Residential Income Property with
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 Market50
Property Features for 754 E 6TH Street 4E
General Information
Standard status
Active
Size
975 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$16,116
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: Oct 31
Last Checked: Nov 3 at 12:32PM
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
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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 / Yr
$30,505
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,246
Businesses Nearby
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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
