Renovated Residential Income
807 Riverside Drive 2G, Manhattan, NY 10032
For Sale
$899,000
One-bedroom condominium with flexible leasing, renovated interiors, and current rental occupancy.
Property Size1,447 SF
Days on Market94
Property Features for 807 Riverside Drive 2G
General Information
Standard status
Size
Elevators
Property subtype
Occupancy
Financials
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
on-site superintendent
laundry room
bicycle storage
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Compass
Listed By:
Kelly Cole
(917) 575-8375
Source:
Serhant
Added: Aug 8
Changed: Nov 4
Last Checked: Nov 8 at 12:33PM
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
Based on property information with market context.
This renovated one-bedroom condominium is elevated above street level and arranged with distinct living, dining, and home office areas. The open kitchen includes granite counters, white shaker cabinetry, stainless steel appliances, and a dishwasher. French doors connect the bedroom to the main living area, while the residence also offers a renovated windowed bathroom, recessed lighting, blonde oak plank flooring, and three oversized custom closets. Condominium approval may allow installation of an in-unit washer and dryer.
The building dates to 1900 and provides an elevator, laundry room, bicycle storage, on-site superintendent, and pet-friendly policies. Unlimited rentals are permitted, with no leasing restrictions; co-purchasing, parental purchases, and gifting toward a down payment are also allowed. The apartment is leased through August 31, 2027. The property is near multiple subway lines, bus service, shopping, restaurants, and the Hudson River Greenway. It is located within Audubon Terrace, a tree-lined residential setting in Manhattan.
The building dates to 1900 and provides an elevator, laundry room, bicycle storage, on-site superintendent, and pet-friendly policies. Unlimited rentals are permitted, with no leasing restrictions; co-purchasing, parental purchases, and gifting toward a down payment are also allowed. The apartment is leased through August 31, 2027. The property is near multiple subway lines, bus service, shopping, restaurants, and the Hudson River Greenway. It is located within Audubon Terrace, a tree-lined residential setting in Manhattan.
Key Highlights
- Renovated one‑bedroom condominium with separate living, dining, and home office areas
- Current lease runs through August 31, 2027
- Unlimited rentals permitted with no leasing restrictions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,273
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,460
$905.5K
Cap Rate 7%
$646,757
$646.8K
Cap Rate 9%
$503,033
$503.0K
Market Conditions
NOI Build-Up for 1,447 SF
Gross rent
$86.6K $59.88/SF
− Vacancy
−$4.3K −$2.99/SF
EGI
$82.3K $56.89/SF
− OpEx
−$37.0K −$25.60/SF
NOI
$45.3K $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%
$905,460
Cap Rate 7%
$646,757
Cap Rate 9%
$503,033
Alternative Uses
Best Use
Apartment 5plus
$646.8K
$565.9K – $754.6K
NOI $45,273 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$885.2K – $1.18M
NOI $70,814 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,722
Businesses Nearby
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Business Placement
Demographics for 10032, NY
55,170
Population
23,178
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
76%
High-School Grad
0.7 sq mi
ZIP Area
78,814
Density / Sq Mi
$56,588
Median Household Income
$40,755
Median Earnings
$1,546
Median Rent
$545,500
Median Home Value
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Market
Average Price Trend$/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 - One-bedroom condominium with flexible leasing, renovated interiors, and current rental occupancy.
Where is this residential income property located?
The property is located at 807 Riverside Drive 2G Manhattan, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Renovated one‑bedroom condominium with separate living, dining, and home office areas; Current lease runs through August 31, 2027; Unlimited rentals permitted with no leasing restrictions
