Residential Income Property with River
20 West Street 16-E, Manhattan, NY 10004
For Sale
$549,000
Open-plan loft residence with oversized windows, premium finishes, and access to extensive condominium amenities.
Property Size517 SF
Price / SF$1,061
Days on Market100
Property Features for 20 West Street 16-E
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman/concierge
onsite valet
residents' lounge
health club
spinning studio
movie theater
spa treatment room
bicycle storage
landscaped sun deck
rooftop deck
Building Details
Building Size
Year Built
Construction
Listing Agency:
City Connections Realty Inc
Listed By:
Fanny A Gandelman
(212) 804-8820
Source:
Broadwayrealty
Added: Jul 31
Changed: Nov 5
Last Checked: Nov 6 at 5:15PM
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 City Connections Realty Inc
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Investment Insights
Based on property information with market context.
Apartment 16E is a 517-square-foot loft residence within The Downtown Club Condominium, an Art Deco tower completed in 1930. Its open arrangement creates separate living, dining, and sleeping zones, while oversized windows bring in natural light and frame views toward the Hudson River, Statue of Liberty, and downtown skyline. Interior details include granite countertops, a marble bathroom, and maple hardwood flooring.
Building amenities include a 24-hour doorman and concierge, valet service, residents’ lounge with WiFi and cable TV, health club, spinning studio, movie theater, spa treatment room, bicycle storage, landscaped sun deck, and rooftop deck. The property is in the Financial District near the World Trade Center, Brookfield Place, Wall Street, South Street Seaport, Stone Street, and Battery Park. Subway access includes the 1, R, W, 4, and 5 lines. Rentals are permitted with a minimum lease term of 30 days, and pets are allowed.
Building amenities include a 24-hour doorman and concierge, valet service, residents’ lounge with WiFi and cable TV, health club, spinning studio, movie theater, spa treatment room, bicycle storage, landscaped sun deck, and rooftop deck. The property is in the Financial District near the World Trade Center, Brookfield Place, Wall Street, South Street Seaport, Stone Street, and Battery Park. Subway access includes the 1, R, W, 4, and 5 lines. Rentals are permitted with a minimum lease term of 30 days, and pets are allowed.
Key Highlights
- 517 SF open‑layout loft with distinct living, dining, and sleeping areas
- Oversized windows with Hudson River, Statue of Liberty, and downtown skyline views
- Granite countertops, marble bathroom, and maple hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,176
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,520
$323.5K
Cap Rate 7%
$231,086
$231.1K
Cap Rate 9%
$179,733
$179.7K
Market Conditions
NOI Build-Up for 517 SF
Gross rent
$31.0K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$29.4K $56.89/SF
− OpEx
−$13.2K −$25.60/SF
NOI
$16.2K $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%
$323,520
Cap Rate 7%
$231,086
Cap Rate 9%
$179,733
Alternative Uses
Best Use
Apartment 5plus
$231.1K
$202.2K – $269.6K
NOI $16,176 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,082 @ 7.0% cap · market cap 16.41%
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
26,682
Businesses Nearby
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Business Placement
Demographics for 10004, NY
4,287
Population
2,146
Households
2
Avg Household Size
35
Median Age
91%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
8,574
Density / Sq Mi
$220,592
Median Household Income
$136,348
Median Earnings
$3,501
Median Rent
$1,866,400
Median Home Value
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Market
Average Price Trend$/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 loft residence with oversized windows, premium finishes, and access to extensive condominium amenities.
Where is this residential income property located?
The property is located at 20 West Street 16-E Manhattan, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 517 SF open‑layout loft with distinct living, dining, and sleeping areas; Oversized windows with Hudson River, Statue of Liberty, and downtown skyline views; Granite countertops, marble bathroom, and maple hardwood flooring
