Prewar Loft-Style Residential
New
For Sale
$898,000
400 E 59th Street 16-D, New York City, NY 10022
A one-bedroom co-op apartment pairs a sunken living room with a windowed kitchen and full-service building amenities.
Property Size940 SF
Price / SF$955.32
Days on Market3
Property Features for 400 E 59th Street 16-D
General Information
Standard status
Active
Size
940 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
pet friendly
full-service
private storage
bike storage
laundry facilities
Building Details
Building Size
940 SF
Year Built
1928
Listing Agency:
Nest Seekers LLC
Listed By:
Yelena Kats
(917) 628-3294
Source:
Howardhannanyc
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 8:00PM
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
Investment Insights
Based on property information with market context.
This prewar co-op apartment has one bedroom, a sunken living room, a foyer with two closets, and a separate bathroom accessible without entering the bedroom. The 10-foot ceilings and oversized windows frame views toward the 59th Street Bridge, Roosevelt Island Tram, and First Avenue. Interior details include a wood-burning fireplace, oak floors, and a windowed kitchen with slate tile, granite counters, a Viking stove, Haier refrigerator, and Miele dishwasher. The building was completed in 1928.
The full-service, pet-friendly co-op offers private storage, bike storage, laundry facilities, and service and passenger elevators in each of its two towers. Trader Joe’s is across the street, Whole Foods is around the corner, and restaurants and public transportation are nearby. Pied-à-terres and co-purchasing are permitted; financing up to 75% is allowed. Maintenance includes electricity, cable, and heat.
The full-service, pet-friendly co-op offers private storage, bike storage, laundry facilities, and service and passenger elevators in each of its two towers. Trader Joe’s is across the street, Whole Foods is around the corner, and restaurants and public transportation are nearby. Pied-à-terres and co-purchasing are permitted; financing up to 75% is allowed. Maintenance includes electricity, cable, and heat.
Key Highlights
- One‑bedroom apartment with 10‑foot ceilings and oversized windows
- Wood‑burning fireplace and sunken living room
- Windowed kitchen with granite counters, slate tile, Viking stove, Haier refrigerator, and Miele dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,410
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,200
$588.2K
Cap Rate 7%
$420,143
$420.1K
Cap Rate 9%
$326,778
$326.8K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$56.3K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.5K $56.89/SF
− OpEx
−$24.1K −$25.60/SF
NOI
$29.4K $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%
$588,200
Cap Rate 7%
$420,143
Cap Rate 9%
$326,778
Alternative Uses
Best Use
Apartment 5plus
$420.1K
$367.6K – $490.2K
NOI $29,410 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,786 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom co-op apartment pairs a sunken living room with a windowed kitchen and full-service building amenities.
Where is this residential income property located?
The property is located at 400 E 59th Street 16-D New York City, NY.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: One‑bedroom apartment with 10‑foot ceilings and oversized windows; Wood‑burning fireplace and sunken living room; Windowed kitchen with granite counters, slate tile, Viking stove, Haier refrigerator, and Miele dishwasher
