Prewar Residential Income
17 E 97th Street 5A, Manhattan, NY 10029
For Sale
$1,800,000
A corner cooperative residence pairs generous interior proportions with a private basement storage room.
Property Size1,600 SF
Price / SF$1,125
Days on Market244
Property Features for 17 E 97th Street 5A
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
live-in superintendent
central laundry
private storage
virtual doorman
shredding service
private storage room
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Kelly Cole
(917) 575-8375
Source:
Irynaferenets
Added: Mar 11
Changed: Nov 8
Last Checked: Nov 8 at 9:05PM
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 Compass
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Investment Insights
Based on property information with market context.
This corner residence in The Mannados, a 24-unit cooperative built circa 1904, offers nearly 1,600 square feet of living space. Eleven windows, original hardwood floors, prewar details and ceilings over 9 feet characterize the interior. A 46-foot gallery separates the entertaining area from the bedroom wing. The living and dining room spans nearly 31 feet and has four east-facing windows. The kitchen includes a washing machine, pantry, cabinetry and a vintage double cast-iron sink. Three bedrooms include two large rear bedrooms; the third, formerly a staff room, has an en-suite half bath. A full bathroom serves the rear bedrooms, and six closets provide storage. A large private basement storage room is included in the sale.
Building features include a live-in superintendent, central laundry, virtual doorman for packages and shredding service. The property is one block from Central Park and near Museum Mile, the 6 train, crosstown buses, cafes and restaurants.
Building features include a live-in superintendent, central laundry, virtual doorman for packages and shredding service. The property is one block from Central Park and near Museum Mile, the 6 train, crosstown buses, cafes and restaurants.
Key Highlights
- Nearly 1,600 square feet in a corner residence with 11 windows
- 24‑unit cooperative building constructed circa 1904
- 46‑foot gallery and living/dining room spanning nearly 31 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,016
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,320
$1.2M
Cap Rate 7%
$871,657
$871.7K
Cap Rate 9%
$677,956
$678.0K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$115.2K $72.00/SF
− Vacancy
−$4.3K −$2.66/SF
EGI
$110.9K $69.34/SF
− OpEx
−$49.9K −$31.20/SF
NOI
$61.0K $38.13/SF
Area
ZIP 10029
Vacancy
3.70%
Lease Rate
$72.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,320
Cap Rate 7%
$871,657
Cap Rate 9%
$677,956
Alternative Uses
Best Use
Apartment 5plus
$871.7K
$762.7K – $1.02M
NOI $61,016 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.8K – $1.31M
NOI $78,302 @ 7.0% cap · market cap 4.35%
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
11,482
Businesses Nearby
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Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - A corner cooperative residence pairs generous interior proportions with a private basement storage room.
Where is this residential income property located?
The property is located at 17 E 97th Street 5A Manhattan, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Nearly 1,600 square feet in a corner residence with 11 windows; 24‑unit cooperative building constructed circa 1904; 46‑foot gallery and living/dining room spanning nearly 31 feet
