Residential Income Property with Flexible
930 Park Avenue 1C, Manhattan, NY 10028
For Sale
$850,000
The renovated interior includes two principal rooms, a third adaptable room, two half baths, and central air conditioning.
Property Size852 SF
Price / SF$997.65
Days on Market31
Property Features for 930 Park Avenue 1C
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
24-hour doorman
live-in resident manager
fitness center
laundry room
bicycle room
central air conditioning
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Sothebys International Realty
Listed By:
Dominic J Longcroft
(917) 325-5381
Source:
Nobleblackandpartners
Added: Oct 8
Changed: Nov 6
Last Checked: Nov 6 at 6:24PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
At 930 Park Avenue, this 852-square-foot maisonette occupies a corner position with east-facing Park Avenue and north-facing 81st Street exposure. The renovated layout has a foyer, two principal rooms measuring 19'4" x 13'1' and 14'10" x 12'0", plus a third room measuring 15'0' x 7'0'. Two half baths, central air conditioning, and five large closets are also included. Separate access is available from the building lobby and a private vestibule off Park Avenue. The space is currently arranged as a consultation suite; the third room could accommodate a kitchen and washer/dryer, and the listing describes potential configurations ranging from one or two bedrooms to a residence with a home office or guest suite.
Designed by Schwartz & Gross in 1916, the cooperative provides a 24-hour doorman, live-in resident manager, fitness center, laundry room, and bicycle room. Central Park, Museum Mile, and Madison Avenue boutiques and restaurants are identified as nearby destinations. The building is pet friendly.
Designed by Schwartz & Gross in 1916, the cooperative provides a 24-hour doorman, live-in resident manager, fitness center, laundry room, and bicycle room. Central Park, Museum Mile, and Madison Avenue boutiques and restaurants are identified as nearby destinations. The building is pet friendly.
Key Highlights
- 852‑square‑foot maisonette with east‑facing Park Avenue and north‑facing 81st Street exposure
- Two principal rooms measure 19'4" x 13'1' and 14'10" x 12'0"; third room measures 15'0' x 7'0'
- Two half baths, central air conditioning, and five large closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,657
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,140
$533.1K
Cap Rate 7%
$380,814
$380.8K
Cap Rate 9%
$296,189
$296.2K
Market Conditions
NOI Build-Up for 852 SF
Gross rent
$51.0K $59.88/SF
− Vacancy
−$2.6K −$2.99/SF
EGI
$48.5K $56.89/SF
− OpEx
−$21.8K −$25.60/SF
NOI
$26.7K $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%
$533,140
Cap Rate 7%
$380,814
Cap Rate 9%
$296,189
Alternative Uses
Best Use
Apartment 5plus
$380.8K
$333.2K – $444.3K
NOI $26,657 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.47M
NOI $148,452 @ 7.0% cap · market cap 17.46%
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
19,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Market
Average Price Trend$/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 - The renovated interior includes two principal rooms, a third adaptable room, two half baths, and central air conditioning.
Where is this residential income property located?
The property is located at 930 Park Avenue 1C Manhattan, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 852‑square‑foot maisonette with east‑facing Park Avenue and north‑facing 81st Street exposure; Two principal rooms measure 19'4" x 13'1' and 14'10" x 12'0"; third room measures 15'0' x 7'0'; Two half baths, central air conditioning, and five large closets
