535 E 72nd Street #4A
About This Property
The Black & Whites includes 527-541 East 72nd Street and was rebuilt in 1983. This long-established cooperative has history dating back to 1984 and was featured in the East Side Feed in May 2023 as "The Prettiest Street on the Upper East Side. The building has a live in super, handyman, a package room, private storage (wait list), bike storage, recycling room and is pet friendly. Easy access to the Q (2 blocks away) and plenty of restaurants and shops in the neighborhood. Financing required is 75%. The board does not accept guarantors or maintenance in escrow in lieu of adequate financials. Subletting is permitted after 2 years of ownership with board approval (inquire for more details on the policy). Coop allows pied a terre. Every package is reviewed based on it's own merits.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 10, 2024 | Sold | $510,000 | |
Sold | |||
Mar 1, 2024 | In contract | - | |
In contract | |||
Oct 11, 2023 | Price Decreased |
$549,000
↓ $50K
(8.4%)
|
|
Price Decreased | |||
Sep 6, 2023 | Listed by Sothebys International Realty | $599,000 | |
Listed by Sothebys International Realty | |||
Feb 8, 2022 | Sold to Natalie Greene | $535,000 | |
Sold to Natalie Greene |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/05/2024
|
2 Bed
|
2 Bath
|
-
|
$1,000,000
2 Bed
2 Bath
|
$999,999
0.00%
07/02/2024
|
-
|
Matthew Hughes
Brown Harris Stevens Residential Sales LLC
|
|
09/26/2023
|
Studio
|
1 Bath
|
-
|
$475,000
Studio
1 Bath
|
$450,000
-5.26%
07/02/2024
|
-
|
Jill Roosevelt
Brown Harris Stevens Residential Sales LLC
|
|
09/06/2023
|
1 Bed
|
1 Bath
|
-
|
$599,000
1 Bed
1 Bath
|
$510,000
-14.86%
05/10/2024
|
-
|
Celeste Pandhi
Level Group, Inc.
|
|
05/09/2022
|
1 Bed
|
1 Bath
|
-
|
$525,000
1 Bed
1 Bath
|
$500,000
-4.76%
11/07/2023
|
-
|
Miriam Richards
Compass
|
|
09/08/2021
|
1 Bed
|
1 Bath
|
-
|
$549,000
1 Bed
1 Bath
|
$535,000
-2.55%
02/08/2022
|
William Rodgers
Sothebys International Realty
|
||
04/13/2021
|
2 Bed
|
2 Bath
|
-
|
$1,295,000
2 Bed
2 Bath
|
$1,370,000
+5.79%
10/12/2021
|
Davide Somasca
Compass
|
||
10/12/2020
|
1 Bed
|
1 Bath
|
900 ft²
|
$650,000
1 Bed
1 Bath
900 ft²
|
$650,000
02/19/2021
|
Knight Meem
Compass
|
||
10/06/2016
|
1 Bed
|
1 Bath
|
600 ft²
|
$620,000
1 Bed
1 Bath
600 ft²
|
$620,000
02/05/2021
|
-
|
Gordon Roberts
Sothebys International Realty
|
|
09/28/2015
|
1 Bed
|
1 Bath
|
-
|
$579,000
1 Bed
1 Bath
|
-
08/02/2016
|
Douglas Russell
Brown Harris Stevens Residential Sales LLC
|
||
09/11/2015
|
2 Bed
|
2 Bath
|
-
|
$1,090,000
2 Bed
2 Bath
|
$1,090,000
11/09/2015
|
Douglas Russell
Brown Harris Stevens Residential Sales LLC
|
||
08/07/2013
|
2 Bed
|
2 Bath
|
-
|
$860,000
2 Bed
2 Bath
|
$860,000
08/14/2013
|
Elizabeth Goss
Stribling & Associates Ltd
|
||
06/18/2012
|
2 Bed
|
2 Bath
|
1050 ft²
|
$849,000
2 Bed
2 Bath
1050 ft²
|
$840,000
-1.06%
12/31/2012
|
-
|
Gordon Roberts
Sothebys International Realty
|