Residential Income
35 PARK Avenue 4A, Manhattan, NY 10016
For Sale
$599,000
The one-bedroom residence includes a dedicated office alcove, renovated kitchen, marble bathroom, and five closets.
Property Size900 SF
Days on Market40
Property Features for 35 PARK Avenue 4A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
doorman
live-in superintendent
on-site garage
private garden
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Nathalie Wang Wang · License NY #10401350961
(646) 705-6275
Source:
Serhant
Added: Oct 1
Changed: Oct 31
Last Checked: Nov 8 at 11:58AM
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 one-bedroom cooperative residence at 35 Park Avenue has north- and south-facing exposures and extends more than 60 feet in length. Its entry foyer opens to a combined living and dining area, with a separate office alcove between that space and the bedroom. The renovated kitchen has updated appliances; hardwood flooring, a marble bathroom, and five closets complete the interior. Views include treetops and the city.
Built in 1955 and designed by Sylvan Bien, the full-service cooperative has a full-time doorman, live-in superintendent, on-site garage, and private landscaped garden for residents. Grand Central Terminal is nearby, along with dining, shopping, and transportation options in Murray Hill. Pied-à-terre use is considered, and financing up to 70% is permitted. Pets and in-unit washer/dryers are not allowed.
Built in 1955 and designed by Sylvan Bien, the full-service cooperative has a full-time doorman, live-in superintendent, on-site garage, and private landscaped garden for residents. Grand Central Terminal is nearby, along with dining, shopping, and transportation options in Murray Hill. Pied-à-terre use is considered, and financing up to 70% is permitted. Pets and in-unit washer/dryers are not allowed.
Key Highlights
- One‑bedroom cooperative residence with a separate office alcove
- More than 60 feet in length, with north- and south‑facing exposures
- Renovated kitchen, marble bathroom, hardwood floors, and five closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,159
Cap Rate
4.70%
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 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.2K
$550.6K – $734.1K
NOI $44,045 @ 7.0% cap · market cap 7.35%
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 - The one-bedroom residence includes a dedicated office alcove, renovated kitchen, marble bathroom, and five closets.
Where is this residential income property located?
The property is located at 35 PARK Avenue 4A 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: One‑bedroom cooperative residence with a separate office alcove; More than 60 feet in length, with north- and south‑facing exposures; Renovated kitchen, marble bathroom, hardwood floors, and five closets
