Two-Bedroom Residential
91 Payson Avenue 7L, Manhattan, NY 10034
For Sale
$575,000
Top-floor corner home in a 1935 Art Deco co-op with a windowed kitchen and resident amenities.
Property Size1,000 SF
Price / SF$575
Days on Market9
Property Features for 91 Payson Avenue 7L
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
planted courtyard patio
resident Superintendent
laundry
storage
package room
parking
washer/dryer
Building Details
Building Size
Year Built
Construction
Listing Agency:
Compass
Listed By:
Kelly Cole
(917) 575-8375
Source:
Miradorrealestate
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 12 at 5:23PM
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 top-floor corner residence offers two bedrooms and more than 1,000 square feet, with a sunken living room, dining foyer, and 9- and 10-foot ceilings. The windowed kitchen has full-sized appliances, granite counters, honey-toned cabinetry, and a washer and dryer. Hardwood floors, recessed kitchen lighting, generous closets, and picture-rail moldings add to the interior. The windowed bathroom includes a cast-iron tub and separate shower stall. The primary bedroom has double exposure; the second bedroom can serve as a guest room, office, or bedroom.
Built in 1935, the Art Deco co-op has a planted courtyard, resident superintendent, laundry, storage, package room, and parking subject to a wait list. The building is across from Inwood Hill Park and near Isham Park, Fort Tryon Park, and the Cloisters. The A express train, restaurants, and shopping are also nearby, with access to the Westside Highway and major metropolitan roadways.
Built in 1935, the Art Deco co-op has a planted courtyard, resident superintendent, laundry, storage, package room, and parking subject to a wait list. The building is across from Inwood Hill Park and near Isham Park, Fort Tryon Park, and the Cloisters. The A express train, restaurants, and shopping are also nearby, with access to the Westside Highway and major metropolitan roadways.
Key Highlights
- Top‑floor corner residence with two bedrooms and more than 1,000 square feet
- Sunken living room, dining foyer, and ceilings reaching 10 feet
- Windowed kitchen with full‑sized appliances and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,287
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,740
$625.7K
Cap Rate 7%
$446,957
$447.0K
Cap Rate 9%
$347,633
$347.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$59.9K $59.88/SF
− Vacancy
−$3.0K −$2.99/SF
EGI
$56.9K $56.89/SF
− OpEx
−$25.6K −$25.60/SF
NOI
$31.3K $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%
$625,740
Cap Rate 7%
$446,957
Cap Rate 9%
$347,633
Alternative Uses
Best Use
Apartment 5plus
$447.0K
$391.1K – $521.5K
NOI $31,287 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.1K
$611.7K – $815.6K
NOI $48,938 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 10034, NY
36,778
Population
16,599
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
80%
High-School Grad
1.0 sq mi
ZIP Area
36,778
Density / Sq Mi
$69,786
Median Household Income
$47,553
Median Earnings
$1,621
Median Rent
$518,000
Median Home Value
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Market
Average Price Trend$/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 - Top-floor corner home in a 1935 Art Deco co-op with a windowed kitchen and resident amenities.
Where is this residential income property located?
The property is located at 91 Payson Avenue 7L Manhattan, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Top‑floor corner residence with two bedrooms and more than 1,000 square feet; Sunken living room, dining foyer, and ceilings reaching 10 feet; Windowed kitchen with full‑sized appliances and washer/dryer
