Prewar Cooperative
439 E 51ST Street 7B, Manhattan, NY 10022
For Sale
$1,350,000
The seven-room residence combines two bedrooms with separate office and study spaces, plus views toward the East River.
Property Size1,800 SF
Price / SF$750
Days on Market74
Property Features for 439 E 51ST Street 7B
General Information
Standard status
Size
Property subtype
Amenities
24-hour doorman
live-in superintendent
fitness room
central laundry
hand-delivered mail
private storage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Ghislaine Absy
(212) 906-9243
Source:
Decodenyc
Added: Aug 28
Changed: Nov 8
Last Checked: Nov 9 at 7:38AM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This 1,800-square-foot apartment in a 1925 cooperative building has seven rooms, including two bedrooms, a separate office, and a study/TV room that could serve as a third bedroom. A windowed kitchen and two full bathrooms complement the layout. Herringbone floors, a wood-burning fireplace, and a formal dining room are among the interior features; the apartment has been freshly painted throughout.
The building is on a cul-de-sac in Beekman Place, with views toward the East River and surrounding tree-lined streets. Peter Detmold Park and the waterfront are nearby, and the East Midtown Greenway is a few blocks away. Building amenities include a 24-hour doorman, live-in superintendent, fitness room, central laundry, hand-delivered mail, and private storage. Pets and pied-à-terres are permitted, along with up to 65% financing.
The building is on a cul-de-sac in Beekman Place, with views toward the East River and surrounding tree-lined streets. Peter Detmold Park and the waterfront are nearby, and the East Midtown Greenway is a few blocks away. Building amenities include a 24-hour doorman, live-in superintendent, fitness room, central laundry, hand-delivered mail, and private storage. Pets and pied-à-terres are permitted, along with up to 65% financing.
Key Highlights
- 1,800‑square‑foot apartment with a seven‑room layout
- Two bedrooms, separate office, and study/TV room with potential for use as a third bedroom
- Windowed kitchen, two full bathrooms, formal dining room, and wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,317
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,340
$1.1M
Cap Rate 7%
$804,529
$804.5K
Cap Rate 9%
$625,744
$625.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$107.8K $59.88/SF
− Vacancy
−$5.4K −$2.99/SF
EGI
$102.4K $56.89/SF
− OpEx
−$46.1K −$25.60/SF
NOI
$56.3K $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%
$1,126,340
Cap Rate 7%
$804,529
Cap Rate 9%
$625,744
Alternative Uses
Best Use
Apartment 5plus
$804.5K
$704.0K – $938.6K
NOI $56,317 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,089 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,011
Businesses Nearby
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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
$1,116,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - The seven-room residence combines two bedrooms with separate office and study spaces, plus views toward the East River.
Where is this residential income property located?
The property is located at 439 E 51ST Street 7B Manhattan, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1,800‑square‑foot apartment with a seven‑room layout; Two bedrooms, separate office, and study/TV room with potential for use as a third bedroom; Windowed kitchen, two full bathrooms, formal dining room, and wood‑burning fireplace
