Residential Income Property with High
For Sale
$1,495,000
200 E 57TH Street 17A, New York City, NY 10022
Convertible three-bedroom residence in a full-service cooperative with doorman service, fitness amenities, and landscaped common areas.
Property Size1,600 SF
Price / SF$934.38
Days on Market134
Property Features for 200 E 57TH Street 17A
General Information
Standard status
Active
Size
1,600 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x convertible 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
newly renovated lobby
full-time doormen
concierge
live-in resident manager
on-site fitness center
landscaped courtyard
roof deck
elevator-accessible garage
bike storage
storage
Building Details
Year Built
1960
Listing Agency:
Douglas Elliman Real Estate
(212) 891-7000
Listed By:
Jonathan P Conlon · License #10301203587
(212) 891-7000
Source:
Miradorrealestate
Added: Mar 30
Changed: Aug 8
Last Checked: Aug 10 at 9:20AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Residence 17A is an approximately 1,600-square-foot cooperative apartment with roughly 10-foot ceilings, a gallery entry, and an expansive living and dining room. The layout includes two bathrooms, a galley kitchen with granite counters, stainless steel appliances, and substantial cabinetry, plus a private bedroom wing. The primary suite features two walk-in closets, a dressing area, and an en-suite bath. Parquet flooring, six large closets, central heat and air conditioning, custom lighting, and built-ins are also included. The bathrooms offer room for future renovation, while washer and dryer installation is permitted subject to board approval.
The full-service cooperative was built in 1960 and provides a renovated lobby, full-time doormen, concierge service, a live-in resident manager, fitness center, landscaped courtyard, roof deck, bike storage, and an elevator-accessible garage with a guaranteed parking space. Storage is available by waitlist. Board-approved ownership policies permit pied-a-terre use, guarantors, gifting, trusts, and LLC ownership; financing is allowed up to 65%.
The full-service cooperative was built in 1960 and provides a renovated lobby, full-time doormen, concierge service, a live-in resident manager, fitness center, landscaped courtyard, roof deck, bike storage, and an elevator-accessible garage with a guaranteed parking space. Storage is available by waitlist. Board-approved ownership policies permit pied-a-terre use, guarantors, gifting, trusts, and LLC ownership; financing is allowed up to 65%.
Key Highlights
- Approximately 1,600 SF with approximately 10‑foot ceilings
- Convertible three‑bedroom, two‑bathroom layout
- Nearly 30‑foot living room with southwest exposures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,060
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,200
$1.0M
Cap Rate 7%
$715,143
$715.1K
Cap Rate 9%
$556,222
$556.2K
Market Conditions
NOI Build-Up for 1,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.8K $59.88/SF
− Vacancy
−$4.8K −$2.99/SF
EGI
$91.0K $56.89/SF
− OpEx
−$41.0K −$25.60/SF
NOI
$50.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,200
Cap Rate 7%
$715,143
Cap Rate 9%
$556,222
Alternative Uses
Best Use
Apartment 5plus
$715.1K
$625.8K – $834.3K
NOI $50,060 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.98M
$3.48M – $4.65M
NOI $278,784 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
49,382
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Convertible three-bedroom residence in a full-service cooperative with doorman service, fitness amenities, and landscaped common areas.
Where is this residential income property located?
The property is located at 200 E 57TH Street 17A New York City, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Approximately 1,600 SF with approximately 10‑foot ceilings; Convertible three‑bedroom, two‑bathroom layout; Nearly 30‑foot living room with southwest exposures
