High-Ceiling Loft Income
For Sale
$716,500
20 West Street 23J, New York City, NY 10004
Tenant occupancy continues through 05/31/27, while the residence offers an open layout and extensive condominium amenities.
Property Size760 SF
Price / SF$942.76
Days on Market104
Property Features for 20 West Street 23J
General Information
Standard status
Active
Size
760 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$15,576
Amenities
full-time concierge
24-hour doorman
valet service
state-of-the-art 12,000-square-foot fitness center
yoga and Pilates studio
steam room
sauna
media screening room
billiards room
business lounge
central laundry facilities
landscaped sun deck
spectacular rooftop deck
Building Details
Building Size
760 SF
Year Built
1930
Tenancy
Single
Listing Agency:
Howard Hanna NYC
Listed By:
Pia Skriko
(917) 400-9770
Source:
Howardhannanyc
Added: Jul 24
Changed: Nov 1
Last Checked: Nov 3 at 3:11PM
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 Howard Hanna NYC
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Investment Insights
Based on property information with market context.
This 760 SF residential income property occupies the 23rd floor of a 1930 condominium building and features an expansive 16-foot ceiling height. The loft-style interior combines living and dining areas with an open pass-through kitchen equipped with stainless steel appliances and substantial cabinetry. A marble bathroom with built-in storage sits near the sleeping area, while the separate bedroom accommodates a queen- or king-size bed.
The Downtown Club provides full-service condominium amenities, including a full-time concierge, 24-hour doorman, valet service, central laundry, business lounge, media screening room, billiards room, yoga and Pilates studio, steam room, sauna, landscaped sun deck, and rooftop deck. The building also includes a 12,000-square-foot fitness center. A tenant is in place through 05/31/27.
The Downtown Club provides full-service condominium amenities, including a full-time concierge, 24-hour doorman, valet service, central laundry, business lounge, media screening room, billiards room, yoga and Pilates studio, steam room, sauna, landscaped sun deck, and rooftop deck. The building also includes a 12,000-square-foot fitness center. A tenant is in place through 05/31/27.
Key Highlights
- 760 SF loft on the 23rd floor
- 16‑foot ceilings create an expansive loft volume
- Tenant in place through 05/31/27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,778
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,560
$475.6K
Cap Rate 7%
$339,686
$339.7K
Cap Rate 9%
$264,200
$264.2K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$45.5K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$43.2K $56.89/SF
− OpEx
−$19.5K −$25.60/SF
NOI
$23.8K $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%
$475,560
Cap Rate 7%
$339,686
Cap Rate 9%
$264,200
Alternative Uses
Best Use
Apartment 5plus
$339.7K
$297.2K – $396.3K
NOI $23,778 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,422 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
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 - Tenant occupancy continues through 05/31/27, while the residence offers an open layout and extensive condominium amenities.
Where is this residential income property located?
The property is located at 20 West Street 23J New York City, NY.
What is the asking price?
The asking price for this property is $716,500.
What are key features of this property?
This property features: 760 SF loft on the 23rd floor; 16‑foot ceilings create an expansive loft volume; Tenant in place through 05/31/27
