Residential Income
400 E 59th Street 2A, Manhattan, NY 10022
For Sale
$599,000
An 800-square-foot, renovated one-bedroom co-op features a windowed kitchen and five closets.
Property Size800 SF
Price / SF$748.75
Days on Market38
Property Features for 400 E 59th Street 2A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
24-hour doorman
live-in superintendent
landscaped common courtyard
decorative fireplace
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Carla Slocum-Friedman · License #10301209566
(917) 533-1815
Source:
Carlinwright
Added: Oct 1
Changed: Nov 5
Last Checked: Nov 6 at 3:01PM
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.
This 800-square-foot, one-bedroom cooperative residence occupies a corner position in a 1929 building. The renovated home has high ceilings, decorative moldings, herringbone hardwood floors, a fireplace, and antique light fixtures. Its windowed kitchen includes high-end appliances and a separate work area. The bedroom has southern and eastern views and is set apart from the main living area. Storage includes five closets, two of them walk-ins, and the bathroom has a window.
Building services include a 24-hour doorman and a live-in superintendent. Residents also have access to a landscaped common courtyard. The property is on East 59th Street in New York City, with Trader Joe’s across the street on First Avenue and Jean Claude’s nearby. Central Park and the East River Esplanade are also cited as nearby destinations.
The monthly maintenance fee covers electricity and basic cable. The residence is presented as suitable for use as a primary home or pied-à-terre.
Building services include a 24-hour doorman and a live-in superintendent. Residents also have access to a landscaped common courtyard. The property is on East 59th Street in New York City, with Trader Joe’s across the street on First Avenue and Jean Claude’s nearby. Central Park and the East River Esplanade are also cited as nearby destinations.
The monthly maintenance fee covers electricity and basic cable. The residence is presented as suitable for use as a primary home or pied-à-terre.
Key Highlights
- 800‑square‑foot, renovated one‑bedroom cooperative residence
- Corner unit in a 1929 building
- Windowed kitchen with high‑end appliances and separate work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 23.27%
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
29,944
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 - An 800-square-foot, renovated one-bedroom co-op features a windowed kitchen and five closets.
Where is this residential income property located?
The property is located at 400 E 59th Street 2A Manhattan, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 800‑square‑foot, renovated one‑bedroom cooperative residence; Corner unit in a 1929 building; Windowed kitchen with high‑end appliances and separate work area
