One-Bedroom Residential Income
For Sale
$650,000
200 W 54th Street 9C, New York City, NY 10019
Prewar cooperative residence with a windowed kitchen, abundant closets, and full-service building amenities.
Property Size750 SF
Price / SF$866.67
Days on Market11
Property Features for 200 W 54th Street 9C
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Units
Unit Mix
1 x one-bedroom
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
full-time doorman
full-time superintendent
bike storage
renovated laundry room
Building Details
Building Size
750 SF
Year Built
1912
Construction
Viennese Secessionist
Listing Agency:
Compass
Listed By:
Anne Hyun Jin Kim
(917) 822-5029
Source:
Lenasimpson
Added: Sep 8
Changed: Sep 14
Last Checked: Sep 16 at 10:21PM
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.
Residence 9C at The Adlon is a one-bedroom cooperative home with a welcoming entry foyer, a large walk-in closet, and space suitable for a workstation. The living and dining room features 9.5-foot ceilings, original parquet flooring, and preserved prewar architectural details. A separate windowed kitchen includes stainless steel appliances, custom cabinetry, and substantial storage. The bedroom accommodates a king-size bed and receives eastern light, while the windowed bathroom includes a cast-iron soaking tub. Windows are present in every room, and washer/dryer installation is permitted subject to building approval.
Completed in 1912 and designed by George & Edward Blum, the building is a full-service cooperative with a full-time doorman, full-time superintendent, bike storage, and a renovated basement laundry room. The property is located at 200 West 54th Street in Midtown Manhattan, near Central Park, Carnegie Hall, MoMA, Lincoln Center, the Theater District, Columbus Circle, Whole Foods, dining, shopping, and multiple subway lines. Building policies permit up to 80% financing, pets, pieds-à-terre, co-purchasing, and subletting; the building is non-smoking.
Completed in 1912 and designed by George & Edward Blum, the building is a full-service cooperative with a full-time doorman, full-time superintendent, bike storage, and a renovated basement laundry room. The property is located at 200 West 54th Street in Midtown Manhattan, near Central Park, Carnegie Hall, MoMA, Lincoln Center, the Theater District, Columbus Circle, Whole Foods, dining, shopping, and multiple subway lines. Building policies permit up to 80% financing, pets, pieds-à-terre, co-purchasing, and subletting; the building is non-smoking.
Key Highlights
- One‑bedroom residence with 9.5‑foot ceilings and original parquet floors
- Separate windowed kitchen with stainless steel appliances and custom cabinetry
- Windows in every room, including the kitchen and bathroom
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
$23,465
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
3.61%
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%
$469,300
$469.3K
Cap Rate 7%
$335,214
$335.2K
Cap Rate 9%
$260,722
$260.7K
Market Conditions
NOI Build-Up for 750 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
$44.9K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.7K $56.89/SF
− OpEx
−$19.2K −$25.60/SF
NOI
$23.5K $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%
$469,300
Cap Rate 7%
$335,214
Cap Rate 9%
$260,722
Alternative Uses
Best Use
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 20.10%
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
57,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Prewar cooperative residence with a windowed kitchen, abundant closets, and full-service building amenities.
Where is this residential income property located?
The property is located at 200 W 54th Street 9C New York City, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: One‑bedroom residence with 9.5‑foot ceilings and original parquet floors; Separate windowed kitchen with stainless steel appliances and custom cabinetry; Windows in every room, including the kitchen and bathroom
