One-Bedroom Prewar Co-Op
400 E 59th Street 3-A, Manhattan, NY 10022
For Sale
$695,000
Residence 3-A is a one-bedroom prewar co-op in a full-service building with a 24-hour doorman.
Property Size770 SF
Price / SF$902.60
Days on Market108
Property Features for 400 E 59th Street 3-A
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Nest Seekers LLC
Listed By:
Yelena Kats
(917) 628-3294
Source:
Carlinwright
Added: Jul 25
Changed: Nov 7
Last Checked: Nov 8 at 1:02PM
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 Nest Seekers LLC
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Investment Insights
Based on property information with market context.
Residence 3-A at 400 E 59th Street is an oversized one-bedroom prewar co-op offering a classic layout with a proper foyer, oversized rooms, beamed ceilings, and hardwood floors throughout. The living room features a decorative fireplace with original woodwork, and the home includes five large closets, including two walk-in closets and four California Closets.
The windowed kitchen has fully integrated appliances, including a Bosch refrigerator, Bertazzoni microwave, and a 24" wide Smeg commercial range, with honed black granite countertops and a mirrored backsplash. The windowed bathroom features hand-picked white Calacutta marble slab, mosaic tiled radiant heated floors, a glass rain shower with Newport Brass fittings, and a Toto toilet and sink. Living areas also include stippled and lacquered walls, new moldings, custom plantation shutters, and radiator covers, with through-the-wall AC and in-room wiring for WiFi and surround sound.
The building is a full-service pre-war co-op designed by Van Wart and Wein in 1928, with a 24-hour doorman, live-in super, laundry room, bike room, and a serene garden off the lobby. The co-op is a 120-unit building split among two separate towers, with 75% financing permitted, no flip tax, pet-friendly policies, and pied-a-terres and sublets allowed. Maintenance includes electricity and basic RCN cable.
The windowed kitchen has fully integrated appliances, including a Bosch refrigerator, Bertazzoni microwave, and a 24" wide Smeg commercial range, with honed black granite countertops and a mirrored backsplash. The windowed bathroom features hand-picked white Calacutta marble slab, mosaic tiled radiant heated floors, a glass rain shower with Newport Brass fittings, and a Toto toilet and sink. Living areas also include stippled and lacquered walls, new moldings, custom plantation shutters, and radiator covers, with through-the-wall AC and in-room wiring for WiFi and surround sound.
The building is a full-service pre-war co-op designed by Van Wart and Wein in 1928, with a 24-hour doorman, live-in super, laundry room, bike room, and a serene garden off the lobby. The co-op is a 120-unit building split among two separate towers, with 75% financing permitted, no flip tax, pet-friendly policies, and pied-a-terres and sublets allowed. Maintenance includes electricity and basic RCN cable.
Key Highlights
- Residence 3‑A one‑bedroom prewar co‑op with proper foyer and oversized rooms
- Decorative fireplace with original woodwork, beamed ceilings, and hardwood floors
- Windowed kitchen with integrated Bosch refrigerator, Bertazzoni microwave, and 24" Smeg commercial range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,091
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,820
$481.8K
Cap Rate 7%
$344,157
$344.2K
Cap Rate 9%
$267,678
$267.7K
Market Conditions
NOI Build-Up for 770 SF
Gross rent
$46.1K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$43.8K $56.89/SF
− OpEx
−$19.7K −$25.60/SF
NOI
$24.1K $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%
$481,820
Cap Rate 7%
$344,157
Cap Rate 9%
$267,678
Alternative Uses
Best Use
Apartment 5plus
$344.2K
$301.1K – $401.5K
NOI $24,091 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.3K
$471.0K – $628.1K
NOI $37,683 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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 - Residence 3-A is a one-bedroom prewar co-op in a full-service building with a 24-hour doorman.
Where is this residential income property located?
The property is located at 400 E 59th Street 3-A Manhattan, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Residence 3‑A one‑bedroom prewar co‑op with proper foyer and oversized rooms; Decorative fireplace with original woodwork, beamed ceilings, and hardwood floors; Windowed kitchen with integrated Bosch refrigerator, Bertazzoni microwave, and 24" Smeg commercial range
