Top-Floor Residential Income
211 E 53rd Street 12H, Manhattan, NY 10022
For Sale
$699,000
Junior two-bedroom condop with immediate rental flexibility and full-service building amenities.
Property Size700 SF
Price / SF$998.57
Days on Market68
Property Features for 211 E 53rd Street 12H
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
landscaped roof deck
storage
central air and heat
live-in superintendent
full-time doorman
pet-friendly
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Haley D Venn · License #30VE0997835
(646) 496-5805
Source:
Carytamura
Added: Sep 1
Changed: Nov 4
Last Checked: Nov 6 at 5:45PM
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
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Investment Insights
Based on property information with market context.
Residence 12H is a 700 SF, top-floor junior two-bedroom with a north-facing exposure and a flexible layout. The home includes substantial closet storage and is configured within a condop that permits immediate renting. Central air and heat are included in the maintenance.
The Hawthorne is a full-service, pet-friendly building with a landscaped roof deck, resident storage, a live-in superintendent, and a full-time doorman. The property is situated between Sutton Place and Midtown East, near restaurants, shopping, daily conveniences, and major subway lines serving Manhattan.
The Hawthorne is a full-service, pet-friendly building with a landscaped roof deck, resident storage, a live-in superintendent, and a full-time doorman. The property is situated between Sutton Place and Midtown East, near restaurants, shopping, daily conveniences, and major subway lines serving Manhattan.
Key Highlights
- 700 SF top‑floor junior two‑bedroom residence with north‑facing exposure
- Condop structure allows immediate renting
- Full‑service, pet‑friendly building with full‑time doorman
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,020
$438.0K
Cap Rate 7%
$312,871
$312.9K
Cap Rate 9%
$243,344
$243.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$41.9K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.8K $56.89/SF
− OpEx
−$17.9K −$25.60/SF
NOI
$21.9K $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%
$438,020
Cap Rate 7%
$312,871
Cap Rate 9%
$243,344
Alternative Uses
Best Use
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,901 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,968 @ 7.0% cap · market cap 17.45%
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
57,003
Businesses Nearby
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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
$1,116,700
Median Home Value
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Market
Average Price Trend$/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 - Junior two-bedroom condop with immediate rental flexibility and full-service building amenities.
Where is this residential income property located?
The property is located at 211 E 53rd Street 12H Manhattan, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 700 SF top‑floor junior two‑bedroom residence with north‑facing exposure; Condop structure allows immediate renting; Full‑service, pet‑friendly building with full‑time doorman
