Prewar Residential Income
410 W 24TH Street 4E, New York City, NY 10011
For Sale
$425,000
Pending
The cooperative building offers a full-time doorman, fitness center, heated pool, and landscaped roof deck.
Property Size450 SF
Days on Market84
Property Features for 410 W 24TH Street 4E
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
fitness center
heated pool
sauna
steam room
private garden
landscaped roof deck
laundry room
bicycle storage room
parking garage
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Daniela Kunen · License NY 30KU0994635
(212) 891-7611
Source:
Irynaferenets
Added: Aug 18
Changed: Nov 3
Last Checked: Nov 9 at 8:50AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 450-square-foot cooperative residence dates to 1929 and is offered as a sponsor unit without board approval. An entrance foyer opens to a large living area with east-facing windows, while the home also has a kitchen with storage, a full bathroom, high ceilings, and ample closets. The residence faces south.
Building services and amenities include a full-time doorman, live-in resident manager, fitness center, heated pool, sauna, steam room, private garden, landscaped roof deck, laundry room, bicycle storage, and parking garage. Financing is permitted up to 80%, and there is no flip tax.
Building services and amenities include a full-time doorman, live-in resident manager, fitness center, heated pool, sauna, steam room, private garden, landscaped roof deck, laundry room, bicycle storage, and parking garage. Financing is permitted up to 80%, and there is no flip tax.
Key Highlights
- 450‑square‑foot cooperative residence in a 1929 building
- Sponsor unit; no board approval required
- South‑facing residence with east‑facing living‑area windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,079
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,580
$281.6K
Cap Rate 7%
$201,129
$201.1K
Cap Rate 9%
$156,433
$156.4K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$26.9K $59.88/SF
− Vacancy
−$1.3K −$2.99/SF
EGI
$25.6K $56.89/SF
− OpEx
−$11.5K −$25.60/SF
NOI
$14.1K $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%
$281,580
Cap Rate 7%
$201,129
Cap Rate 9%
$156,433
Alternative Uses
Best Use
Apartment 5plus
$201.1K
$176.0K – $234.7K
NOI $14,079 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.3K – $367.0K
NOI $22,022 @ 7.0% cap · market cap 5.18%
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
28,863
Businesses Nearby
Explore this area
Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - The cooperative building offers a full-time doorman, fitness center, heated pool, and landscaped roof deck.
Where is this residential income property located?
The property is located at 410 W 24TH Street 4E New York City, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 450‑square‑foot cooperative residence in a 1929 building; Sponsor unit; no board approval required; South‑facing residence with east‑facing living‑area windows
