Two-Bedroom Residential Income
For Sale
$700,000
200 E 57th Street 3F, New York City, NY 10022
Full-service co-op residence with expansive interiors, courtyard outlooks, and board-approved pied-à-terre ownership.
Property Size1,600 SF
Price / SF$437.50
Days on Market16
Property Features for 200 E 57th Street 3F
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
24-hour doorman and concierge
landscaped rooftop terrace
fitness center
on-site parking garage
laundry room
private storage
pet-friendly policies
utilities included
basic cable included
high-speed internet included
Building Details
Year Built
1960
Listing Agency:
Compass
Listed By:
Eileen M Foy · License #30FO0888086
(347) 463-8128
Source:
Nilelundgren
Added: Sep 9
Changed: Sep 17
Last Checked: Sep 22 at 8:56PM
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 Compass
Investment Insights
Based on property information with market context.
This approximately 1,600-square-foot, two-bedroom, two-bath residence occupies a full-service cooperative building completed in 1960. The layout includes an entry foyer, oversized living and dining areas, and floor-to-ceiling eastern-facing windows overlooking a landscaped interior courtyard. The apartment is in estate condition, with washer and dryer installation permitted subject to Board approval.
Building services include a 24-hour doorman and concierge, landscaped rooftop terrace, fitness center, on-site parking garage, laundry room, private storage, and pet-friendly policies. Pied-à-terre ownership is permitted with Board approval. Maintenance includes utilities, basic cable, and high-speed internet; financing of up to 65% is allowed, and a 2% flip tax applies.
Building services include a 24-hour doorman and concierge, landscaped rooftop terrace, fitness center, on-site parking garage, laundry room, private storage, and pet-friendly policies. Pied-à-terre ownership is permitted with Board approval. Maintenance includes utilities, basic cable, and high-speed internet; financing of up to 65% is allowed, and a 2% flip tax applies.
Key Highlights
- Approximately 1,600‑square‑foot two‑bedroom, two‑bath residence
- Floor‑to‑ceiling eastern‑facing windows overlook a landscaped inner courtyard
- 24‑hour doorman and concierge service
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
7.15%
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 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.98M
$3.48M – $4.65M
NOI $278,784 @ 7.0% cap · market cap 39.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Full-service co-op residence with expansive interiors, courtyard outlooks, and board-approved pied-à-terre ownership.
Where is this residential income property located?
The property is located at 200 E 57th Street 3F New York City, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Approximately 1,600‑square‑foot two‑bedroom, two‑bath residence; Floor‑to‑ceiling eastern‑facing windows overlook a landscaped inner courtyard; 24‑hour doorman and concierge service
