Loft-Style Studio
20 PINE Street 507, Manhattan, NY 10005
For Sale
$699,800
Open-plan studio residence with high ceilings, luxury finishes, and full-service condominium amenities.
Property Size676 SF
Price / SF$1,035
Days on Market118
Property Features for 20 PINE Street 507
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
HOA Fee
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
concierge
fitness center
indoor swimming pool
Turkish hammam spa
sauna
steam room
residents' lounge
billiards room
golf simulator
children's playroom
landscaped roof terrace
valet services
on-site management
in-unit washer/dryer
central heating and air conditioning
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Ronald Anthony Testa
(646) 675-6173
Source:
Carlinwright
Added: Jul 13
Changed: Nov 4
Last Checked: Nov 6 at 6:07PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
Residence 507 is a 676 SF loft-style studio in the 20 Pine Street condominium, completed in 1928. The open interior allows distinct living, dining, and sleeping zones, while south-facing windows and high ceilings create a bright, expansive setting. Espresso hardwood flooring, Armani/Casa interiors, stone countertops, premium Sub-Zero, Miele, and Fisher&Paykel appliances, an oversized bathroom, generous closets, an LG washer and dryer, and central heating and air conditioning complete the home.
The Financial District address places the residence near Wall Street, Stone Street, the Seaport District, Battery Park, the East River Esplanade, and Brookfield Place. Nearby transportation includes the 2, 3, 4, 5, J, Z, R, W, A, C, E, and PATH trains. Building services include a 24-hour doorman and concierge, fitness center, indoor pool, Turkish hammam, sauna, steam room, residents’ lounge, billiards room, golf simulator, children’s playroom, roof terrace, valet services, and on-site management.
The Financial District address places the residence near Wall Street, Stone Street, the Seaport District, Battery Park, the East River Esplanade, and Brookfield Place. Nearby transportation includes the 2, 3, 4, 5, J, Z, R, W, A, C, E, and PATH trains. Building services include a 24-hour doorman and concierge, fitness center, indoor pool, Turkish hammam, sauna, steam room, residents’ lounge, billiards room, golf simulator, children’s playroom, roof terrace, valet services, and on-site management.
Key Highlights
- 676 SF loft‑style studio at 20 Pine Street
- High ceilings with two oversized south‑facing windows
- Armani/Casa interiors with espresso hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,150
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,000
$423.0K
Cap Rate 7%
$302,143
$302.1K
Cap Rate 9%
$235,000
$235.0K
Market Conditions
NOI Build-Up for 676 SF
Gross rent
$40.5K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$38.5K $56.89/SF
− OpEx
−$17.3K −$25.60/SF
NOI
$21.2K $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%
$423,000
Cap Rate 7%
$302,143
Cap Rate 9%
$235,000
Alternative Uses
Best Use
Apartment 5plus
$302.1K
$264.4K – $352.5K
NOI $21,150 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,786 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
32,046
Businesses Nearby
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Business Placement
Demographics for 10005, NY
10,639
Population
6,495
Households
1.6
Avg Household Size
31
Median Age
84%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
106,390
Density / Sq Mi
$211,810
Median Household Income
$133,727
Median Earnings
$3,501
Median Rent
$1,387,200
Median Home Value
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Market
Average Price Trend$/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 - Open-plan studio residence with high ceilings, luxury finishes, and full-service condominium amenities.
Where is this residential income property located?
The property is located at 20 PINE Street 507 Manhattan, NY.
What is the asking price?
The asking price for this property is $699,800.
What are key features of this property?
This property features: 676 SF loft‑style studio at 20 Pine Street; High ceilings with two oversized south‑facing windows; Armani/Casa interiors with espresso hardwood floors
