The property is located at 736 W 186th Street 6J New York City, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 775 SF one‑bedroom, one‑bath residence; High‑floor position in a 1939 building; Preserved hardwood floors, high ceilings, and period archways
