Renovated One-Bedroom Income
For Sale
$475,000
77 Bleecker Street 614, New York City, NY 10012
High-floor residence with a redesigned kitchen, separate dining area, and full-service co-op amenities.
Property Size500 SF
Price / SF$950
Days on Market15
Property Features for 77 Bleecker Street 614
General Information
Standard status
Active
Size
500 SF
Property subtype
Apartment
Building Details
Building Size
500 SF
Year Built
1930
Listing Agency:
Compass
Listed By:
Lance Nu-Che
(703) 599-0454
Source:
Miradorrealestate
Added: Sep 10
Changed: Sep 17
Last Checked: Sep 22 at 8:28PM
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 high-floor, one-bedroom residence at 77 Bleecker Street features a full renovation with new hardwood flooring, upgraded electrical work, and new HVAC/PTAC units. The redesigned kitchen includes new cabinetry, countertops, fixtures, and appliances, while a separate dining area and custom dry bar support everyday use and entertaining. Oversized west-facing windows overlook a landscaped courtyard, and the expanded custom closet adds storage. The bathroom has been updated with new tilework and contemporary fixtures.
Built in 1930, the pet-friendly full-service co-op provides a 24-hour doorman, live-in superintendent, laundry, recycling and trash chutes on every floor, a bike room, and private basement storage. The property is located on Bleecker Street in New York City’s NoHo/Greenwich Village area, near Washington Square Park, restaurants, boutique shopping, movie theaters, a 24-hour grocery store, and major subway lines.
Built in 1930, the pet-friendly full-service co-op provides a 24-hour doorman, live-in superintendent, laundry, recycling and trash chutes on every floor, a bike room, and private basement storage. The property is located on Bleecker Street in New York City’s NoHo/Greenwich Village area, near Washington Square Park, restaurants, boutique shopping, movie theaters, a 24-hour grocery store, and major subway lines.
Key Highlights
- One‑bedroom residence on a high floor with west‑facing courtyard views
- Renovated kitchen with new cabinetry, appliances, countertops, and fixtures
- New hardwood flooring, upgraded electrical work, and HVAC/PTAC units
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
$15,644
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
3.29%
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%
$312,880
$312.9K
Cap Rate 7%
$223,486
$223.5K
Cap Rate 9%
$173,822
$173.8K
Market Conditions
NOI Build-Up for 500 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
$29.9K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$28.4K $56.89/SF
− OpEx
−$12.8K −$25.60/SF
NOI
$15.6K $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%
$312,880
Cap Rate 7%
$223,486
Cap Rate 9%
$173,822
Alternative Uses
Best Use
Apartment 5plus
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 18.34%
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
34,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 10012, NY
23,125
Population
14,568
Households
1.6
Avg Household Size
35
Median Age
83%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
77,083
Density / Sq Mi
$130,938
Median Household Income
$88,301
Median Earnings
$2,731
Median Rent
$1,500,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - High-floor residence with a redesigned kitchen, separate dining area, and full-service co-op amenities.
Where is this residential income property located?
The property is located at 77 Bleecker Street 614 New York City, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: One‑bedroom residence on a high floor with west‑facing courtyard views; Renovated kitchen with new cabinetry, appliances, countertops, and fixtures; New hardwood flooring, upgraded electrical work, and HVAC/PTAC units
