Condominium Apartment with Floor-to-Ceiling
For Sale
$965,000
Pending
40 BROAD Street 18A, New York City, NY 10004
A quiet, end-of-hallway condominium apartment with floor-to-ceiling windows and in-unit Miele washer/dryer.
Property Size930 SF
Days on Market330
Property Features for 40 BROAD Street 18A
General Information
Standard status
Pending
Size
930 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$21,024
Amenities
fitness center
roof club
children's play room
Building Details
Building Size
930 SF
Year Built
1986
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Lucy H Kuhn · License #10301200812
(917) 886-4970
Source:
Tricialee
Added: Nov 13, 2025
Changed: Oct 4
Last Checked: Oct 7 at 6:39PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This condominium apartment at 40 Broad Street features an A-line layout with 10 ft ceilings and floor-to-ceiling windows, bringing light into the living space. The kitchen is designed as a gourmet setup with mahogany cabinetry and stainless steel appliances. Interior finishes include black granite and Brazilian Walnut flooring. The primary suite includes a master bath with a rain shower, a Kohler deep soaking bath tub, and double sinks, plus a powder room for guests. An in-unit Miele washer/dryer adds day-to-day convenience.
Positioned at the end of the hallway, the home is described as quiet and private with few neighbors. The building is a full-service condominium with amenities including a fitness center, a children’s play room, and a glass-enclosed roof club with a fireplace.
Built in 1986, this residence is located in the Financial District near the South Street Seaport and the surrounding historic district with shopping, dining, and cultural attractions.
Positioned at the end of the hallway, the home is described as quiet and private with few neighbors. The building is a full-service condominium with amenities including a fitness center, a children’s play room, and a glass-enclosed roof club with a fireplace.
Built in 1986, this residence is located in the Financial District near the South Street Seaport and the surrounding historic district with shopping, dining, and cultural attractions.
Key Highlights
- 10 ft ceilings with floor‑to‑ceiling windows
- Gourmet kitchen with mahogany cabinetry and stainless steel appliances
- Primary bath with rain shower and Kohler deep soaking tub plus double sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,097
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,940
$581.9K
Cap Rate 7%
$415,671
$415.7K
Cap Rate 9%
$323,300
$323.3K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$55.7K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$52.9K $56.89/SF
− OpEx
−$23.8K −$25.60/SF
NOI
$29.1K $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%
$581,940
Cap Rate 7%
$415,671
Cap Rate 9%
$323,300
Alternative Uses
Best Use
Apartment 5plus
$415.7K
$363.7K – $485.0K
NOI $29,097 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.31M
$2.03M – $2.70M
NOI $162,043 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
27,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 10004, NY
4,287
Population
2,146
Households
2
Avg Household Size
35
Median Age
91%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
8,574
Density / Sq Mi
$220,592
Median Household Income
$136,348
Median Earnings
$3,501
Median Rent
$1,866,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A quiet, end-of-hallway condominium apartment with floor-to-ceiling windows and in-unit Miele washer/dryer.
Where is this residential income property located?
The property is located at 40 BROAD Street 18A New York City, NY.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 10 ft ceilings with floor‑to‑ceiling windows; Gourmet kitchen with mahogany cabinetry and stainless steel appliances; Primary bath with rain shower and Kohler deep soaking tub plus double sinks
