High-Floor Residential Income
180 Park Row 23D, Manhattan, NY 10007
For Sale
$800,000
Pending
Corner residence with expansive views, generous rooms, and a full-renovation opportunity within a full-service cooperative.
Property Size800 SF
Days on Market71
Property Features for 180 Park Row 23D
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24-hour doorman
live-in superintendent
porters
common laundry
underground parking
Building Details
Year Built
Stories
Listing Agency:
Keller Williams NYC
Listed By:
David H Kong · License NY #10401302738
(917) 755-9380
Source:
Miradorrealestate
Added: Aug 31
Changed: Nov 3
Last Checked: Nov 8 at 2:37PM
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 Keller Williams NYC
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Investment Insights
Based on property information with market context.
Residence 23D is an approximately 800-square-foot corner one-bedroom on the 23rd floor of Chatham Towers. The apartment requires a full renovation and offers a substantial living room, separate dining area, king-size bedroom, entry foyer, and multiple closets. Several exposures bring natural light and broad outlooks toward Manhattan, the East River, Brooklyn, and prominent city landmarks.
Chatham Towers consists of two 25-story mid-century cooperative buildings at 170 and 180 Park Row, completed in 1965. The property includes a landscaped central garden, 24-hour doorman service, live-in superintendent, porters, common laundry, and underground parking available to owners. Electricity is included in maintenance at a flat monthly charge. The complex sits near Tribeca, Chinatown, the Financial District, the Lower East Side, Seaport, and SoHo, with subway service, restaurants, shopping, and neighborhood amenities nearby.
Chatham Towers consists of two 25-story mid-century cooperative buildings at 170 and 180 Park Row, completed in 1965. The property includes a landscaped central garden, 24-hour doorman service, live-in superintendent, porters, common laundry, and underground parking available to owners. Electricity is included in maintenance at a flat monthly charge. The complex sits near Tribeca, Chinatown, the Financial District, the Lower East Side, Seaport, and SoHo, with subway service, restaurants, shopping, and neighborhood amenities nearby.
Key Highlights
- 23rd‑floor corner one‑bedroom residence measuring approximately 800 square feet
- Sweeping outlooks toward Manhattan, the East River, Brooklyn, and city landmarks
- Full‑renovation opportunity with a separate dining area and generously sized rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 4.89%
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 10007, NY
8,421
Population
3,711
Households
2.3
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
42,105
Density / Sq Mi
$250,001
Median Household Income
$150,470
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with expansive views, generous rooms, and a full-renovation opportunity within a full-service cooperative.
Where is this residential income property located?
The property is located at 180 Park Row 23D Manhattan, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 23rd‑floor corner one‑bedroom residence measuring approximately 800 square feet; Sweeping outlooks toward Manhattan, the East River, Brooklyn, and city landmarks; Full‑renovation opportunity with a separate dining area and generously sized rooms
