Updated Residential Income
86 Thayer Street 2-C, Manhattan, NY 10040
For Sale
$300,000
Pending
Fully renovated co-op residence with stone kitchen finishes, in-unit laundry, and convenient access to parks and transit.
Property Size487 SF
Days on Market191
Property Features for 86 Thayer Street 2-C
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Amenities
hardwood floors
recessed lighting
thru-wall A/C
steam heating
open living/dining
windowed kitchen
stone countertops
white tile backsplash
custom cabinetry
stainless steel appliances
dishwasher
microwave
in-unit washer/dryer
live-in super
pets allowed
guarantors allowed
Building Details
Building Size
Year Built
Construction
Tenancy
Listing Agency:
REAVIS DEVELOPMENT MARKETING LLC
Listed By:
Natanel Malkoukian
(646) 361-3276
Source:
Miradorrealestate
Added: May 3
Changed: Nov 7
Last Checked: Nov 8 at 3:28PM
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 REAVIS DEVELOPMENT MARKETING LLC
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Investment Insights
Based on property information with market context.
This 1928 pre-war co-op residence has been comprehensively updated with contemporary fixtures and finishes while retaining traditional character. Tall sash windows bring natural light into the home, complemented by hardwood flooring, recessed lighting, thru-wall A/C, and steam heat. The open living and dining area connects to a windowed kitchen with stone countertops, custom cabinetry, stainless steel appliances, dishwasher, and microwave. The bathroom includes large-format tile, matte black fixtures, a wood veneer vanity, and a deep tub. An in-unit stacked washer and dryer adds convenience.
The property is situated in Fort George near Fort Tryon Park and The Met Cloisters, with additional access to Highbridge Park, Isham Park, Inwood Hill Park, the Hudson River Greenway, restaurants, shops, and public athletic facilities. The 1 and A subway lines provide access across Manhattan. Building amenities and policies include a live-in superintendent, guarantor acceptance, and pets.
The property is situated in Fort George near Fort Tryon Park and The Met Cloisters, with additional access to Highbridge Park, Isham Park, Inwood Hill Park, the Hudson River Greenway, restaurants, shops, and public athletic facilities. The 1 and A subway lines provide access across Manhattan. Building amenities and policies include a live-in superintendent, guarantor acceptance, and pets.
Key Highlights
- Comprehensively renovated pre‑war co‑op building dating to 1928
- Windowed kitchen with stone counters, custom cabinetry, and full‑size stainless steel appliances
- Hardwood floors, recessed lighting, tall sash windows, and steam heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,237
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,740
$304.7K
Cap Rate 7%
$217,671
$217.7K
Cap Rate 9%
$169,300
$169.3K
Market Conditions
NOI Build-Up for 487 SF
Gross rent
$29.2K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$27.7K $56.89/SF
− OpEx
−$12.5K −$25.60/SF
NOI
$15.2K $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%
$304,740
Cap Rate 7%
$217,671
Cap Rate 9%
$169,300
Alternative Uses
Best Use
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,237 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.5K
$297.9K – $397.2K
NOI $23,833 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Single-tenant
Tenancy
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 - Fully renovated co-op residence with stone kitchen finishes, in-unit laundry, and convenient access to parks and transit.
Where is this residential income property located?
The property is located at 86 Thayer Street 2-C Manhattan, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Comprehensively renovated pre‑war co‑op building dating to 1928; Windowed kitchen with stone counters, custom cabinetry, and full‑size stainless steel appliances; Hardwood floors, recessed lighting, tall sash windows, and steam heat
