One-Bedroom Residential Income
333 W 57TH Street 504, New York City, NY 10019
For Sale
$895,000
Pending
Pre-war condop with garden views, generous storage, full-time doorman service, and access to shared roof decks.
Property Size900 SF
Days on Market57
Property Features for 333 W 57TH Street 504
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Amenities
doorman
garden
roof deck
BBQ grill
on-site laundry
fitness center
bike storage
storage
pet-friendly
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Royce Cara Berler · License NY #10301211384
(212) 361-9995
Source:
Nobleblackandpartners
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 8 at 2:17PM
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
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Investment Insights
Based on property information with market context.
Unit 504 is a one-bedroom, one-bathroom condop in a low-rise building constructed in 1931. The residence includes a windowed kitchen, separate dining and office areas, an entry foyer, a sunken living room, bay windows, parquet and herringbone flooring, high beamed ceilings, northern exposure, garden views, and extensive closet space. Furnished photographs are virtually staged.
The property is at 333 W 57th Street in New York City’s Midtown West, adjacent to Hell’s Kitchen. Central Park, Lincoln Center, the Theater District, Columbus Circle, Whole Foods, dining, entertainment, cultural destinations, and transportation options are nearby. Building amenities include a full-time doorman, two landscaped gardens, two roof decks with BBQ grills, four elevators, onsite laundry, and a gym. Personal and bike storage are available for an additional fee, subject to a possible waitlist. The building is smoke-free and permits pets.
The property is at 333 W 57th Street in New York City’s Midtown West, adjacent to Hell’s Kitchen. Central Park, Lincoln Center, the Theater District, Columbus Circle, Whole Foods, dining, entertainment, cultural destinations, and transportation options are nearby. Building amenities include a full-time doorman, two landscaped gardens, two roof decks with BBQ grills, four elevators, onsite laundry, and a gym. Personal and bike storage are available for an additional fee, subject to a possible waitlist. The building is smoke-free and permits pets.
Key Highlights
- One‑bedroom, one‑bathroom Unit 504 at 333 W 57th Street
- Built in 1931 with pre‑war architectural details
- Bay windows, high beamed ceilings, parquet and herringbone floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,159
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,180
$563.2K
Cap Rate 7%
$402,271
$402.3K
Cap Rate 9%
$312,878
$312.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$53.9K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.2K $56.89/SF
− OpEx
−$23.0K −$25.60/SF
NOI
$28.2K $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%
$563,180
Cap Rate 7%
$402,271
Cap Rate 9%
$312,878
Alternative Uses
Best Use
Apartment 5plus
$402.3K
$352.0K – $469.3K
NOI $28,159 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.2K
$550.6K – $734.1K
NOI $44,045 @ 7.0% cap · market cap 4.92%
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
32,136
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war condop with garden views, generous storage, full-time doorman service, and access to shared roof decks.
Where is this residential income property located?
The property is located at 333 W 57TH Street 504 New York City, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom Unit 504 at 333 W 57th Street; Built in 1931 with pre‑war architectural details; Bay windows, high beamed ceilings, parquet and herringbone floors
