Corner Two-Bedroom
For Sale
$765,000
350 E 54th Street 3-B, New York City, NY 10022
A windowed kitchen has plumbing in place for a washer and dryer.
Property Size810 SF
Price / SF$944.44
Days on Market12
Property Features for 350 E 54th Street 3-B
General Information
Standard status
Active
Size
810 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$15,780
Amenities
on-site laundry
Building Details
Building Size
810 SF
Year Built
1941
Listing Agency:
Buchbinder & Warren Realty Group LLC
Listed By:
GIGI VAN DECKTER
(646) 637-9814
Source:
Miradorrealestate
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 21 at 2:41AM
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 Buchbinder & Warren Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner apartment has two bedrooms, one bathroom, and east- and north-facing exposures, including views toward East 54th Street and First Avenue. The windowed kitchen has plumbing for a washer and dryer. A spacious living and dining area offers room for multiple uses. The building has an on-site superintendent and a shared laundry room.
Pets and pied-à-terre use are permitted. Subleasing is allowed with a three-month minimum, and parents may purchase for their children. The building permits 90% financing. The property was built in 1941.
The East River Esplanade is one block away, with subway service within walking distance. Restaurants, cafes, and food shopping are also nearby.
Pets and pied-à-terre use are permitted. Subleasing is allowed with a three-month minimum, and parents may purchase for their children. The building permits 90% financing. The property was built in 1941.
The East River Esplanade is one block away, with subway service within walking distance. Restaurants, cafes, and food shopping are also nearby.
Key Highlights
- Two‑bedroom, one‑bath corner apartment with east- and north‑facing exposures
- Windowed kitchen includes plumbing for a washer and dryer
- Building has a shared laundry room and live‑in superintendent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,343
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,860
$506.9K
Cap Rate 7%
$362,043
$362.0K
Cap Rate 9%
$281,589
$281.6K
Market Conditions
NOI Build-Up for 810 SF
Gross rent
$48.5K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$46.1K $56.89/SF
− OpEx
−$20.7K −$25.60/SF
NOI
$25.3K $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%
$506,860
Cap Rate 7%
$362,043
Cap Rate 9%
$281,589
Alternative Uses
Best Use
Apartment 5plus
$362.0K
$316.8K – $422.4K
NOI $25,343 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.02M
$1.76M – $2.35M
NOI $141,134 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31,504
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A windowed kitchen has plumbing in place for a washer and dryer.
Where is this residential income property located?
The property is located at 350 E 54th Street 3-B New York City, NY.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath corner apartment with east- and north‑facing exposures; Windowed kitchen includes plumbing for a washer and dryer; Building has a shared laundry room and live‑in superintendent
