Prewar Residential Income
410 W 24th Street 6B, New York City, NY 10011
For Sale
$549,000
Pending
Corner studio residence with seven oversized windows, a renovated kitchen, hardwood floors, and flexible living arrangements.
Property Size523 SF
Days on Market179
Property Features for 410 W 24th Street 6B
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
full time doorman
live-in super
management office in complex
large heated indoor pool
gym
steam room
sauna
common roof deck
garage
bike room
Building Details
Building Size
Year Built
Construction
Listing Agency:
Compass
Listed By:
Gioia Zwack
(646) 644-4642
Source:
Carlinwright
Added: May 15
Changed: Nov 5
Last Checked: Nov 8 at 12:58PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Residence 6B is a 523 SF corner studio in London Terrace Towers, a 1932 prewar building at 410 W 24th Street. The home receives southern and eastern light through seven oversized windows and features approximately 9-foot beamed ceilings, hardwood flooring, a renovated windowed kitchen, and a windowed bath with original subway tile, black-and-white mosaic flooring, and a deep cast iron tub. A Circe wall-bed system incorporates a full-sized bed and a seven-foot bench seat that functions as a sofa. The existing layout may support conversion to a junior one-bedroom or possibly a one-bedroom configuration, subject to applicable requirements.
Building amenities include a full-time doorman, live-in superintendent, on-site management office, heated indoor pool, gym, steam room, sauna, common roof deck, garage, and bike room. Pied-à-terres, co-purchasing, trust purchases, gifts, and financing up to 80% are permitted. Subletting is allowed after two years of ownership. Certain amenities and storage may involve additional fees, and storage lockers are subject to a waitlist.
Building amenities include a full-time doorman, live-in superintendent, on-site management office, heated indoor pool, gym, steam room, sauna, common roof deck, garage, and bike room. Pied-à-terres, co-purchasing, trust purchases, gifts, and financing up to 80% are permitted. Subletting is allowed after two years of ownership. Certain amenities and storage may involve additional fees, and storage lockers are subject to a waitlist.
Key Highlights
- 523 SF corner studio in London Terrace Towers
- South and east exposures with seven oversized windows
- Approximately 9‑foot beamed ceilings and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,363
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,260
$327.3K
Cap Rate 7%
$233,757
$233.8K
Cap Rate 9%
$181,811
$181.8K
Market Conditions
NOI Build-Up for 523 SF
Gross rent
$31.3K $59.88/SF
− Vacancy
−$1.6K −$2.99/SF
EGI
$29.8K $56.89/SF
− OpEx
−$13.4K −$25.60/SF
NOI
$16.4K $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%
$327,260
Cap Rate 7%
$233,757
Cap Rate 9%
$181,811
Alternative Uses
Best Use
Apartment 5plus
$233.8K
$204.5K – $272.7K
NOI $16,363 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.6K
$319.9K – $426.6K
NOI $25,595 @ 7.0% cap · market cap 4.66%
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 - Corner studio residence with seven oversized windows, a renovated kitchen, hardwood floors, and flexible living arrangements.
Where is this residential income property located?
The property is located at 410 W 24th Street 6B New York City, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 523 SF corner studio in London Terrace Towers; South and east exposures with seven oversized windows; Approximately 9‑foot beamed ceilings and hardwood floors
