Convertible Studio
1065 PARK Avenue 19D, Manhattan, NY 10128
For Sale
$615,000
Eastern-facing windows, custom cabinetry, high ceilings and substantial closet storage shape the interior.
Property Size600 SF
Price / SF$1,025
Days on Market24
Property Features for 1065 PARK Avenue 19D
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
HOA Fee
Public Transit
Amenities
doorman
concierge
live-in super
bike room
storage bins
garage
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Peggy K Wunderlich
(212) 891-7655
Source:
Howardhannanyc
Added: Oct 17
Changed: Nov 9
Last Checked: Nov 8 at 2:23PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 600-square-foot alcove studio has eastern exposure, a wall of windows, custom cabinets and bookcases, high ceilings, and generous closet space. Its layout can be reconfigured as a one-bedroom residence. The building dates to 1973 and has a full-time doorman, concierge, live-in superintendent, bike room, and garage. Pets and pied-à-terre use are permitted; financing of up to 75 percent is allowed.
The residence is in Carnegie Hill, near Central Park, the Jacqueline Kennedy Onassis Reservoir, Museum Mile, and the Ancient Playground. Transit options include the 86th Street transversal bus and the 4/5/6 subway lines.
The residence is in Carnegie Hill, near Central Park, the Jacqueline Kennedy Onassis Reservoir, Museum Mile, and the Ancient Playground. Transit options include the 86th Street transversal bus and the 4/5/6 subway lines.
Key Highlights
- 600‑square‑foot alcove studio with a layout that can convert to a one‑bedroom
- Eastern exposure and wall of windows
- Custom cabinets, bookcases, high ceilings and generous closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,733
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,660
$374.7K
Cap Rate 7%
$267,614
$267.6K
Cap Rate 9%
$208,144
$208.1K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$35.9K $59.88/SF
− Vacancy
−$1.9K −$3.11/SF
EGI
$34.1K $56.77/SF
− OpEx
−$15.3K −$25.54/SF
NOI
$18.7K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,660
Cap Rate 7%
$267,614
Cap Rate 9%
$208,144
Alternative Uses
Best Use
Apartment 5plus
$267.6K
$234.2K – $312.2K
NOI $18,733 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.6K
$373.3K – $497.7K
NOI $29,862 @ 7.0% cap · market cap 4.86%
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
17,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
Market
Average Price Trend$/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 - Eastern-facing windows, custom cabinetry, high ceilings and substantial closet storage shape the interior.
Where is this residential income property located?
The property is located at 1065 PARK Avenue 19D Manhattan, NY.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 600‑square‑foot alcove studio with a layout that can convert to a one‑bedroom; Eastern exposure and wall of windows; Custom cabinets, bookcases, high ceilings and generous closet space
