Residential Income Property with Loft
144 W 27TH Street 10F, Manhattan, NY 10001
For Sale
$1,550,000
Open kitchen, generous great room, abundant windows, and a shared balcony shape the residence.
Property Size1,822 SF
Price / SF$850.71
Days on Market250
Property Features for 144 W 27TH Street 10F
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
planted roof deck
bike room
full-time super
in-unit washer/dryer
central air conditioning
balcony
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Lisa Gaytan
(718) 613-2005
Source:
Philipscheinfeld
Added: Mar 5
Changed: Nov 8
Last Checked: Nov 8 at 1:34PM
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 Brown Harris Stevens Brooklyn LLC
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Investment Insights
Based on property information with market context.
This 1,822-square-foot residential income property occupies the 10th floor of a prewar condominium completed in 1938. The current layout includes three bedrooms and two bathrooms, with an open kitchen, a large great room, high ceilings, and windows spanning the north wall plus an east-facing side window. A shared balcony, washer and dryer, and central air conditioning are also included.
The building at 144 W 27th Street is between 6th and 7th Avenues in New York City. Its 24 residential loft units and one commercial unit are served by two passenger elevators and a rear freight elevator. Building amenities include a planted roof deck and bike room, with a full-time superintendent on site. Heat and hot water are included in monthly common charges. The property is near FIT, transportation, dining, retail, Chelsea art galleries, and the High Line.
The building at 144 W 27th Street is between 6th and 7th Avenues in New York City. Its 24 residential loft units and one commercial unit are served by two passenger elevators and a rear freight elevator. Building amenities include a planted roof deck and bike room, with a full-time superintendent on site. Heat and hot water are included in monthly common charges. The property is near FIT, transportation, dining, retail, Chelsea art galleries, and the High Line.
Key Highlights
- 1,822‑square‑foot 10th‑floor residence
- Current configuration includes 3 bedrooms and 2 bathrooms
- Open kitchen and large great room with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,005
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,100
$1.1M
Cap Rate 7%
$814,357
$814.4K
Cap Rate 9%
$633,389
$633.4K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$109.1K $59.88/SF
− Vacancy
−$5.5K −$2.99/SF
EGI
$103.6K $56.89/SF
− OpEx
−$46.6K −$25.60/SF
NOI
$57.0K $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%
$1,140,100
Cap Rate 7%
$814,357
Cap Rate 9%
$633,389
Alternative Uses
Best Use
Apartment 5plus
$814.4K
$712.6K – $950.1K
NOI $57,005 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,166 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
69,988
Businesses Nearby
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Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
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Market
Average Price Trend$/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 - Open kitchen, generous great room, abundant windows, and a shared balcony shape the residence.
Where is this residential income property located?
The property is located at 144 W 27TH Street 10F Manhattan, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 1,822‑square‑foot 10th‑floor residence; Current configuration includes 3 bedrooms and 2 bathrooms; Open kitchen and large great room with high ceilings
