Residential Income
For Sale
$500,000
80 LA SALLE Street 5H, New York City, NY 10027
A one-bedroom residence features a windowed eat-in kitchen and faces the community’s interior gardens.
Property Size750 SF
Price / SF$666.67
Days on Market9
Property Features for 80 LA SALLE Street 5H
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Building Details
Building Size
750 SF
Year Built
1956
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Athena T Witt · License #REB.0791900
(917) 256-9921
Source:
Bondnyre
Added: Sep 23
Changed: Sep 29
Last Checked: Sep 30 at 6:25PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This 750-square-foot apartment has one bedroom and one bathroom, with a living and dining area, wood floors, high ceilings, and six closets. The windowed eat-in kitchen includes a new refrigerator and stove. The apartment faces the landscaped interior grounds and has western exposure. The property was built in 1956.
The community comprises six buildings across eight acres. Shared amenities include a gym, indoor children’s playrooms, an outdoor playground, daycare, activity and workshop spaces, a theater, meeting rooms, laundry, storage, a parking garage, and 24-hour security. Walkways, parking facilities, gardens, and outdoor gathering areas have been upgraded.
The residence is restricted to use as a primary home; pied-à-terre occupancy, guarantors, and co-purchasing are not permitted, while gifting is allowed. Nearby transit includes the 1, 2, 3, A, B, C, and D trains and several bus routes. Columbia, Barnard, Teachers College, parks, and shopping are also within walking distance.
The community comprises six buildings across eight acres. Shared amenities include a gym, indoor children’s playrooms, an outdoor playground, daycare, activity and workshop spaces, a theater, meeting rooms, laundry, storage, a parking garage, and 24-hour security. Walkways, parking facilities, gardens, and outdoor gathering areas have been upgraded.
The residence is restricted to use as a primary home; pied-à-terre occupancy, guarantors, and co-purchasing are not permitted, while gifting is allowed. Nearby transit includes the 1, 2, 3, A, B, C, and D trains and several bus routes. Columbia, Barnard, Teachers College, parks, and shopping are also within walking distance.
Key Highlights
- 750‑square‑foot apartment with one bedroom and one bathroom
- Windowed eat‑in kitchen with new refrigerator and stove
- Western exposure overlooking the landscaped interior grounds
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
$23,465
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
4.69%
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%
$469,300
$469.3K
Cap Rate 7%
$335,214
$335.2K
Cap Rate 9%
$260,722
$260.7K
Market Conditions
NOI Build-Up for 750 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
$44.9K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.7K $56.89/SF
− OpEx
−$19.2K −$25.60/SF
NOI
$23.5K $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%
$469,300
Cap Rate 7%
$335,214
Cap Rate 9%
$260,722
Alternative Uses
Best Use
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 26.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence features a windowed eat-in kitchen and faces the community’s interior gardens.
Where is this residential income property located?
The property is located at 80 LA SALLE Street 5H New York City, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 750‑square‑foot apartment with one bedroom and one bathroom; Windowed eat‑in kitchen with new refrigerator and stove; Western exposure overlooking the landscaped interior grounds
