9N Alcove Studio Co-op with
225 E 57TH Street 4M, Manhattan, NY 10022
For Sale
$625,000
Pending
Largest studio line in a 24-hour doorman co-op, overlooking private landscaped patios from the north tower.
Property Size800 SF
Days on Market158
Property Features for 225 E 57TH Street 4M
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
24-hour doorman
roof deck
central laundry rooms
bike storage
package tracking system
on-site garage
marble and glass lobby
renovated hallways
Building Details
Building Size
Year Built
Listing Agency:
Serhant
Listed By:
Nile Lundgren
(917) 453-4526
Source:
Serhant
Added: Jun 5
Changed: Nov 5
Last Checked: Nov 8 at 2:54PM
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 Serhant
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Investment Insights
Based on property information with market context.
Residence 9N is a huge alcove studio in the Harridge House, a full-service doorman co-op built in 1963. It’s the largest studio line in the building and can be easily converted into a junior one bedroom. The apartment features a full wall of windows, abundant closets, and gleaming parquet floors. The kitchen and bathroom are in good original condition, with the option to keep them as-is or update with your personal touches.
Located in the building’s north tower, 9N overlooks the building’s private landscaped patios and is insulated from the street, creating a peaceful, quiet setting. Whole Foods is directly across the street, and Trader Joe’s is at 59th Street and First Avenue, with easy access to multiple subway lines and the cross-town bus.
The Harridge House offers a 24-hour doorman, attentive staff, and a live-in building manager, along with a marble and glass lobby. Building amenities include renovated hallways, a roof deck, two central laundry rooms, bike storage, a computerized package tracking system, and an on-site garage with direct building access. Cats are allowed, and emotional support and/or service dogs are permitted with documentation. Pied-a-terre ownership and co-purchasing are permitted.
Located in the building’s north tower, 9N overlooks the building’s private landscaped patios and is insulated from the street, creating a peaceful, quiet setting. Whole Foods is directly across the street, and Trader Joe’s is at 59th Street and First Avenue, with easy access to multiple subway lines and the cross-town bus.
The Harridge House offers a 24-hour doorman, attentive staff, and a live-in building manager, along with a marble and glass lobby. Building amenities include renovated hallways, a roof deck, two central laundry rooms, bike storage, a computerized package tracking system, and an on-site garage with direct building access. Cats are allowed, and emotional support and/or service dogs are permitted with documentation. Pied-a-terre ownership and co-purchasing are permitted.
Key Highlights
- Largest studio line; can be easily converted into a junior one bedroom
- 24‑hour doorman co‑op with attentive staff and live‑in building manager
- North tower views over private landscaped patios; insulated from the street for quiet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46,622
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
$1,116,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Largest studio line in a 24-hour doorman co-op, overlooking private landscaped patios from the north tower.
Where is this residential income property located?
The property is located at 225 E 57TH Street 4M Manhattan, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Largest studio line; can be easily converted into a junior one bedroom; 24‑hour doorman co‑op with attentive staff and live‑in building manager; North tower views over private landscaped patios; insulated from the street for quiet
