Residential Income Property with
For Sale
$675,000
Pending
157 E 32nd Street 3A, New York City, NY 10016
Updated one-bedroom residence with hardwood floors, renovated bath, and full-service building amenities.
Property Size647 SF
Days on Market198
Property Features for 157 E 32nd Street 3A
General Information
Standard status
Pending
Size
647 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,346
Amenities
private balcony
24-hour doorman
fitness center
sauna
landscaped courtyard
grills
on-site laundry
Building Details
Building Size
647 SF
Year Built
1987
Listing Agency:
Daniel Gale of Brooklyn LLC
Listed By:
Lauren Kossover Gallagher
(845) 797-9582
Source:
Howardhannanyc
Added: Mar 25
Changed: Oct 6
Last Checked: Oct 7 at 4:32PM
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 Daniel Gale of Brooklyn LLC
Investment Insights
Based on property information with market context.
Residence 3A is a 647-square-foot, updated one-bedroom condominium residence at The L'Isola. The home includes a spacious living area opening to a private balcony, an updated kitchen with granite countertops, stainless steel appliances, and a pass-through, plus a bedroom sized for a king-size bed and a large walk-in closet. A renovated bathroom and hardwood floors extend throughout the residence. Built in 1987, the building provides full-service amenities including a 24-hour doorman, fitness center, sauna, landscaped courtyard with seating and grills, and on-site laundry.
Located on a quiet, tree-lined block in Kips Bay, the property is near restaurants, grocery stores, transportation, and everyday conveniences. Ownership options include pied-à-terre use, with up to 90% financing allowed.
Located on a quiet, tree-lined block in Kips Bay, the property is near restaurants, grocery stores, transportation, and everyday conveniences. Ownership options include pied-à-terre use, with up to 90% financing allowed.
Key Highlights
- 647‑square‑foot one‑bedroom residence with private balcony
- Updated kitchen with granite countertops, stainless steel appliances, and pass‑through
- King‑size bedroom with large walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,243
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,860
$404.9K
Cap Rate 7%
$289,186
$289.2K
Cap Rate 9%
$224,922
$224.9K
Market Conditions
NOI Build-Up for 647 SF
Gross rent
$38.7K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$36.8K $56.89/SF
− OpEx
−$16.6K −$25.60/SF
NOI
$20.2K $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%
$404,860
Cap Rate 7%
$289,186
Cap Rate 9%
$224,922
Alternative Uses
Best Use
Apartment 5plus
$289.2K
$253.0K – $337.4K
NOI $20,243 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,733 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
74,499
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated one-bedroom residence with hardwood floors, renovated bath, and full-service building amenities.
Where is this residential income property located?
The property is located at 157 E 32nd Street 3A New York City, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 647‑square‑foot one‑bedroom residence with private balcony; Updated kitchen with granite countertops, stainless steel appliances, and pass‑through; King‑size bedroom with large walk‑in closet
