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Mixed-Use Multifamily Building
For Sale
Contact for pricing
Pending

257 W 55th St, New York, NY 10019

Seven-story mixed-use building with eight renovated, individually metered one-bedroom units and one currently vacant penthouse.

Property Size13,725 SF
Days on Market136

Property Features for 257 W 55th St

General Information

Standard status Pending
Size 13,725 SF
Property subtype Mixed Use

Additional Details

Multifamily Units 8

Building Details

Stories 7
Listing Agency: RI Manhattan Realty
Listed By: Robert Isaacs · License #NY
Source: Crexi
Added: Apr 11 Changed: Aug 15 Last Checked: Aug 22 at 3:59PM

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 RI Manhattan Realty

Investment Insights

Based on property information with market context.

The property is a seven-story mixed-use building offering eight large, recently renovated one-bedroom units, each individually metered for heat and electric. One penthouse unit is currently vacant, and the remaining seven units include two month-to-month tenants. Lease expiration dates are noted for four units expiring on 12.12 and one unit set to expire on 4.13. All units are described as free-market.

The offering is positioned as a live-plus-income structure with projected gross annual income of $578,400 and a projected NOI of $406,155.

The building is approximately 25 feet wide and includes a total size of 13,725 square feet, providing a compact vertical setup for residential income within the mixed-use format.

Key Highlights

  • Approximately 13,725 SF seven‑story mixed‑use building with eight one‑bedroom units
  • Eight recently renovated one‑bedroom units are individually metered for heat and electric
  • One penthouse unit is currently vacant; remaining units include month‑to‑month and leased tenants

Property Analytics

Current Use

Nocello Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Adult Day Care Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

43,398
Businesses Nearby

Demographics for 10019, NY

49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-story mixed-use building with eight renovated, individually metered one-bedroom units and one currently vacant penthouse.
Where is this apartment building located?
The property is located at 257 W 55th St New York, NY.
What are key features of this property?
This property features: Approximately 13,725 SF seven‑story mixed‑use building with eight one‑bedroom units; Eight recently renovated one‑bedroom units are individually metered for heat and electric; One penthouse unit is currently vacant; remaining units include month‑to‑month and leased tenants
(917) 346-6517 Call to check price and availability
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