Residential Income Property with
24 W 55TH Street 11D, New York City, NY 10019
For Sale
$1,495,000
An end residence pairs three bedrooms and three baths with central AC and two private outdoor spaces.
Property Size2,100 SF
Price / SF$711.90
Days on Market475
Property Features for 24 W 55TH Street 11D
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
full-time doorman
on-site Resident Manager
private courtyard
laundry room
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Alexander Boriskin · License NY #10401346550
(347) 260-0664
Source:
Decodenyc
Added: Jul 23, 2025
Changed: Nov 5
Last Checked: Nov 9 at 7:48AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
At 24 W 55th Street, unit 11D is a 2,100-square-foot end residence in the Rockefeller Apartments, built in 1936. The home has three bedrooms, three bathrooms, triple exposure, central AC and two private terraces. Herringbone oak flooring, high ceilings and floor-to-ceiling windows feature in the living room and primary suite. The primary bathroom includes two windows, a Jacuzzi tub and a separate shower.
The landmarked building, designated in 1984, has new windows, a renovated lobby and refreshed hallways. Building amenities include a full-time doorman, an on-site resident manager, a private courtyard and a laundry room. Michael’s restaurant is on the ground floor. The property is near Fifth Avenue, MoMA, Lincoln Center, Carnegie Hall, the Theatre District, Central Park, restaurants and luxury shopping.
The landmarked building, designated in 1984, has new windows, a renovated lobby and refreshed hallways. Building amenities include a full-time doorman, an on-site resident manager, a private courtyard and a laundry room. Michael’s restaurant is on the ground floor. The property is near Fifth Avenue, MoMA, Lincoln Center, Carnegie Hall, the Theatre District, Central Park, restaurants and luxury shopping.
Key Highlights
- 2,100‑square‑foot residence with three bedrooms and three bathrooms
- End unit with triple exposure and two private terraces
- Central AC; floor‑to‑ceiling windows in the living room and primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,703
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,060
$1.3M
Cap Rate 7%
$938,614
$938.6K
Cap Rate 9%
$730,033
$730.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$125.7K $59.88/SF
− Vacancy
−$6.3K −$2.99/SF
EGI
$119.5K $56.89/SF
− OpEx
−$53.8K −$25.60/SF
NOI
$65.7K $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%
$1,314,060
Cap Rate 7%
$938,614
Cap Rate 9%
$730,033
Alternative Uses
Best Use
Apartment 5plus
$938.6K
$821.3K – $1.10M
NOI $65,703 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,771 @ 7.0% cap · market cap 6.87%
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
63,115
Businesses Nearby
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Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - An end residence pairs three bedrooms and three baths with central AC and two private outdoor spaces.
Where is this residential income property located?
The property is located at 24 W 55TH Street 11D New York City, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 2,100‑square‑foot residence with three bedrooms and three bathrooms; End unit with triple exposure and two private terraces; Central AC; floor‑to‑ceiling windows in the living room and primary suite
