One-Bedroom Residential
New
For Sale
$895,000
40 BROAD Street 28A, New York City, NY 10004
Corner residence with a contemporary kitchen, in-unit laundry, and access to extensive shared amenities.
Property Size921 SF
Price / SF$971.77
Days on Market6
Property Features for 40 BROAD Street 28A
General Information
Standard status
Active
Size
921 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$21,816
Amenities
concierge
fitness center
yoga room
recreation room
billiard table
lounge
media room
playroom
outdoor terraces
roof deck
fireplace
bar
Building Details
Building Size
921 SF
Year Built
1986
Listing Agency:
Corcoran Group
Listed By:
Jesse L Schrager
(646) 812-1175
Source:
Broadwayrealty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 2:39PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This 921-square-foot corner residence has one bedroom, one full bathroom, and a powder room. Brazilian walnut flooring, 10-foot ceilings, and oversized windows define the living area, which accommodates separate lounge and dining spaces. The open kitchen features custom walnut cabinetry, black granite counters, and appliances by Sub-Zero, Miele, and Bosch. The bedroom includes built-in storage, a walk-in closet, and an en-suite bath with a dual-sink vanity, soaking tub, and walk-in shower. A stacked washer and dryer are concealed in the entry hall.
The building has a two-story lobby, concierge service, and a 24-hour front desk. Shared facilities include a fitness center, yoga room, recreation room, lounge, media room, playroom, four outdoor terraces, and a renovated rooftop deck with an indoor lounge. Reserve Cut is located on the second floor.
The residence offers south- and west-facing city views, with a partial river view. Nearby transportation options include subway service, the PATH connection, and South Street ferries; the Oculus is also nearby. Hudson River Park, Battery Park, Whole Foods, and restaurants are within the surrounding area.
The building has a two-story lobby, concierge service, and a 24-hour front desk. Shared facilities include a fitness center, yoga room, recreation room, lounge, media room, playroom, four outdoor terraces, and a renovated rooftop deck with an indoor lounge. Reserve Cut is located on the second floor.
The residence offers south- and west-facing city views, with a partial river view. Nearby transportation options include subway service, the PATH connection, and South Street ferries; the Oculus is also nearby. Hudson River Park, Battery Park, Whole Foods, and restaurants are within the surrounding area.
Key Highlights
- 921‑square‑foot corner residence with one bedroom, one full bathroom, and a powder room
- 10‑foot ceilings and oversized windows in the living area
- Kitchen equipped with Sub‑Zero, Miele, and Bosch appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,816
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,320
$576.3K
Cap Rate 7%
$411,657
$411.7K
Cap Rate 9%
$320,178
$320.2K
Market Conditions
NOI Build-Up for 921 SF
Gross rent
$55.1K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$52.4K $56.89/SF
− OpEx
−$23.6K −$25.60/SF
NOI
$28.8K $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%
$576,320
Cap Rate 7%
$411,657
Cap Rate 9%
$320,178
Alternative Uses
Best Use
Apartment 5plus
$411.7K
$360.2K – $480.3K
NOI $28,816 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.01M – $2.67M
NOI $160,475 @ 7.0% cap · market cap 17.93%
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 - Corner residence with a contemporary kitchen, in-unit laundry, and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 40 BROAD Street 28A New York City, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 921‑square‑foot corner residence with one bedroom, one full bathroom, and a powder room; 10‑foot ceilings and oversized windows in the living area; Kitchen equipped with Sub‑Zero, Miele, and Bosch appliances
