Residential Income Property with
437 W 43RD Street New York, Manhattan, NY 10036
For Sale
$1,195,000
Residential, New York (Manhattan), NY
Property Size1,560 SF
Price / SF$766.03
Days on Market141
Property Features for 437 W 43RD Street New York
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Taxes and HOA fees
Tax Annual Amount
HOA Fee
Building Details
Floors in Building
Listing Agency:
Serhant LLC
Listed By:
Ryan Serhant
(646) 480-7665
Added: Jun 22
Changed: Nov 6
Last Checked: Nov 9 at 12:06PM
MLS# 1016965
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom residence spans approximately 1,560 square feet across two levels and includes an 850-square-foot west-facing private garden. Rear windows provide natural light to the living areas, while the floor plan offers substantial storage and additional lower-level rooms that can serve as a den, office, media room, or guest accommodations. The property is ready for updating, allowing for a customized interior approach.
Located at 437 W 43rd Street in New York’s Hell’s Kitchen, the residence is near Hudson Yards, the Theater District, multiple subway lines, and Citi Bike stations. It may be rented or resold immediately, subject to Board approval.
Located at 437 W 43rd Street in New York’s Hell’s Kitchen, the residence is near Hudson Yards, the Theater District, multiple subway lines, and Citi Bike stations. It may be rented or resold immediately, subject to Board approval.
Key Highlights
- Approximately 1,560 square feet across two levels
- 850‑square‑foot west‑facing private garden
- Two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,808
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,160
$976.2K
Cap Rate 7%
$697,257
$697.3K
Cap Rate 9%
$542,311
$542.3K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$93.4K $59.88/SF
− Vacancy
−$4.7K −$2.99/SF
EGI
$88.7K $56.89/SF
− OpEx
−$39.9K −$25.60/SF
NOI
$48.8K $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%
$976,160
Cap Rate 7%
$697,257
Cap Rate 9%
$542,311
Alternative Uses
Best Use
Apartment 5plus
$697.3K
$610.1K – $813.5K
NOI $48,808 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$954.3K – $1.27M
NOI $76,344 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
38,587
Businesses Nearby
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Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
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Market
Average Price Trend$/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 - Two-level residence with private outdoor space, flexible lower-level rooms, and rear windows bringing in natural light.
Where is this residential income property located?
The property is located at 437 W 43RD Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Approximately 1,560 square feet across two levels; 850‑square‑foot west‑facing private garden; Two bedrooms and two bathrooms
