Residential Income Property with
For Sale
$8,500,000
415 E 54th St Unit PH, New York, NY 10022
A two-level residence pairs private elevator access with a separate guest suite reached from a terrace.
Property Size7,835 SF
Price / SF$1,084
Days on Market15
Property Features for 415 E 54th St Unit PH
General Information
Standard status
Active
Size
7,835 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Neighborhood
Sunset Park
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$112,068
Building Details
Year Built
1983
Year Renovated
2000
Stories
31
Units
107
Listing Agency:
Compass
Listed By:
Robert Varvara (robert.varvara@compass.com)
Source:
Edifyny
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 28 at 7:49AM
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
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Investment Insights
Based on property information with market context.
This 7,835-square-foot, two-level residence includes a 41-foot great room, formal dining room, media room, and a private elevator landing. Multiple terraces span more than 3,000 square feet, and a glass-enclosed guest suite is accessible from one of the outdoor spaces. The upper floor contains the primary suite, dressing room, and additional sitting areas. A four-year renovation was completed in 2000; the building dates to 1983.
The home has eastern, western, northern, and southern exposures, with views toward the East River, Roosevelt Island, and the Midtown skyline. Its address is 415 East 54th Street in New York.
The home has eastern, western, northern, and southern exposures, with views toward the East River, Roosevelt Island, and the Midtown skyline. Its address is 415 East 54th Street in New York.
Key Highlights
- 7,835‑square‑foot residence arranged across two levels
- Private terraces covering more than 3,000 square feet
- 41‑foot great room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,136
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,902,720
$4.9M
Cap Rate 7%
$3,501,943
$3.5M
Cap Rate 9%
$2,723,733
$2.7M
Market Conditions
NOI Build-Up for 7,835 SF
Gross rent
$469.2K $59.88/SF
− Vacancy
−$23.5K −$2.99/SF
EGI
$445.7K $56.89/SF
− OpEx
−$200.6K −$25.60/SF
NOI
$245.1K $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%
$4,902,720
Cap Rate 7%
$3,501,943
Cap Rate 9%
$2,723,733
Alternative Uses
Best Use
Apartment 5plus
$3.50M
$3.06M – $4.09M
NOI $245,136 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.50M
$17.06M – $22.75M
NOI $1,365,170 @ 7.0% cap · market cap 16.06%
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
6,087
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
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level residence pairs private elevator access with a separate guest suite reached from a terrace.
Where is this residential income property located?
The property is located at 415 E 54th St Unit PH New York, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 7,835‑square‑foot residence arranged across two levels; Private terraces covering more than 3,000 square feet; 41‑foot great room
