Studio Residential Income
For Sale
$545,000
180 Park Row 13E, New York City, NY 10038
Updated studio with a full-size kitchen, hardwood floors, ample closets, and building services including a 24-hour doorman.
Property Size550 SF
Price / SF$990.91
Days on Market27
Property Features for 180 Park Row 13E
General Information
Standard status
Active
Size
550 SF
Property subtype
Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
24-hour doorman
central air conditioning
garden plaza
bike facilities
laundry facilities
Building Details
Year Built
1965
Listing Agency:
Cicada International LLC
Listed By:
Jean Lo
(212) 495-9377
Source:
Nilelundgren
Added: Oct 9
Changed: Nov 4
Last Checked: Nov 3 at 3:07PM
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 Cicada International LLC
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Investment Insights
Based on property information with market context.
This 550-square-foot studio at Chatham Towers has a flexible layout with a full-size kitchen, a spacious living area, hardwood floors, and generous closet storage. Two double-paned picture windows, each 7 feet tall, bring in natural light and frame views of the Manhattan Bridge, the Lower East Side, Chinatown, and Midtown landmarks. The unit was updated, and the building dates to 1965.
Building amenities include a 24-hour doorman, central air conditioning, a garden plaza, parking, bike facilities, and laundry. The pet-friendly property is downtown, between TriBeCa, Chinatown, and the Financial District, with SoHo and the Lower East Side also nearby.
Building amenities include a 24-hour doorman, central air conditioning, a garden plaza, parking, bike facilities, and laundry. The pet-friendly property is downtown, between TriBeCa, Chinatown, and the Financial District, with SoHo and the Lower East Side also nearby.
Key Highlights
- Approximately 550 sq. ft. studio with a flexible layout
- Two double‑paned 7' picture windows with views toward the Manhattan Bridge, Chinatown, the Lower East Side, and Midtown
- Full‑size kitchen, hardwood floors, and generous closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,208
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,160
$344.2K
Cap Rate 7%
$245,829
$245.8K
Cap Rate 9%
$191,200
$191.2K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$32.9K $59.88/SF
− Vacancy
−$1.6K −$2.99/SF
EGI
$31.3K $56.89/SF
− OpEx
−$14.1K −$25.60/SF
NOI
$17.2K $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%
$344,160
Cap Rate 7%
$245,829
Cap Rate 9%
$191,200
Alternative Uses
Best Use
Apartment 5plus
$245.8K
$215.1K – $286.8K
NOI $17,208 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,832 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
36,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Updated studio with a full-size kitchen, hardwood floors, ample closets, and building services including a 24-hour doorman.
Where is this residential income property located?
The property is located at 180 Park Row 13E New York City, NY.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Approximately 550 sq. ft. studio with a flexible layout; Two double‑paned 7' picture windows with views toward the Manhattan Bridge, Chinatown, the Lower East Side, and Midtown; Full‑size kitchen, hardwood floors, and generous closet storage
