High-Floor Residential Income
40 BROAD Street 27C, Manhattan, NY 10004
For Sale
$599,000
Bright studio residence with high ceilings, custom finishes, and full-service building amenities in the Financial District.
Property Size590 SF
Price / SF$1,015
Days on Market61
Property Features for 40 BROAD Street 27C
General Information
Standard status
Size
Property subtype
Financials
Asking Price
HOA Fee
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24/7 doorman
concierge
live-in super
fitness center
residents' lounge
media room
multiple terraces
rooftop deck
on-site dining
in-unit washer/dryer
chef's kitchen
spa bathroom
Building Details
Building Size
Year Built
Listing Agency:
PROMEST
Listed By:
Christophe Bourreau
(305) 613-8570
Source:
Carytamura
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 6 at 7:00PM
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 PROMEST
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Investment Insights
Based on property information with market context.
Unit 27C is a high-floor studio residence with South-West exposure, two oversized windows, 10ft ceilings, Brazilian Walnut floors, and substantial storage. The interior includes an in-unit Bosch washer/dryer and a kitchen equipped with black granite counters, custom walnut cabinetry, a Sub-Zero refrigerator, Miele gas range, oven, dishwasher, and wine cooler. The bathroom features a deep soaking tub and separate rain shower, while the flexible layout accommodates living, dining, and work areas.
The building at 40 Broad Street provides 24/7 doorman service, concierge coverage, and a live-in superintendent. Amenities span 44,000+ sq ft and include a fitness center, residents' lounge, media room, multiple terraces, and a rooftop deck with panoramic views of the Statue of Liberty, Hudson River, and city skyline. On-site dining is available at Reserve Cut. Subway, PATH, ferry, commuter, bicycle, and major roadway connections are nearby.
The building at 40 Broad Street provides 24/7 doorman service, concierge coverage, and a live-in superintendent. Amenities span 44,000+ sq ft and include a fitness center, residents' lounge, media room, multiple terraces, and a rooftop deck with panoramic views of the Statue of Liberty, Hudson River, and city skyline. On-site dining is available at Reserve Cut. Subway, PATH, ferry, commuter, bicycle, and major roadway connections are nearby.
Key Highlights
- High‑floor studio at 40 Broad Street, Unit 27C
- 590 property size with 10ft ceilings and two oversized windows
- South‑West exposure with views from the rooftop deck toward the Statue of Liberty and Hudson River
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,460
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,200
$369.2K
Cap Rate 7%
$263,714
$263.7K
Cap Rate 9%
$205,111
$205.1K
Market Conditions
NOI Build-Up for 590 SF
Gross rent
$35.3K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$33.6K $56.89/SF
− OpEx
−$15.1K −$25.60/SF
NOI
$18.5K $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%
$369,200
Cap Rate 7%
$263,714
Cap Rate 9%
$205,111
Alternative Uses
Best Use
Apartment 5plus
$263.7K
$230.8K – $307.7K
NOI $18,460 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.71M
NOI $102,802 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
$1,866,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Bright studio residence with high ceilings, custom finishes, and full-service building amenities in the Financial District.
Where is this residential income property located?
The property is located at 40 BROAD Street 27C 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: High‑floor studio at 40 Broad Street, Unit 27C; 590 property size with 10ft ceilings and two oversized windows; South‑West exposure with views from the rooftop deck toward the Statue of Liberty and Hudson River
