Renovated One-Bedroom Residential
40 Sutton Place 4J, Manhattan, NY 10022
For Sale
$650,000
The 1981 condominium building permits pets and pied-à-terre ownership.
Property Size605 SF
Price / SF$1,074
Days on Market285
Property Features for 40 Sutton Place 4J
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Christine Frances Gambino
(516) 369-4515
Source:
Blackandwhiteresidential
Added: Jan 29
Changed: Nov 9
Last Checked: Nov 8 at 4:04PM
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 Compass
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Investment Insights
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This one-bedroom, one-bathroom condominium has been fully renovated, with hardwood floors and soundproof windows. The pass-through kitchen includes a full-size refrigerator, dishwasher, range, and microwave, along with custom wood cabinetry, black granite countertops, and tiled finishes. The bathroom features marble tile, a tub and shower combination, and updated plumbing and fixtures. The apartment has east-facing bridge and partial East River views. It can be purchased furnished or unfurnished, and custom solar shades may be included.
The building at 40 Sutton Place was constructed in 1981 and welcomes pets, pied-à-terre owners, and investors. Nearby destinations named in the property information include Trader Joe’s, Whole Foods, Bloomingdale’s, and the Sutton East Tennis Club. The East Side river esplanade offers routes for running, biking, and walking, with views of the East River, Long Island City, and Lower Manhattan.
The building at 40 Sutton Place was constructed in 1981 and welcomes pets, pied-à-terre owners, and investors. Nearby destinations named in the property information include Trader Joe’s, Whole Foods, Bloomingdale’s, and the Sutton East Tennis Club. The East Side river esplanade offers routes for running, biking, and walking, with views of the East River, Long Island City, and Lower Manhattan.
Key Highlights
- Fully renovated one‑bedroom, one‑bathroom condominium
- East‑facing bridge and partial East River views
- Kitchen has a full‑size refrigerator, dishwasher, range, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,929
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,580
$378.6K
Cap Rate 7%
$270,414
$270.4K
Cap Rate 9%
$210,322
$210.3K
Market Conditions
NOI Build-Up for 605 SF
Gross rent
$36.2K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.4K $56.89/SF
− OpEx
−$15.5K −$25.60/SF
NOI
$18.9K $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%
$378,580
Cap Rate 7%
$270,414
Cap Rate 9%
$210,322
Alternative Uses
Best Use
Apartment 5plus
$270.4K
$236.6K – $315.5K
NOI $18,929 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.0K
$370.1K – $493.5K
NOI $29,608 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
27,950
Businesses Nearby
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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
$1,116,700
Median Home Value
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Market
Average Price Trend$/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 - The 1981 condominium building permits pets and pied-à-terre ownership.
Where is this residential income property located?
The property is located at 40 Sutton Place 4J Manhattan, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully renovated one‑bedroom, one‑bathroom condominium; East‑facing bridge and partial East River views; Kitchen has a full‑size refrigerator, dishwasher, range, and microwave
