Park Avenue Apartment
For Sale
$1,375,000
Pending
993 Park Ave 4C, New York, NY 10028
Apartment building located on Park Avenue, New York.
Property Size1,385 SF
Lot Size0.31 Acres
Days on Market318
Property Features for 993 Park Ave 4C
General Information
Standard status
Pending
Size
1,385 SF
Lot size
0.31 Acres
Property subtype
Residential
Building Details
Building Size
1,385 SF
Year Built
1915
Units
49
Listed By:
Stephanie Rappoport
(646) 541-5239
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 25
Last Checked: Oct 9 at 11:54PM
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 Stephanie Rappoport
Investment Insights
Based on property information with market context.
This apartment building is located at 993 Park Ave 4C, New York, NY 10028. The list price is $1,375,000.
Key Highlights
- Year Built: 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,333
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,660
$866.7K
Cap Rate 7%
$619,043
$619.0K
Cap Rate 9%
$481,478
$481.5K
Market Conditions
NOI Build-Up for 1,385 SF
Gross rent
$82.9K $59.88/SF
− Vacancy
−$4.1K −$2.99/SF
EGI
$78.8K $56.89/SF
− OpEx
−$35.5K −$25.60/SF
NOI
$43.3K $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%
$866,660
Cap Rate 7%
$619,043
Cap Rate 9%
$481,478
Alternative Uses
Best Use
Apartment 5plus
$619.0K
$541.7K – $722.2K
NOI $43,333 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.45M
$3.02M – $4.02M
NOI $241,322 @ 7.0% cap · market cap 17.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building located on Park Avenue, New York.
Where is this apartment building located?
The property is located at 993 Park Ave 4C New York, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Year Built: 1915
