Renovated Residential Income
For Sale
$629,000
139 E 33RD Street 7L, Manhattan, NY 10016
A one-bedroom, one-bath residence in a full-service cooperative building with doorman service and laundry.
Property Size800 SF
Price / SF$786.25
Days on Market22
Property Features for 139 E 33RD Street 7L
General Information
Standard status
Active
Size
800 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
live-in super
24/7 hour doorman
bike storage
laundry
Building Details
Building Size
800 SF
Year Built
1957
Listing Agency:
Corcoran Group
Listed By:
Caroline Germain · License #10401215428 (NY)
(917) 797-7559
Source:
Howardhannanyc
Added: Oct 10
Changed: Oct 31
Last Checked: Oct 30 at 7:15PM
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 renovated one-bedroom, one-bath residence has an open kitchen, a dining alcove, multiple double-sized closets, and windows facing west in the living room and north in the bedroom. The Wendhorn is an elevator cooperative with a live-in superintendent, 24-hour doorman, bike storage, and laundry facilities.
The building is one block from the 33rd Street 6 train station and is served by multiple bus lines. Restaurants and bars along Third Avenue, shopping around Herald Square, and a Trader Joe’s two blocks away are among the nearby destinations.
Subletting is permitted after one year of ownership for up to seven years. Dogs under 25 pounds and cats require board approval. Co-purchasing is allowed; pied-à-terre use, gifting, guarantors, and parent purchases are considered individually.
The building is one block from the 33rd Street 6 train station and is served by multiple bus lines. Restaurants and bars along Third Avenue, shopping around Herald Square, and a Trader Joe’s two blocks away are among the nearby destinations.
Subletting is permitted after one year of ownership for up to seven years. Dogs under 25 pounds and cats require board approval. Co-purchasing is allowed; pied-à-terre use, gifting, guarantors, and parent purchases are considered individually.
Key Highlights
- Renovated one‑bedroom, one‑bath residence
- Living room windows face west; bedroom windows face north
- Full‑service elevator cooperative with 24‑hour doorman and live‑in superintendent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 22.16%
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
86,390
Businesses Nearby
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Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom, one-bath residence in a full-service cooperative building with doorman service and laundry.
Where is this residential income property located?
The property is located at 139 E 33RD Street 7L Manhattan, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Renovated one‑bedroom, one‑bath residence; Living room windows face west; bedroom windows face north; Full‑service elevator cooperative with 24‑hour doorman and live‑in superintendent
