Renovated Residential Income
235 E 49TH Street 8C, Manhattan, NY 10017
For Sale
$599,000
One-bedroom residence with an open kitchen, natural light, and updated interior finishes.
Property Size700 SF
Days on Market55
Property Features for 235 E 49TH Street 8C
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
Part-Time Doorman
Laundry in the Building
Roofdeck
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Serhant
Listed By:
Azad Zubair
(908) 655-8169
Source:
Serhant
Added: Sep 16
Changed: Nov 5
Last Checked: Nov 8 at 1:20PM
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 8C is a renovated one-bedroom, one-bath home within a 1926 historic landmark building in Midtown East. The 700-square-foot residence features an open living arrangement, engineered cherry wood flooring, four large closets, and multiple windows that bring daylight into the main living areas. The kitchen is fitted with solid maple cabinetry, granite countertops, stainless-steel-finish appliances, a tiled backsplash, and an island with counter seating.
Renovated in 2018, the home also includes a windowed bathroom with quartz finishes, neutral tile, a pedestal sink, and a full bathtub. Building amenities include a part-time doorman, laundry facilities, and a roofdeck. The property is located at 235 East 49th Street, New York City, NY 10017.
Renovated in 2018, the home also includes a windowed bathroom with quartz finishes, neutral tile, a pedestal sink, and a full bathtub. Building amenities include a part-time doorman, laundry facilities, and a roofdeck. The property is located at 235 East 49th Street, New York City, NY 10017.
Key Highlights
- 700‑square‑foot one‑bedroom, one‑bath residence
- Renovated in 2018 with updated interior finishes
- Open kitchen with maple cabinetry, granite counters, and island seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
3.66%
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 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 5.72%
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
64,721
Businesses Nearby
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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
$808,200
Median Home Value
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Market
Average Price Trend$/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 - One-bedroom residence with an open kitchen, natural light, and updated interior finishes.
Where is this residential income property located?
The property is located at 235 E 49TH Street 8C Manhattan, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 700‑square‑foot one‑bedroom, one‑bath residence; Renovated in 2018 with updated interior finishes; Open kitchen with maple cabinetry, granite counters, and island seating
