High-Rise Residential Income
40 BROAD Street 22F, Manhattan, NY 10004
For Sale
$999,000
Pending
High-floor residence with separate kitchen, in-unit laundry, private dressing area, and access to full-service building amenities.
Property Size934 SF
Days on Market61
Property Features for 40 BROAD Street 22F
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Jonathan R Stein · License NY #10401387129
(212) 588-5600
Source:
Irynaferenets
Added: Sep 10
Changed: Nov 5
Last Checked: Nov 9 at 8:58AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 934-square-foot residence occupies the 22nd floor of a full-service building completed in 1986. The layout includes an entry foyer, powder room, in-unit washer and dryer, a separate kitchen, and an open living and dining area sized for both formal dining and lounge furnishings. The primary bedroom includes sliding doors, while the adjoining dressing area provides built-in California Closet storage. Its en-suite bath features a dual vanity, soaking tub, separate shower, and Carrara marble finishes.
Building amenities include a fitness center, recreation room, indoor lounge, and roof deck. Full-time doorman service and pet-friendly policies add to the building’s residential convenience. The property is located at 40 Broad Street in New York City’s Financial District, with a 10004 ZIP code.
Building amenities include a fitness center, recreation room, indoor lounge, and roof deck. Full-time doorman service and pet-friendly policies add to the building’s residential convenience. The property is located at 40 Broad Street in New York City’s Financial District, with a 10004 ZIP code.
Key Highlights
- 934 SF residence on the 22nd floor
- Separate kitchen beside living and dining areas
- Primary suite with dressing area and California Closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,222
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,440
$584.4K
Cap Rate 7%
$417,457
$417.5K
Cap Rate 9%
$324,689
$324.7K
Market Conditions
NOI Build-Up for 934 SF
Gross rent
$55.9K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.1K $56.89/SF
− OpEx
−$23.9K −$25.60/SF
NOI
$29.2K $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%
$584,440
Cap Rate 7%
$417,457
Cap Rate 9%
$324,689
Alternative Uses
Best Use
Apartment 5plus
$417.5K
$365.3K – $487.0K
NOI $29,222 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$653.0K
$571.4K – $761.8K
NOI $45,709 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
27,450
Businesses Nearby
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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
$1,866,400
Median Home Value
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Market
Average Price Trend$/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 - High-floor residence with separate kitchen, in-unit laundry, private dressing area, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 40 BROAD Street 22F Manhattan, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 934 SF residence on the 22nd floor; Separate kitchen beside living and dining areas; Primary suite with dressing area and California Closet storage
