Residential Income Property with Roof
155 E 34TH Street 11H, Manhattan, NY 10016
For Sale
$585,000
Pending
South-facing residence with hardwood flooring, central HVAC, four closets, and access to extensive building services.
Property Size560 SF
Days on Market54
Property Features for 155 E 34TH Street 11H
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
full-time concierge
on-site building manager
fully renovated lobby
roof deck
common laundry facility
on-site parking garage
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Alexandra R Bellak · License NY #10301201635
(917) 626-7404
Source:
Dallien
Added: Sep 17
Changed: Nov 7
Last Checked: Nov 8 at 8:53PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 560-square-foot, south-facing residence at 155 E 34th Street features an open living arrangement suited to everyday living and entertaining. The kitchen includes white cabinetry, full appliances, and a Whirlpool dishwasher. Hardwood floors, four closets, central air conditioning and heating, and a tiled bathroom with a newer vanity complete the interior. The property was built in 1962.
Warren House provides a 24-hour doorman, full-time concierge, on-site building manager, high-speed elevators, and an extensively renovated lobby. Residents also have access to a roof deck with 360-degree city views, an on-site parking garage, and a fully equipped common laundry facility. The #6 train, Penn Station, and Grand Central Terminal are accessible from the property.
Warren House provides a 24-hour doorman, full-time concierge, on-site building manager, high-speed elevators, and an extensively renovated lobby. Residents also have access to a roof deck with 360-degree city views, an on-site parking garage, and a fully equipped common laundry facility. The #6 train, Penn Station, and Grand Central Terminal are accessible from the property.
Key Highlights
- 560‑square‑foot south‑facing residence
- White‑cabinet kitchen with full appliances and Whirlpool dishwasher
- Hardwood floors, central air conditioning and heating, and four closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,521
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,420
$350.4K
Cap Rate 7%
$250,300
$250.3K
Cap Rate 9%
$194,678
$194.7K
Market Conditions
NOI Build-Up for 560 SF
Gross rent
$33.5K $59.88/SF
− Vacancy
−$1.7K −$2.99/SF
EGI
$31.9K $56.89/SF
− OpEx
−$14.3K −$25.60/SF
NOI
$17.5K $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%
$350,420
Cap Rate 7%
$250,300
Cap Rate 9%
$194,678
Alternative Uses
Best Use
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,521 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.5K
$342.6K – $456.8K
NOI $27,406 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,841
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
$928,400
Median Home Value
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Market
Average Price Trend$/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 - South-facing residence with hardwood flooring, central HVAC, four closets, and access to extensive building services.
Where is this residential income property located?
The property is located at 155 E 34TH Street 11H Manhattan, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 560‑square‑foot south‑facing residence; White‑cabinet kitchen with full appliances and Whirlpool dishwasher; Hardwood floors, central air conditioning and heating, and four closets
