One-Bedroom Co-op
New
For Sale
$750,000
227 E 12th Street 2C, New York City, NY 10003
Renovated open kitchen, exposed brick, and a separate dressing area complement the apartment’s loft-like interior.
Property Size725 SF
Price / SF$1,034
Days on Market7
Property Features for 227 E 12th Street 2C
General Information
Standard status
Active
Size
725 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
common laundry room
voice intercom
private forecourt entry
Building Details
Year Built
1920
Construction
townhouse
Listing Agency:
Compass
Listed By:
Dylan Hildreth Hoffman
(646) 431-2260
Source:
Nobleblackandpartners
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 11:07PM
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.
This approximately 725-square-foot, one-bedroom co-op is on the second floor of a red brick townhouse built in 1920. The interior includes 11-foot ceilings, refinished hardwood floors, exposed brick, and north-facing windows. A generous living and dining area overlooks a garden. The open kitchen has stone counters, a breakfast bar, ample cabinetry, a gas range, dishwasher, and built-in microwave. The bedroom connects to a dressing area with floor-to-ceiling fitted closets, and the bathroom includes a glass-enclosed tub-shower.
Building features include a planted forecourt entrance, voice intercom, and shared laundry room. Subletting is subject to board approval; cats are permitted, but dogs are not. The property is on a tree-lined East Village block near Greenwich Village and Union Square, with N/Q/R/W, 4/5/6, and L train service nearby.
Building features include a planted forecourt entrance, voice intercom, and shared laundry room. Subletting is subject to board approval; cats are permitted, but dogs are not. The property is on a tree-lined East Village block near Greenwich Village and Union Square, with N/Q/R/W, 4/5/6, and L train service nearby.
Key Highlights
- Approximately 725 square feet with one bedroom
- 11‑foot ceilings, refinished hardwood floors, exposed brick, and north‑facing windows
- Open kitchen with stone counters, breakfast bar, gas range, dishwasher, and built‑in microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,683
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,660
$453.7K
Cap Rate 7%
$324,043
$324.0K
Cap Rate 9%
$252,033
$252.0K
Market Conditions
NOI Build-Up for 725 SF
Gross rent
$43.4K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$41.2K $56.89/SF
− OpEx
−$18.6K −$25.60/SF
NOI
$22.7K $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%
$453,660
Cap Rate 7%
$324,043
Cap Rate 9%
$252,033
Alternative Uses
Best Use
Apartment 5plus
$324.0K
$283.5K – $378.1K
NOI $22,683 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.11M
NOI $126,324 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
31,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated open kitchen, exposed brick, and a separate dressing area complement the apartment’s loft-like interior.
Where is this residential income property located?
The property is located at 227 E 12th Street 2C New York City, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 725 square feet with one bedroom; 11‑foot ceilings, refinished hardwood floors, exposed brick, and north‑facing windows; Open kitchen with stone counters, breakfast bar, gas range, dishwasher, and built‑in microwave
