Full-Service Multifamily
New York Manhattan, NY 10023
New
New York, Manhattan, NY, 10023
$415,000
For Sale
$415,000
MULTI_FAMILY - New York (Manhattan), NY
Property Size426 SF
Price / SF$974.18
Days on Market2
Property Features for New York
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 1
- Standard status
- Active
- Size
- 426 SF
Building Details
- Year built
- 1962
Listing Agency
NextHome Platinum Properties
(516) 788-8785
113A Main St., NY
Listed by
Anthony Raimo
(516) 301-6151
Added: Jul 20 Checked: Jul 21 at 5:06 am
MLS# 973898
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This second-floor (2L) studio is set within a full-service building and faces a private interior courtyard for a notably quiet setting. The unit features a functional layout with a separate kitchen and a private hallway that leads to the bathroom and dressing area. Storage is supported by four double-door closets. The building also offers laundry, bike storage, and a fitness center, along with a 24-hour doorman and a live-in superintendent, and it is pet friendly.
The property is located on West 66th Street between Broadway and Amsterdam, one block from Lincoln Center, and within walking distance of Central Park and Riverside Park. The 1 train is conveniently down the block, and Columbus Circle provides city-wide access, with nearby grocery stores, dining, entertainment, and everyday conveniences.
The property is located on West 66th Street between Broadway and Amsterdam, one block from Lincoln Center, and within walking distance of Central Park and Riverside Park. The 1 train is conveniently down the block, and Columbus Circle provides city-wide access, with nearby grocery stores, dining, entertainment, and everyday conveniences.
Key Highlights
- Studio apartment in a full‑service building built in 1962
- Unit 2L faces a private interior courtyard for a notably quiet setting
- Features separate kitchen with a private hallway to the bathroom and dressing area
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $60.00 |
| − Vacancy | −$1.2k | −$2.88 |
| EGI | $24.3k | $57.12 |
| − OpEx | −$10.9k | −$25.70 |
| NOI | $13.4k | $31.42 |
426 SF · lease $60.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,383 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.9K
$265.0K – $353.4K
NOI $21,202 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Studio on the second floor with a separate kitchen and courtyard-facing, quiet interior outlook in a full-service building.
Where is this residential income property located?
The property is located at New York Manhattan, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Studio apartment in a full‑service building built in 1962; Unit 2L faces a private interior courtyard for a notably quiet setting; Features separate kitchen with a private hallway to the bathroom and dressing area
