Residential Income Property with
New
For Sale
$745,000
754 E 6TH Street 4E, New York City, NY 10009
Open-plan condominium residence with oak floors, extensive storage, and investor-friendly ownership policies.
Property Size975 SF
Price / SF$764.10
Days on Market5
Property Features for 754 E 6TH Street 4E
General Information
Standard status
Active
Size
975 SF
Property subtype
Apartment
Building Details
Building Size
975 SF
Year Built
2001
Listing Agency:
Corcoran Group
Listed By:
Rachel D Field · License #10301205929 (NY)
(917) 575-4354
Source:
Thethomas
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 19 at 11:54AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This 975-square-foot condominium residence includes one bedroom, one and a half bathrooms, and an open living and kitchen arrangement. The king-sized bedroom is complemented by five closets, through-wall air conditioning, and solid oak hardwood floors throughout. The layout is described as adaptable for a second bedroom. Built in 2001, the property is located within Perla Pueblo Condominium, a pet-friendly elevator building with a superintendent.
Building amenities include an on-site laundry room, private storage, bicycle storage, video intercom, and a shared terrace. Investors are permitted, along with subletting, gifting, and co-purchasing. The property is near East River Park, Tompkins Square Park, community gardens, F and L trains, M15 and M21 bus service, and Citi Bike docking stations. The address is 754 E 6TH Street 4E, New York City, NY 10009.
Building amenities include an on-site laundry room, private storage, bicycle storage, video intercom, and a shared terrace. Investors are permitted, along with subletting, gifting, and co-purchasing. The property is near East River Park, Tompkins Square Park, community gardens, F and L trains, M15 and M21 bus service, and Citi Bike docking stations. The address is 754 E 6TH Street 4E, New York City, NY 10009.
Key Highlights
- 975 SF condominium residence
- One bedroom and 1.5 bathrooms
- Open kitchen and living area with adaptable layout
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
$30,505
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%
$610,100
$610.1K
Cap Rate 7%
$435,786
$435.8K
Cap Rate 9%
$338,944
$338.9K
Market Conditions
NOI Build-Up for 975 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
$58.4K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$55.5K $56.89/SF
− OpEx
−$25.0K −$25.60/SF
NOI
$30.5K $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%
$610,100
Cap Rate 7%
$435,786
Cap Rate 9%
$338,944
Alternative Uses
Best Use
Apartment 5plus
$435.8K
$381.3K – $508.4K
NOI $30,505 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.43M
$2.12M – $2.83M
NOI $169,884 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 10009, NY
61,716
Population
32,375
Households
1.9
Avg Household Size
36
Median Age
63%
College-Educated
87%
High-School Grad
0.6 sq mi
ZIP Area
102,860
Density / Sq Mi
$87,963
Median Household Income
$84,069
Median Earnings
$1,925
Median Rent
$690,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan condominium residence with oak floors, extensive storage, and investor-friendly ownership policies.
Where is this residential income property located?
The property is located at 754 E 6TH Street 4E New York City, NY.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 975 SF condominium residence; One bedroom and 1.5 bathrooms; Open kitchen and living area with adaptable layout
