One-Bedroom Residential Income
118 E 60TH Street 19F, Manhattan, NY 10022
For Sale
$625,000
Renovated cooperative residence with an open kitchen, custom storage, hardwood floors, and full-service building amenities.
Property Size640 SF
Price / SF$976.56
Days on Market84
Property Features for 118 E 60TH Street 19F
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24-hour doorman
concierge
live-in building manager
covered circular driveway
laundry
storage
bike rooms
valet parking garage
landscaped garden
roofdeck
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Lydia H Sussek · License NY 40SU1173761
(917) 721-7853
Source:
Carlinwright
Added: Aug 18
Changed: Nov 9
Last Checked: Nov 8 at 4:22PM
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.
Residence 19F at Plaza Tower is a 640-square-foot, south-facing one-bedroom cooperative apartment completed in 1964. The home includes a 15-by-22-foot living room with a full wall of windows, hardwood floors, custom millwork, generous closets, and two HVAC units. Its open kitchen features quartz countertops, stainless steel appliances, custom storage, and a breakfast bar. The bathroom is fully tiled and includes a built-in makeup area and additional storage.
Plaza Tower provides 24-hour doorman and concierge coverage, a live-in building manager, and a covered circular driveway. Building amenities include laundry, storage and bike rooms subject to availability, an adjacent valet parking garage, a landscaped garden with fountain, and a roof deck with Central Park views. The property is located at 118 E 60TH Street in New York City, half a block from Bloomingdales and major transit, with Central Park 2 1/2 blocks away. Pied-à-terres are permitted.
Plaza Tower provides 24-hour doorman and concierge coverage, a live-in building manager, and a covered circular driveway. Building amenities include laundry, storage and bike rooms subject to availability, an adjacent valet parking garage, a landscaped garden with fountain, and a roof deck with Central Park views. The property is located at 118 E 60TH Street in New York City, half a block from Bloomingdales and major transit, with Central Park 2 1/2 blocks away. Pied-à-terres are permitted.
Key Highlights
- 640 SF south‑facing one‑bedroom cooperative apartment
- 15' x 22' living room with full‑wall windows
- Open kitchen with quartz counters, stainless steel appliances, storage, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,024
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,480
$400.5K
Cap Rate 7%
$286,057
$286.1K
Cap Rate 9%
$222,489
$222.5K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$38.3K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$36.4K $56.89/SF
− OpEx
−$16.4K −$25.60/SF
NOI
$20.0K $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%
$400,480
Cap Rate 7%
$286,057
Cap Rate 9%
$222,489
Alternative Uses
Best Use
Apartment 5plus
$286.1K
$250.3K – $333.7K
NOI $20,024 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.4K
$391.5K – $522.0K
NOI $31,321 @ 7.0% cap · market cap 5.01%
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 Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated cooperative residence with an open kitchen, custom storage, hardwood floors, and full-service building amenities.
Where is this residential income property located?
The property is located at 118 E 60TH Street 19F Manhattan, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 640 SF south‑facing one‑bedroom cooperative apartment; 15' x 22' living room with full‑wall windows; Open kitchen with quartz counters, stainless steel appliances, storage, and breakfast bar
