Studio Residential Income
420 Central Park W 3-A, Manhattan, NY 10025
For Sale
$595,000
Studio condominium with flexible living zones, generous storage, and investor-friendly rental eligibility.
Property Size534 SF
Price / SF$1,114
Days on Market272
Property Features for 420 Central Park W 3-A
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hr doorman
live-in super
laundry
bike room
private storage
pet friendly
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty NYC
Listed By:
MELODY SWEENEY
(917) 346-7511
Source:
Miradorrealestate
Added: Feb 11
Changed: Nov 7
Last Checked: Nov 8 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 EXP Realty NYC
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Investment Insights
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This studio condominium offers 534 square feet with a practical arrangement that separates living, sleeping, and home office areas. South-facing windows bring natural light into the residence, while abundant closet space includes a walk-in closet. An elevated dining area with wrought iron handrails adds definition to the interior layout.
The property is at 420 Central Park W in New York City, directly along Central Park and one block from C/B subway and bus service. Whole Foods Market, Starbucks, Bareburger, Chipotle, and additional shops are nearby. Building services and amenities include a 24-hour doorman, live-in superintendent, laundry facilities, bike room, private storage, and a pet-friendly policy. Immediate rentals are permitted subject to condo approval, with no rental restrictions stated.
The property is at 420 Central Park W in New York City, directly along Central Park and one block from C/B subway and bus service. Whole Foods Market, Starbucks, Bareburger, Chipotle, and additional shops are nearby. Building services and amenities include a 24-hour doorman, live-in superintendent, laundry facilities, bike room, private storage, and a pet-friendly policy. Immediate rentals are permitted subject to condo approval, with no rental restrictions stated.
Key Highlights
- 534 SF studio condominium with separated living, sleeping, and home office areas
- South‑facing windows and abundant closet space, including a walk‑in closet
- Elevated dining area with wrought iron handrails
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,578
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,560
$351.6K
Cap Rate 7%
$251,114
$251.1K
Cap Rate 9%
$195,311
$195.3K
Market Conditions
NOI Build-Up for 534 SF
Gross rent
$33.6K $63.00/SF
− Vacancy
−$1.7K −$3.15/SF
EGI
$32.0K $59.85/SF
− OpEx
−$14.4K −$26.93/SF
NOI
$17.6K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,560
Cap Rate 7%
$251,114
Cap Rate 9%
$195,311
Alternative Uses
Best Use
Apartment 5plus
$251.1K
$219.7K – $293.0K
NOI $17,578 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.7K
$332.2K – $443.0K
NOI $26,577 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,358
Businesses Nearby
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Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Studio condominium with flexible living zones, generous storage, and investor-friendly rental eligibility.
Where is this residential income property located?
The property is located at 420 Central Park W 3-A Manhattan, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 534 SF studio condominium with separated living, sleeping, and home office areas; South‑facing windows and abundant closet space, including a walk‑in closet; Elevated dining area with wrought iron handrails
