Tenant-Occupied Residential
For Sale
$830,000
20 West Street 28-A, Manhattan, NY 10004
A leased studio condominium pairs a separate kitchen and home office with full-service building amenities in the Financial District.
Property Size756 SF
Price / SF$1,097
Days on Market11
Property Features for 20 West Street 28-A
General Information
Standard status
Active
Size
756 SF
Property subtype
Apartment
Units
Unit Mix
1 x studio plus home office
Multifamily Units
1
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,288
Amenities
24-hour doorman and concierge
gym
spinning studio
massage room
steam rooms
media room
landscaped garden terrace
rooftop with panoramic views
Building Details
Building Size
756 SF
Year Built
1930
Tenancy
Single
Listing Agency:
Weichert Properties
Listed By:
Dewey Moss
(917) 301-4639
Source:
Thethomas
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:07AM
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 Weichert Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 756-square-foot condominium is arranged as a studio with a separate home office and foyer. The office can accommodate a queen bed, and closets are distributed throughout the unit. A full-size kitchen with refrigerator, dishwasher, microwave, and stove opens to the living and dining area. The bathroom includes marble tile, a soaking tub, and updated fixtures. West-facing picture windows overlook the Hudson River, with the Statue of Liberty also in view. The unit is occupied under a lease through mid-May 2027.
The Downtown Club is a landmarked, full-service condominium at 20 West Street. Building services include a 24-hour doorman and concierge; amenities include a fitness center with a spinning studio, massage room, and steam rooms, as well as a media room, landscaped garden terrace, and rooftop. Nearby transit includes the 1, 4/5, and R/W lines and the Fulton Street hub. Whole Foods, World Trade Center, Brookfield Place, the New York Stock Exchange, and Battery Park are also in the neighborhood.
The Downtown Club is a landmarked, full-service condominium at 20 West Street. Building services include a 24-hour doorman and concierge; amenities include a fitness center with a spinning studio, massage room, and steam rooms, as well as a media room, landscaped garden terrace, and rooftop. Nearby transit includes the 1, 4/5, and R/W lines and the Fulton Street hub. Whole Foods, World Trade Center, Brookfield Place, the New York Stock Exchange, and Battery Park are also in the neighborhood.
Key Highlights
- Tenant occupancy extends through mid‑May 2027
- 756‑square‑foot studio with separate home office and foyer
- West‑facing windows overlook the Hudson River and include a view of the Statue of Liberty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,653
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,060
$473.1K
Cap Rate 7%
$337,900
$337.9K
Cap Rate 9%
$262,811
$262.8K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$45.3K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$43.0K $56.89/SF
− OpEx
−$19.4K −$25.60/SF
NOI
$23.7K $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%
$473,060
Cap Rate 7%
$337,900
Cap Rate 9%
$262,811
Alternative Uses
Best Use
Apartment 5plus
$337.9K
$295.7K – $394.2K
NOI $23,653 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.88M
$1.65M – $2.20M
NOI $131,725 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26,682
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - A leased studio condominium pairs a separate kitchen and home office with full-service building amenities in the Financial District.
Where is this residential income property located?
The property is located at 20 West Street 28-A Manhattan, NY.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Tenant occupancy extends through mid‑May 2027; 756‑square‑foot studio with separate home office and foyer; West‑facing windows overlook the Hudson River and include a view of the Statue of Liberty
