Residential Property with Western
35 PARK Avenue 11D, Manhattan, NY 10016
For Sale
$2,395,000
A full-service Murray Hill co-op residence features custom-built storage, a private bar, and a wine cellar.
Property Size2,700 SF
Price / SF$855.36
Days on Market45
Property Features for 35 PARK Avenue 11D
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Maham Chaudhary · License #10401301377 (NY)
(646) 719-5975
Source:
Miradorrealestate
Added: Sep 26
Changed: Nov 8
Last Checked: Nov 8 at 1:18PM
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.
This Park Avenue co-op residence has a foyer, a living room with western views, and a dining room separated from the kitchen and bar area by etched-glass pocket doors. The eat-in kitchen includes custom cabinetry, a granite island, a Sub-Zero refrigerator, a Miele dishwasher, a countertop stove, two ovens, and a built-in microwave. The residence offers two primary suites, each with a full bathroom, along with a third bedroom currently arranged as a den. That room includes a wet bar, beverage refrigerator, walk-in closet, and built-ins. The first suite has two full bathrooms; the second has a walk-in closet and one full bathroom. The home also has a private wine cellar, seven-zone heating and cooling, seven closets, and additional custom storage throughout.
The building is a full-service co-op in Murray Hill. The property was built in 1955, and showings require 24 hours’ notice.
The building is a full-service co-op in Murray Hill. The property was built in 1955, and showings require 24 hours’ notice.
Key Highlights
- Full‑service co‑op residence in Murray Hill
- Two primary suites and a third bedroom currently used as a den
- Seven‑zone heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,604
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,080
$1.8M
Cap Rate 7%
$1,251,486
$1.3M
Cap Rate 9%
$973,378
$973.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$167.7K $59.88/SF
− Vacancy
−$8.4K −$2.99/SF
EGI
$159.3K $56.89/SF
− OpEx
−$71.7K −$25.60/SF
NOI
$87.6K $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%
$1,752,080
Cap Rate 7%
$1,251,486
Cap Rate 9%
$973,378
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,604 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.97M
$6.10M – $8.13M
NOI $487,872 @ 7.0% cap · market cap 20.37%
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
46,936
Businesses Nearby
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Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Market
Average Price Trend$/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 - A full-service Murray Hill co-op residence features custom-built storage, a private bar, and a wine cellar.
Where is this residential income property located?
The property is located at 35 PARK Avenue 11D Manhattan, NY.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Full‑service co‑op residence in Murray Hill; Two primary suites and a third bedroom currently used as a den; Seven‑zone heating and cooling
