Residential Income Property with
400 E 56th Street 19CD, Manhattan, NY 10022
For Sale
$1,950,000
A combined cooperative residence offers adaptable room arrangements, two private balconies, and access to extensive building amenities.
Property Size2,300 SF
Price / SF$847.83
Days on Market69
Property Features for 400 E 56th Street 19CD
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
fitness center
laundry room
garage
package room
bicycle storage
Skytop recreational lounge
heated outdoor swimming pool
furnished outdoor deck
Building Details
Year Built
Listing Agency:
Compass
Listed By:
Anne E Graber
(917) 561-5120
Source:
Dallien
Added: Aug 31
Changed: Nov 3
Last Checked: Nov 7 at 1:22PM
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
Based on property information with market context.
Residence 19CD combines two apartments into approximately 2,300 square feet, with a flexible plan that can accommodate as many as four bedrooms and three bathrooms. The home includes a spacious foyer, large living room, dining area, and windowed eat-in kitchen. The primary suite has five built-in closets and a marble bathroom with a soaking tub and separate shower. Two additional bedrooms share a full bath, while another bedroom has an en-suite bathroom. Two private balconies offer views toward the 59th Street Bridge, Chrysler Building, and downtown Manhattan. The residence was built in 1969, and maintenance includes utilities.
Plaza 400 is a white-glove cooperative with a fitness center, laundry room, garage, package room, and bicycle storage. Its rooftop includes a heated outdoor pool, furnished deck, and recreational lounge. The building permits pets, guarantors, co-purchasing, trust ownership, parent purchases for children, and pieds-a-terre. Subletting is allowed with board approval for three out of five years after three years of residency; financing up to 70% is permitted. The property is near Midtown shopping, the East River Greenway, subway and bus lines, grocery stores, and restaurants.
Plaza 400 is a white-glove cooperative with a fitness center, laundry room, garage, package room, and bicycle storage. Its rooftop includes a heated outdoor pool, furnished deck, and recreational lounge. The building permits pets, guarantors, co-purchasing, trust ownership, parent purchases for children, and pieds-a-terre. Subletting is allowed with board approval for three out of five years after three years of residency; financing up to 70% is permitted. The property is near Midtown shopping, the East River Greenway, subway and bus lines, grocery stores, and restaurants.
Key Highlights
- Combined apartment of approximately 2,300 square feet with a layout for up to four bedrooms and three bathrooms
- Two private balconies with views toward the 59th Street Bridge, Chrysler Building, and downtown Manhattan
- Primary suite includes five built‑in closets and a marble bathroom with soaking tub and separate shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,961
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,220
$1.4M
Cap Rate 7%
$1,028,014
$1.0M
Cap Rate 9%
$799,567
$799.6K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$137.7K $59.88/SF
− Vacancy
−$6.9K −$2.99/SF
EGI
$130.8K $56.89/SF
− OpEx
−$58.9K −$25.60/SF
NOI
$72.0K $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%
$1,439,220
Cap Rate 7%
$1,028,014
Cap Rate 9%
$799,567
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$899.5K – $1.20M
NOI $71,961 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.73M
$5.01M – $6.68M
NOI $400,752 @ 7.0% cap · market cap 20.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
27,619
Businesses Nearby
Explore this area
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
$1,116,700
Median Home Value
Market
Average Price Trend$/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 - A combined cooperative residence offers adaptable room arrangements, two private balconies, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 400 E 56th Street 19CD Manhattan, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Combined apartment of approximately 2,300 square feet with a layout for up to four bedrooms and three bathrooms; Two private balconies with views toward the 59th Street Bridge, Chrysler Building, and downtown Manhattan; Primary suite includes five built‑in closets and a marble bathroom with soaking tub and separate shower
