Renovated Residential Income
118 E 60TH Street 7B, Manhattan, NY 10022
For Sale
$659,000
Renovated one-bedroom cooperative with a private balcony, soundproof windows, and extensive building services.
Property Size830 SF
Price / SF$793.98
Days on Market519
Property Features for 118 E 60TH Street 7B
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
covered circular driveway
planted garden/fountain
24-hour doorman
concierge
resident super
roof deck
central laundry
package room
storage
bike storage rooms
private balcony
soundproof windows
home sound system
Building Details
Building Size
Year Built
Listing Agency:
Christies International Real Estate New York
Listed By:
Steven D Hoffman
(646) 505-8184
Source:
Carytamura
Added: Jun 9, 2025
Changed: Nov 7
Last Checked: Nov 8 at 1:51PM
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 Christies International Real Estate New York
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Investment Insights
Based on property information with market context.
This one-bedroom cooperative residence was renovated with a windowed kitchen featuring stone countertops, tempered-glass backsplashes, a Bertazzoni stove and microwave, plus a Blomberg refrigerator and dishwasher. The updated bathroom includes oversized stone tile and a glass tub enclosure. A private balcony with a wood deck extends from the living room, while soundproof windows, a home sound system, and seven closets add practical features. The apartment is identified as unit 7B at 118 E 60th Street and is in a building completed in 1964.
Plaza Towers provides a covered circular driveway, planted garden with fountain, 24-hour doorman service, concierge coverage from 7am to 11pm, and a resident superintendent. Building amenities include a roof deck, central laundry, package room, storage, and bike storage rooms. Parking next to the building is open 24/7. The cooperative has no flip-tax, permits as little as 25% down, and considers pied-à-terre use case by case.
Plaza Towers provides a covered circular driveway, planted garden with fountain, 24-hour doorman service, concierge coverage from 7am to 11pm, and a resident superintendent. Building amenities include a roof deck, central laundry, package room, storage, and bike storage rooms. Parking next to the building is open 24/7. The cooperative has no flip-tax, permits as little as 25% down, and considers pied-à-terre use case by case.
Key Highlights
- Renovated one‑bedroom cooperative residence with private balcony and wood deck
- Windowed kitchen with stone counters, tempered‑glass backsplashes, and named appliances
- Soundproof windows, home sound system, and seven closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,968
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,360
$519.4K
Cap Rate 7%
$370,971
$371.0K
Cap Rate 9%
$288,533
$288.5K
Market Conditions
NOI Build-Up for 830 SF
Gross rent
$49.7K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$47.2K $56.89/SF
− OpEx
−$21.2K −$25.60/SF
NOI
$26.0K $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%
$519,360
Cap Rate 7%
$370,971
Cap Rate 9%
$288,533
Alternative Uses
Best Use
Apartment 5plus
$371.0K
$324.6K – $432.8K
NOI $25,968 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.3K
$507.7K – $677.0K
NOI $40,619 @ 7.0% cap · market cap 6.16%
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
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated one-bedroom cooperative with a private balcony, soundproof windows, and extensive building services.
Where is this residential income property located?
The property is located at 118 E 60TH Street 7B Manhattan, NY.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Renovated one‑bedroom cooperative residence with private balcony and wood deck; Windowed kitchen with stone counters, tempered‑glass backsplashes, and named appliances; Soundproof windows, home sound system, and seven closets
