Residential Income Property with Corner
For Sale
$1,750,000
303 E 43RD Street 25B, New York City, NY 10017
High-floor three-bedroom corner home with central air and expansive light, plus full-service cooperative amenities.
Property Size1,589 SF
Price / SF$1,101
Days on Market22
Property Features for 303 E 43RD Street 25B
General Information
Standard status
Active
Size
1,589 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Amenities
24-hour doorman
concierge
landscaped private courtyard
pet-friendly community
Building Details
Building Size
1,589 SF
Year Built
1983
Listing Agency:
Corcoran Group
(917) 714-9554
Listed By:
Jolanta Matuzaite · License #10401345068 (NY)
(917) 714-9554
Source:
Serhant
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 10 at 10:09AM
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
Investment Insights
Based on property information with market context.
Residence 25B is a well-designed corner home within International Plaza, a full-service cooperative. The three-bedroom, two-and-a-half-bath layout spans approximately 1,589 square feet and is oriented for south and west exposures, delivering panoramic city views throughout the day. A gracious entry leads to a corner living and dining room measuring 23 feet by 16 feet, with oversized windows that wrap the space in natural light.
The home’s galley kitchen has been expanded from its original footprint to increase storage and workspace, and it is outfitted with Bosch and GE appliances, a Sub-Zero refrigerator with freezer drawer, and an in-home Miele washer and dryer. Central air conditioning, generous closet space, and timeless finishes support comfortable everyday living.
International Plaza is a full-service co-op offering a 24-hour doorman, concierge service, a beautifully landscaped private courtyard, and a welcoming pet-friendly community. The residence is in a building originally built in 1983.
The home’s galley kitchen has been expanded from its original footprint to increase storage and workspace, and it is outfitted with Bosch and GE appliances, a Sub-Zero refrigerator with freezer drawer, and an in-home Miele washer and dryer. Central air conditioning, generous closet space, and timeless finishes support comfortable everyday living.
International Plaza is a full-service co-op offering a 24-hour doorman, concierge service, a beautifully landscaped private courtyard, and a welcoming pet-friendly community. The residence is in a building originally built in 1983.
Key Highlights
- Corner living and dining room measuring 23 feet by 16 feet
- Approximately 1,589 SF with three bedrooms and two‑and‑a‑half bathrooms
- South and west exposures with panoramic city views
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$994,320
$994.3K
Cap Rate 7%
$710,229
$710.2K
Cap Rate 9%
$552,400
$552.4K
Market Conditions
NOI Build-Up for 1,589 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.1K $59.88/SF
− Vacancy
−$4.8K −$2.99/SF
EGI
$90.4K $56.89/SF
− OpEx
−$40.7K −$25.60/SF
NOI
$49.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$994,320
Cap Rate 7%
$710,229
Cap Rate 9%
$552,400
Alternative Uses
Best Use
Apartment 5plus
$710.2K
$621.5K – $828.6K
NOI $49,716 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.96M
$3.46M – $4.61M
NOI $276,867 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
48,551
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - High-floor three-bedroom corner home with central air and expansive light, plus full-service cooperative amenities.
Where is this residential income property located?
The property is located at 303 E 43RD Street 25B New York City, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Corner living and dining room measuring 23 feet by 16 feet; Approximately 1,589 SF with three bedrooms and two‑and‑a‑half bathrooms; South and west exposures with panoramic city views
