Residential Income Property with
New
For Sale
$8,500,000
415 E 54th Street PH, New York City, NY 10022
The two-level residence combines private outdoor space with a separate glass-enclosed guest suite.
Property Size7,835 SF
Price / SF$1,084
Days on Market5
Property Features for 415 E 54th Street PH
General Information
Standard status
Active
Size
7,835 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$112,068
Building Details
Building Size
7,835 SF
Year Built
1983
Year Renovated
2000
Listing Agency:
Compass
Listed By:
Robert Varvara
(914) 844-4940
Source:
Bondnyre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 4:38PM
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 penthouse features a private elevator landing, a grand entrance vestibule, and a marble staircase. Its living spaces include a 41-foot great room, formal dining room, media room, and a separate guest suite reached from a private terrace. The upper level contains the primary suite, dressing room, and additional sitting and work areas. Multiple terraces provide more than 3,000 square feet of outdoor space. The building was constructed in 1983, and a four-year renovation was completed in 2000.
At 415 E 54th Street in Manhattan, the residence has views toward the Midtown skyline, Roosevelt Island, and the East River. Its north, south, east, and west exposures bring natural light into the interior. The property was also used as a filming location for scenes in the 1987 film Wall Street.
At 415 E 54th Street in Manhattan, the residence has views toward the Midtown skyline, Roosevelt Island, and the East River. Its north, south, east, and west exposures bring natural light into the interior. The property was also used as a filming location for scenes in the 1987 film Wall Street.
Key Highlights
- 7,835‑square‑foot, two‑level penthouse
- More than 3,000 square feet of private terraces
- 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
Current Use
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 - The two-level residence combines private outdoor space with a separate glass-enclosed guest suite.
Where is this residential income property located?
The property is located at 415 E 54th Street PH New York City, 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, two‑level penthouse; More than 3,000 square feet of private terraces; 41‑foot great room
