High-Floor Residential Income
For Sale
$600,000
155 E 34TH Street 15H, New York City, NY 10016
One-bedroom condominium with custom finishes, expansive windows, and access to full-service building amenities.
Property Size558 SF
Price / SF$1,075
Days on Market269
Property Features for 155 E 34TH Street 15H
General Information
Standard status
Active
Size
558 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24hr doorman
concierge
porter
live-in superintendent
roof deck
on-site parking garage
bike storage
storage room
laundry room
Building Details
Building Size
558 SF
Year Built
1962
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Alison B Draper
(212) 381-2331
Source:
Carytamura
Added: Dec 11, 2025
Changed: Sep 4
Last Checked: Sep 5 at 6:00AM
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 Residential Sales LLC
Investment Insights
Based on property information with market context.
This 558-square-foot, one-bedroom condominium occupies the 15th floor of a residential income property completed in 1962. The interior includes a custom kitchen with Carrera marble counters and backsplash, integrated appliances, wood paneling, artisan lighting, detailed tilework, and an oversized porcelain sink. Oak flooring, central air conditioning and heat, generous closets, and a tiled bathroom add to the functional layout. CitiQuiet windows and remote-controlled blackout shades serve the south-facing bedroom.
Building services include 24-hour doormen, a full-time concierge, porters, a live-in resident superintendent, and a furnished landscaped roof deck with 360-degree city views. The property also offers an on-site parking garage with direct building access, bike storage, a storage room, and a laundry room. Located in Murray Hill near Grand Central Station, Metro-North trains, the 34th Street Ferry Landing, Penn Station, subway and bus service, restaurants, retail, parks, and the East River waterfront path.
Building services include 24-hour doormen, a full-time concierge, porters, a live-in resident superintendent, and a furnished landscaped roof deck with 360-degree city views. The property also offers an on-site parking garage with direct building access, bike storage, a storage room, and a laundry room. Located in Murray Hill near Grand Central Station, Metro-North trains, the 34th Street Ferry Landing, Penn Station, subway and bus service, restaurants, retail, parks, and the East River waterfront path.
Key Highlights
- 558 SF one‑bedroom condominium on the 15th floor
- Custom kitchen with Carrera marble counters, integrated appliances, and oversized porcelain sink
- South‑facing bedroom with CitiQuiet windows and remote‑controlled blackout shades
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,160
$349.2K
Cap Rate 7%
$249,400
$249.4K
Cap Rate 9%
$193,978
$194.0K
Market Conditions
NOI Build-Up for 558 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.4K $59.88/SF
− Vacancy
−$1.7K −$2.99/SF
EGI
$31.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,160
Cap Rate 7%
$249,400
Cap Rate 9%
$193,978
Alternative Uses
Best Use
Apartment 5plus
$249.4K
$218.2K – $291.0K
NOI $17,458 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,226 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,841
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with custom finishes, expansive windows, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 155 E 34TH Street 15H New York City, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 558 SF one‑bedroom condominium on the 15th floor; Custom kitchen with Carrera marble counters, integrated appliances, and oversized porcelain sink; South‑facing bedroom with CitiQuiet windows and remote‑controlled blackout shades
