Renovated Two-Bedroom Co-op
86 Thayer Street 1-A, Manhattan, NY 10040
For Sale
$545,000
A light-filled co-op residence pairs updated interiors with in-unit laundry, a windowed kitchen, and two full bathrooms.
Property Size952 SF
Price / SF$572.48
Days on Market57
Property Features for 86 Thayer Street 1-A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
thru-wall A/C
dishwasher
microwave
in-unit washer/dryer
live-in super
Building Details
Building Size
Year Built
Listing Agency:
REAVIS DEVELOPMENT MARKETING LLC
Listed By:
Natanel Malkoukian
(646) 361-3276
Source:
Howardhannanyc
Added: Sep 18
Changed: Nov 12
Last Checked: Nov 12 at 2:25PM
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 REAVIS DEVELOPMENT MARKETING LLC
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Investment Insights
Based on property information with market context.
This 952-square-foot, two-bedroom, two-bathroom co-op apartment at 86 Thayer Street features renovated interiors, hardwood floors, recessed lighting, and tall sash windows. The open living and dining area connects to a windowed kitchen with custom cabinetry, stone counters, a tile backsplash, and stainless steel appliances, including a dishwasher and microwave. A stacked washer and dryer is located in the unit. Heating is by steam, with thru-wall air conditioning. The pre-war building dates to 1928 and has a live-in superintendent; pets and guarantors are allowed.
The property is near Fort Tryon Park, The Met Cloisters, Highbridge Park, Isham Park, and Inwood Hill Park. The Hudson River Greenway and public athletic facilities, including tennis courts, running tracks, soccer fields, and baseball fields, are also nearby. The 1 and A subway lines serve the area.
The property is near Fort Tryon Park, The Met Cloisters, Highbridge Park, Isham Park, and Inwood Hill Park. The Hudson River Greenway and public athletic facilities, including tennis courts, running tracks, soccer fields, and baseball fields, are also nearby. The 1 and A subway lines serve the area.
Key Highlights
- 952‑square‑foot co‑op apartment with 2 bedrooms and 2 bathrooms
- Renovated interior with hardwood floors and recessed lighting
- Windowed kitchen with custom cabinetry, stone counters, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,786
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,720
$595.7K
Cap Rate 7%
$425,514
$425.5K
Cap Rate 9%
$330,956
$331.0K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$57.0K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$54.2K $56.89/SF
− OpEx
−$24.4K −$25.60/SF
NOI
$29.8K $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%
$595,720
Cap Rate 7%
$425,514
Cap Rate 9%
$330,956
Alternative Uses
Best Use
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,786 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.6K
$582.4K – $776.5K
NOI $46,589 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 10040, NY
40,405
Population
17,020
Households
2.4
Avg Household Size
39
Median Age
38%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
67,342
Density / Sq Mi
$64,022
Median Household Income
$41,849
Median Earnings
$1,680
Median Rent
$465,700
Median Home Value
Market
Average Price Trend$/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 light-filled co-op residence pairs updated interiors with in-unit laundry, a windowed kitchen, and two full bathrooms.
Where is this residential income property located?
The property is located at 86 Thayer Street 1-A Manhattan, NY.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 952‑square‑foot co‑op apartment with 2 bedrooms and 2 bathrooms; Renovated interior with hardwood floors and recessed lighting; Windowed kitchen with custom cabinetry, stone counters, and stainless steel appliances
