Studio Residential Income
For Sale
$565,888
20 West Street 22E, New York City, NY 10004
The residence combines a separate kitchen and dining area with Hudson River views and access to extensive building amenities.
Property Size525 SF
Price / SF$1,077
Days on Market14
Property Features for 20 West Street 22E
General Information
Standard status
Active
Size
525 SF
Property subtype
Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,036
Amenities
24-hour concierge
fitness center
sauna
steam room
residents' lounge
billiards room
cinema room
business center
rooftop terrace
laundry facilities
bicycle storage
private storage
housekeeping services
valet services
Building Details
Building Size
525 SF
Year Built
1929
Listing Agency:
Keller Williams NYC
Listed By:
Davide Callegati
(917) 208-7452
Source:
Nilelundgren
Added: Oct 14
Changed: Oct 25
Last Checked: Oct 26 at 11:37PM
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.
This 525-square-foot studio residence has a separate kitchen, a designated dining area, ample closet space, and a marble bathroom. Approximately 13-foot ceilings and oversized windows frame views of the Hudson River and park. The unit is located in a condominium building completed in 1929, formerly occupied by the Downtown Athletic Club.
Building amenities include a 24-hour concierge, an approximately 12,000-square-foot fitness and recreation facility, sauna, steam room, residents’ lounge, billiards room, cinema room, business center, and rooftop terrace. Laundry facilities, bicycle storage, private storage options, and housekeeping and valet services are also available.
The property is at 20 West Street in Manhattan’s Financial District. Nearby destinations include Battery Park, the Hudson River waterfront, Brookfield Place, and Westfield World Trade Center. Restaurants, shops, Whole Foods Market, and multiple subway lines are also nearby.
Building amenities include a 24-hour concierge, an approximately 12,000-square-foot fitness and recreation facility, sauna, steam room, residents’ lounge, billiards room, cinema room, business center, and rooftop terrace. Laundry facilities, bicycle storage, private storage options, and housekeeping and valet services are also available.
The property is at 20 West Street in Manhattan’s Financial District. Nearby destinations include Battery Park, the Hudson River waterfront, Brookfield Place, and Westfield World Trade Center. Restaurants, shops, Whole Foods Market, and multiple subway lines are also nearby.
Key Highlights
- 525‑square‑foot studio with a separate kitchen and dining area
- Approximately 13‑foot ceilings and oversized windows with Hudson River and park views
- Building completed in 1929; formerly occupied by the Downtown Athletic Club
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,426
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,520
$328.5K
Cap Rate 7%
$234,657
$234.7K
Cap Rate 9%
$182,511
$182.5K
Market Conditions
NOI Build-Up for 525 SF
Gross rent
$31.4K $59.88/SF
− Vacancy
−$1.6K −$2.99/SF
EGI
$29.9K $56.89/SF
− OpEx
−$13.4K −$25.60/SF
NOI
$16.4K $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%
$328,520
Cap Rate 7%
$234,657
Cap Rate 9%
$182,511
Alternative Uses
Best Use
Apartment 5plus
$234.7K
$205.3K – $273.8K
NOI $16,426 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,476 @ 7.0% cap · market cap 16.17%
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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Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines a separate kitchen and dining area with Hudson River views and access to extensive building amenities.
Where is this residential income property located?
The property is located at 20 West Street 22E New York City, NY.
What is the asking price?
The asking price for this property is $565,888.
What are key features of this property?
This property features: 525‑square‑foot studio with a separate kitchen and dining area; Approximately 13‑foot ceilings and oversized windows with Hudson River and park views; Building completed in 1929; formerly occupied by the Downtown Athletic Club
