Pre-War Alcove Studio in Full-Service
200 W 20TH Street 303, Manhattan, NY 10011
For Sale
$510,000
Pending
Pre-war alcove studio with a windowed kitchen, sunken living room, and a separate dining area in a full-service Chelsea building.
Property Size530 SF
Days on Market216
Property Features for 200 W 20TH Street 303
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24 hour doorman
laundry
roof deck
dishwasher
concrete countertops
cork flooring
high beamed ceilings
hard wood floors
windowed bath
Building Details
Building Size
Year Built
Construction
Listing Agency:
The Agency Brokerage
Listed By:
Christopher D Toland
(347) 645-3976
Source:
Thethomas
Added: Apr 8
Changed: Nov 8
Last Checked: Nov 8 at 12:31PM
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 The Agency Brokerage
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Investment Insights
Based on property information with market context.
This pre-war alcove studio is located in a full-service, art deco building and offers a practical, reconfigured layout. The apartment features a windowed kitchen with a dishwasher, concrete countertops, and cork flooring. A large sunken living room includes a separate dining area, with high beamed ceilings. The sleeping area is separated by a sliding door for a more bedroom-like feel, along with generous closet space. Additional interior finishes include hardwood floors and a windowed bathroom.
The building offers a 24-hour doorman, on-site laundry, and a roof deck with city views. It is positioned for convenience to transportation, shopping, and restaurants, with an art deco setting in the heart of Chelsea. Built in 1939, the property reflects the period character of a pre-war New York building.
The building offers a 24-hour doorman, on-site laundry, and a roof deck with city views. It is positioned for convenience to transportation, shopping, and restaurants, with an art deco setting in the heart of Chelsea. Built in 1939, the property reflects the period character of a pre-war New York building.
Key Highlights
- Pre‑war art deco building built in 1939
- Windowed kitchen with dishwasher, concrete countertops, and cork flooring
- Large sunken living room with separate dining area and high beamed ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,582
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,640
$331.6K
Cap Rate 7%
$236,886
$236.9K
Cap Rate 9%
$184,244
$184.2K
Market Conditions
NOI Build-Up for 530 SF
Gross rent
$31.7K $59.88/SF
− Vacancy
−$1.6K −$2.99/SF
EGI
$30.1K $56.89/SF
− OpEx
−$13.6K −$25.60/SF
NOI
$16.6K $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%
$331,640
Cap Rate 7%
$236,886
Cap Rate 9%
$184,244
Alternative Uses
Best Use
Apartment 5plus
$236.9K
$207.3K – $276.4K
NOI $16,582 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.5K
$324.2K – $432.3K
NOI $25,937 @ 7.0% cap · market cap 5.09%
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
39,471
Businesses Nearby
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Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war alcove studio with a windowed kitchen, sunken living room, and a separate dining area in a full-service Chelsea building.
Where is this residential income property located?
The property is located at 200 W 20TH Street 303 Manhattan, NY.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Pre‑war art deco building built in 1939; Windowed kitchen with dishwasher, concrete countertops, and cork flooring; Large sunken living room with separate dining area and high beamed ceilings
