Top-Floor Apartment with Lofted
76 W 85th Street 5E, Manhattan, NY 10024
For Sale
$695,000
A bright condominium residence pairs an open interior with an in-unit washer and dryer and access to Central Park.
Property Size623 SF
Price / SF$1,115
Days on Market25
Property Features for 76 W 85th Street 5E
General Information
Standard status
Size
Property subtype
Additional Details
HOA Fee
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
live-in superintendent
renovated common areas
video intercom
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Ariel Dagan · License #10301209046
(917) 609-4566
Source:
Carlinwright
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 6 at 4:25PM
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
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Investment Insights
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This 623-square-foot, top-floor condominium residence has an open layout with 11- to 12-foot ceilings in both the living room and bedroom. Three oversized windows bring natural light into the living area, which also features exposed brick walls and hardwood floors. The kitchen includes stainless steel appliances, granite counters, and an in-unit washer and dryer. At the rear, the bedroom faces a courtyard and has soundproofed walls and custom closet organizers. The bathroom incorporates Carrara marble details and a rain shower.
The residence is in a landmarked condominium at 76 West 85th Street. Building features include a live-in superintendent, renovated common areas, and a video intercom system. Pedestrian access to Central Park is available through Mariner's Gate at 85th Street; Columbus Avenue shops, markets, and restaurants are nearby. The B, C, 1, 2, and 3 subway lines are also accessible from the area.
The residence is in a landmarked condominium at 76 West 85th Street. Building features include a live-in superintendent, renovated common areas, and a video intercom system. Pedestrian access to Central Park is available through Mariner's Gate at 85th Street; Columbus Avenue shops, markets, and restaurants are nearby. The B, C, 1, 2, and 3 subway lines are also accessible from the area.
Key Highlights
- 623‑square‑foot residence on the building's top floor
- 11- to 12‑foot ceilings in both the living room and bedroom
- Three oversized living‑room windows and exposed brick walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,492
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,840
$389.8K
Cap Rate 7%
$278,457
$278.5K
Cap Rate 9%
$216,578
$216.6K
Market Conditions
NOI Build-Up for 623 SF
Gross rent
$37.3K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$35.4K $56.89/SF
− OpEx
−$15.9K −$25.60/SF
NOI
$19.5K $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%
$389,840
Cap Rate 7%
$278,457
Cap Rate 9%
$216,578
Alternative Uses
Best Use
Apartment 5plus
$278.5K
$243.7K – $324.9K
NOI $19,492 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,552 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,917
Businesses Nearby
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Business Placement
Demographics for 10024, NY
62,250
Population
36,723
Households
1.7
Avg Household Size
43
Median Age
84%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
69,167
Density / Sq Mi
$182,614
Median Household Income
$117,078
Median Earnings
$2,965
Median Rent
$1,746,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - A bright condominium residence pairs an open interior with an in-unit washer and dryer and access to Central Park.
Where is this residential income property located?
The property is located at 76 W 85th Street 5E Manhattan, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 623‑square‑foot residence on the building's top floor; 11- to 12‑foot ceilings in both the living room and bedroom; Three oversized living‑room windows and exposed brick walls
