One-Bedroom Prewar Co-Op
400 E 59th Street 3-A New York City, NY 10022
New
For Sale
$739,000
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$959.74
Days on Market6
Property Features for 400 E 59th Street 3-A
General Information
Standard status
Active
Size
770 SF
Property subtype
Apartment
Building Details
Year Built
1928
Listing Agency:
Nest Seekers LLC
(917) 628-3294
Listed By:
Yelena Kats
(917) 628-3294
Source:
Carlinwright
Added: Jul 25
Changed: Jul 30
Last Checked: Jul 30 at 3:35AM
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.
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $59.88 |
| − Vacancy | −$2.3k | −$2.99 |
| EGI | $43.8k | $56.89 |
| − OpEx | −$19.7k | −$25.60 |
| NOI | $24.1k | $31.29 |
770 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$344.2K
$301.1K – $401.5K
NOI $24,091 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,165 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 New York City, NY.
What is the asking price?
The asking price for this property is $739,000.
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
