One-Bedroom Residential Income
For Sale
$799,000
Pending
16 W 16TH Street 14MN, New York City, NY 10011
Cooperative apartment with flexible dining or office space, extensive storage, and access to full-service building amenities.
Property Size745 SF
Days on Market80
Property Features for 16 W 16TH Street 14MN
General Information
Standard status
Pending
Size
745 SF
Property subtype
Apartment
Building Details
Building Size
745 SF
Year Built
1964
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Jeffrey N Goodman
(212) 381-2280
Source:
Tricialee
Added: Jul 22
Changed: Oct 6
Last Checked: Oct 7 at 5:37PM
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 745-square-foot, one-bedroom cooperative apartment is positioned at the rear of the building and receives southern light through picture windows. The layout includes a living room, separate dining area that can serve as a home office, galley kitchen with substantial cabinetry, counter space and dishwasher, and a tiled bathroom with a Jacuzzi tub. Original wood tile flooring, through-the-wall air conditioning, and two walk-in closets add practical features, including a large entry closet and additional storage near the dining area.
The 1964 building provides a renovated lobby and hallways, full-time door staff, a resident superintendent, an on-site managing agent, and 24-hour maintenance staff. Additional amenities include laundry facilities, a bike room, private storage, and an on-site garage. The cooperative permits pets, pied-à-terre ownership, co-purchasing, and gifting. The property is near Union Square, Chelsea, Flatiron, and Greenwich Village, with nearby shopping, restaurants, cafés, nightlife, and multiple subway lines.
The 1964 building provides a renovated lobby and hallways, full-time door staff, a resident superintendent, an on-site managing agent, and 24-hour maintenance staff. Additional amenities include laundry facilities, a bike room, private storage, and an on-site garage. The cooperative permits pets, pied-à-terre ownership, co-purchasing, and gifting. The property is near Union Square, Chelsea, Flatiron, and Greenwich Village, with nearby shopping, restaurants, cafés, nightlife, and multiple subway lines.
Key Highlights
- 745‑square‑foot one‑bedroom cooperative apartment
- Separate dining area offers flexible home office use
- Two walk‑in closets provide substantial storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,309
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,180
$466.2K
Cap Rate 7%
$332,986
$333.0K
Cap Rate 9%
$258,989
$259.0K
Market Conditions
NOI Build-Up for 745 SF
Gross rent
$44.6K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.4K $56.89/SF
− OpEx
−$19.1K −$25.60/SF
NOI
$23.3K $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%
$466,180
Cap Rate 7%
$332,986
Cap Rate 9%
$258,989
Alternative Uses
Best Use
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,309 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,809 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Cooperative apartment with flexible dining or office space, extensive storage, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 16 W 16TH Street 14MN New York City, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 745‑square‑foot one‑bedroom cooperative apartment; Separate dining area offers flexible home office use; Two walk‑in closets provide substantial storage
