Two-Bedroom Residential Income
For Sale
$815,000
150 West 55th Street, New York, NY 10019
Prewar apartment with a flexible layout, built-in storage, and three exposures in Manhattan.
Property Size1,075 SF
Price / SF$758.14
Days on Market32
Property Features for 150 West 55th Street
General Information
Standard status
Active
Size
1,075 SF
Elevators
Yes
Property subtype
Mixed
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
doorman
central laundry room
bike storage
additional storage
Beamed ceilings
Central air
Den/office
Dining in foyer
Dining in living room
Dishwasher
En suite
Entry/foyer
Hardwood floors
High ceilings
Oversized tub
Pet friendly
Storage space
Windowed kitchen
Bike Room
Doorman
Elevator
Good light
Building Details
Year Built
1922
Units
51
Listing Agency:
Chelsea/Flatiron
Listed By:
Jeff Nolan · License #10301207468
(212) 260-0562
Source:
Corcoran
Added: Sep 22
Changed: Oct 16
Last Checked: Oct 20 at 9:41PM
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 Chelsea/Flatiron
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Investment Insights
Based on property information with market context.
Residence 8D is a prewar apartment offering approximately 1,075 square feet, two bedrooms, and 1.5 baths. Its layout includes a separate entry, a living and dining area, and a windowed kitchen. Hardwood floors, beamed ceilings, built-in shelving, and eight closets provide useful storage, with an additional storage cage included. North, south, and west exposures bring windows into multiple sides of the home.
The building at 150 West 55th Street dates to 1922 and is a full-service cooperative with a full-time doorman, elevator, central laundry, and bike storage. It is situated between Sixth and Seventh Avenues, near Central Park, Carnegie Hall, New York City Center, MoMA, Columbus Circle, Broadway theaters, and Fifth Avenue shopping. N/Q/R/W, B/D/E, F, and A/B/C/D/1 subway lines are within easy reach.
The building at 150 West 55th Street dates to 1922 and is a full-service cooperative with a full-time doorman, elevator, central laundry, and bike storage. It is situated between Sixth and Seventh Avenues, near Central Park, Carnegie Hall, New York City Center, MoMA, Columbus Circle, Broadway theaters, and Fifth Avenue shopping. N/Q/R/W, B/D/E, F, and A/B/C/D/1 subway lines are within easy reach.
Key Highlights
- Approximately 1,075 square feet with two bedrooms and 1.5 baths
- North, south, and west exposures
- Eight closets, built‑in shelving, and a separate storage cage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,634
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,680
$672.7K
Cap Rate 7%
$480,486
$480.5K
Cap Rate 9%
$373,711
$373.7K
Market Conditions
NOI Build-Up for 1,075 SF
Gross rent
$64.4K $59.88/SF
− Vacancy
−$3.2K −$2.99/SF
EGI
$61.2K $56.89/SF
− OpEx
−$27.5K −$25.60/SF
NOI
$33.6K $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%
$672,680
Cap Rate 7%
$480,486
Cap Rate 9%
$373,711
Alternative Uses
Best Use
Apartment 5plus
$480.5K
$420.4K – $560.6K
NOI $33,634 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,308 @ 7.0% cap · market cap 22.98%
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
60,948
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Prewar apartment with a flexible layout, built-in storage, and three exposures in Manhattan.
Where is this residential income property located?
The property is located at 150 West 55th Street New York, NY.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Approximately 1,075 square feet with two bedrooms and 1.5 baths; North, south, and west exposures; Eight closets, built‑in shelving, and a separate storage cage
