Renovated Residential Income
118 E 60TH Street 11C, New York City, NY 10022
For Sale
$849,995
Fully renovated cooperative residence with flexible bedroom potential, private outdoor space, custom storage, and premium appliances.
Property Size940 SF
Price / SF$904.25
Days on Market75
Property Features for 118 E 60TH Street 11C
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
24-hour doorman
concierge service
laundry facilities
roof deck
private balcony
Building Details
Year Built
Listing Agency:
Corcoran Group
Listed By:
Nihal Metin · License #10401377254 (NY)
(917) 902-2037
Source:
Tricialee
Added: Aug 27
Changed: Nov 2
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 940-square-foot residential income property is a fully renovated Junior 4 residence at Plaza Tower. The flexible layout offers potential for a true two-bedroom configuration, with an alternative floor plan available. Interior features include an open living and dining area, wide-plank hardwood flooring, a private balcony, an eat-in kitchen, custom built-ins, and an oversized bedroom with a walk-in closet. The kitchen includes Liebherr, Miele, GE, and Bosch appliances, while the bathroom has floor-to-ceiling tile and a glass-enclosed shower.
Built in 1964, Plaza Tower is a full-service cooperative with a 24-hour doorman and concierge, renovated common areas, modern laundry facilities, and a roof deck with city and park views. The property is located at 118 E 60th Street in New York City, between Park and Lexington Avenues, with Central Park, Fifth Avenue, Madison Avenue, Bloomingdale's, and multiple subway lines within easy reach.
Built in 1964, Plaza Tower is a full-service cooperative with a 24-hour doorman and concierge, renovated common areas, modern laundry facilities, and a roof deck with city and park views. The property is located at 118 E 60th Street in New York City, between Park and Lexington Avenues, with Central Park, Fifth Avenue, Madison Avenue, Bloomingdale's, and multiple subway lines within easy reach.
Key Highlights
- 940‑square‑foot fully renovated Junior 4 residence
- Flexible layout with potential for a true two‑bedroom configuration
- Private balcony and open living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,410
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,200
$588.2K
Cap Rate 7%
$420,143
$420.1K
Cap Rate 9%
$326,778
$326.8K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$56.3K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.5K $56.89/SF
− OpEx
−$24.1K −$25.60/SF
NOI
$29.4K $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%
$588,200
Cap Rate 7%
$420,143
Cap Rate 9%
$326,778
Alternative Uses
Best Use
Apartment 5plus
$420.1K
$367.6K – $490.2K
NOI $29,410 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$657.2K
$575.0K – $766.7K
NOI $46,002 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
42,557
Businesses Nearby
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Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Fully renovated cooperative residence with flexible bedroom potential, private outdoor space, custom storage, and premium appliances.
Where is this residential income property located?
The property is located at 118 E 60TH Street 11C New York City, NY.
What is the asking price?
The asking price for this property is $849,995.
What are key features of this property?
This property features: 940‑square‑foot fully renovated Junior 4 residence; Flexible layout with potential for a true two‑bedroom configuration; Private balcony and open living and dining area
