One-Bedroom Residential Income
400 E 56TH Street 23F, Manhattan, NY 10022
For Sale
$749,000
Pending
Apartment residence with generous living areas, abundant storage, city views, and extensive full-service building amenities.
Property Size945 SF
Days on Market63
Property Features for 400 E 56TH Street 23F
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
Sky Top Lounge
outdoor heated rooftop pool
children's playroom
fitness center
yoga/stretching studio
laundry facilities
bicycle storage
concierge services
24-hour doorman
on-site security
live-in superintendent
Building Details
Building Size
Year Built
Listing Agency:
Christies International Real Estate New York
Listed By:
Andrea Blumenthal
(917) 224-6999
Source:
Howardhannanyc
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 8 at 12:25PM
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 Christies International Real Estate New York
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Investment Insights
Based on property information with market context.
Apartment 23F at Plaza 400 offers 945 square feet with a one-bedroom, one-and-a-half-bath layout. A foyer leads to an expansive living and dining area with oversized windows, northern and western exposures, and open city views. The king-sized bedroom includes an en-suite full bath with a stall shower and substantial closet space. Additional features include walk-in storage, a well-proportioned kitchen, and a powder room.
Plaza 400 is a full-service cooperative completed in 1969. Building amenities include a Sky Top Lounge, outdoor heated rooftop pool, children's playroom, fitness center with yoga and stretching studio, professional-grade laundry facilities, bicycle storage, concierge service, 24-hour doorman coverage, on-site security, and live-in management. Monthly maintenance includes all utilities. The building permits pets, pieds-à-terre, co-purchasing, guarantors, and parents purchasing for children.
Plaza 400 is a full-service cooperative completed in 1969. Building amenities include a Sky Top Lounge, outdoor heated rooftop pool, children's playroom, fitness center with yoga and stretching studio, professional-grade laundry facilities, bicycle storage, concierge service, 24-hour doorman coverage, on-site security, and live-in management. Monthly maintenance includes all utilities. The building permits pets, pieds-à-terre, co-purchasing, guarantors, and parents purchasing for children.
Key Highlights
- 945 SF one‑bedroom, one‑and‑a‑half‑bath apartment at Plaza 400
- F‑line layout with expansive living and dining area
- Oversized windows with northern and western exposures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,566
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,320
$591.3K
Cap Rate 7%
$422,371
$422.4K
Cap Rate 9%
$328,511
$328.5K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$56.6K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.8K $56.89/SF
− OpEx
−$24.2K −$25.60/SF
NOI
$29.6K $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%
$591,320
Cap Rate 7%
$422,371
Cap Rate 9%
$328,511
Alternative Uses
Best Use
Apartment 5plus
$422.4K
$369.6K – $492.8K
NOI $29,566 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.7K
$578.1K – $770.8K
NOI $46,247 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
27,619
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Apartment residence with generous living areas, abundant storage, city views, and extensive full-service building amenities.
Where is this residential income property located?
The property is located at 400 E 56TH Street 23F Manhattan, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 945 SF one‑bedroom, one‑and‑a‑half‑bath apartment at Plaza 400; F‑line layout with expansive living and dining area; Oversized windows with northern and western exposures
