Renovated Junior 4 Residential Income
400 E 56TH Street 25F, Manhattan, NY 10022
For Sale
$885,000
Pending
One-bedroom layout includes a flexible additional room, updated finishes, and extensive storage.
Property Size948 SF
Days on Market56
Property Features for 400 E 56TH Street 25F
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24-hour doorman
concierge
security desk
package room
fitness center
yoga/stretching studio
laundry room
bicycle storage
rooftop heated pool
party/game room
playroom
wine refrigerator
Building Details
Building Size
Year Built
Listing Agency:
Next Stop NY
Listed By:
Jeffrey Cohen
(914) 489-1450
Source:
Howardhannanyc
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 8 at 4:33PM
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 Next Stop NY
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Investment Insights
Based on property information with market context.
Residence 25F is a renovated 948-square-foot one-bedroom, 1.5-bath home arranged in a Junior 4 configuration. The additional room can serve as an office or sleeping area. Engineered hardwood floors, custom closets, a wine refrigerator, updated kitchen and bathrooms, and substantial storage are included. North- and west-facing windows bring open city and skyline outlooks to the living areas and king-sized bedroom.
Plaza 400 is a 1969-built, full-service co-op with a renovated lobby, 24-hour doorman, concierge, security desk, staffed package room, fitness center, yoga and stretching studio, laundry room, and bicycle storage. Building operations include a live-in superintendent and assistant superintendent. The rooftop offers a heated outdoor pool, panoramic city views, a party or game room, playroom, tables, and lounge seating.
Utilities are included in maintenance. The building permits pets, pieds-à-terre, guarantors, co-purchasing, and parents purchasing for children. Sutton Place Park, the East Midtown Greenway, retail, restaurants, and multiple subway and bus routes are nearby.
Plaza 400 is a 1969-built, full-service co-op with a renovated lobby, 24-hour doorman, concierge, security desk, staffed package room, fitness center, yoga and stretching studio, laundry room, and bicycle storage. Building operations include a live-in superintendent and assistant superintendent. The rooftop offers a heated outdoor pool, panoramic city views, a party or game room, playroom, tables, and lounge seating.
Utilities are included in maintenance. The building permits pets, pieds-à-terre, guarantors, co-purchasing, and parents purchasing for children. Sutton Place Park, the East Midtown Greenway, retail, restaurants, and multiple subway and bus routes are nearby.
Key Highlights
- 948 SF one‑bedroom, 1.5‑bath Junior 4 residence
- Flexible additional room for office or sleeping area
- North and west exposures with open city and skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,660
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,200
$593.2K
Cap Rate 7%
$423,714
$423.7K
Cap Rate 9%
$329,556
$329.6K
Market Conditions
NOI Build-Up for 948 SF
Gross rent
$56.8K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.9K $56.89/SF
− OpEx
−$24.3K −$25.60/SF
NOI
$29.7K $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%
$593,200
Cap Rate 7%
$423,714
Cap Rate 9%
$329,556
Alternative Uses
Best Use
Apartment 5plus
$423.7K
$370.8K – $494.3K
NOI $29,660 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.8K
$579.9K – $773.2K
NOI $46,394 @ 7.0% cap · market cap 5.24%
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
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom layout includes a flexible additional room, updated finishes, and extensive storage.
Where is this residential income property located?
The property is located at 400 E 56TH Street 25F Manhattan, NY.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: 948 SF one‑bedroom, 1.5‑bath Junior 4 residence; Flexible additional room for office or sleeping area; North and west exposures with open city and skyline views
