Residential Income Property with
216 E 47TH Street 11A/B, Manhattan, NY 10017
For Sale
$799,000
The one-bedroom residence includes a private outdoor area and access to staffed building services.
Property Size815 SF
Price / SF$980.37
Days on Market13
Property Features for 216 E 47TH Street 11A/B
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
bike room
laundry room
storage room
24-hour doorman
concierge
live-in super
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Kholood Breiche
(818) 290-9489
Source:
Miradorrealestate
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 3 at 7:52AM
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 Corcoran Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 815-square-foot residence has one bedroom and one and a half baths, including a separate powder room and an en-suite full bath. Cherry herringbone wood floors run throughout, and the kitchen features stainless steel appliances, a Bosch dishwasher, a built-in microwave, an island, and substantial cabinet and pantry storage. The living room accommodates distinct dining and sitting areas. A north-facing private terrace extends from the living room; the bedroom offers built-in closets and a dressing area. Electric shades are installed in every room.
The condominium dates to 1985 and has two apartments per floor. Building services include a 24-hour doorman, concierge, and live-in superintendent. Residents also have access to a basement bike room, laundry room, and storage room. Pets are not permitted.
The condominium dates to 1985 and has two apartments per floor. Building services include a 24-hour doorman, concierge, and live-in superintendent. Residents also have access to a basement bike room, laundry room, and storage room. Pets are not permitted.
Key Highlights
- 815‑square‑foot, one‑bedroom residence with 1.5 baths
- Private north‑facing terrace off the living room
- Two apartments per floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,499
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,980
$510.0K
Cap Rate 7%
$364,271
$364.3K
Cap Rate 9%
$283,322
$283.3K
Market Conditions
NOI Build-Up for 815 SF
Gross rent
$48.8K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$46.4K $56.89/SF
− OpEx
−$20.9K −$25.60/SF
NOI
$25.5K $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 Rate 5%
$509,980
Cap Rate 7%
$364,271
Cap Rate 9%
$283,322
Alternative Uses
Best Use
Apartment 5plus
$364.3K
$318.7K – $425.0K
NOI $25,499 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.8K
$498.6K – $664.8K
NOI $39,885 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
58,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Market
Average Price Trend$/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 - The one-bedroom residence includes a private outdoor area and access to staffed building services.
Where is this residential income property located?
The property is located at 216 E 47TH Street 11A/B Manhattan, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 815‑square‑foot, one‑bedroom residence with 1.5 baths; Private north‑facing terrace off the living room; Two apartments per floor
