Two-Bedroom Residential Income
473 Fdr Drive K1304, Manhattan, NY 10002
For Sale
$750,000
Co-op residence with a private balcony, western and northern exposures, generous storage, and a windowed eat-in kitchen.
Property Size1,000 SF
Price / SF$750
Days on Market160
Property Features for 473 Fdr Drive K1304
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
24-hour attended lobbies
private parks
children's playroom
community room
fitness center
private balcony
Building Details
Building Size
Year Built
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Carytamura
Added: Jun 3
Changed: Nov 9
Last Checked: Nov 8 at 4:22PM
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 LoHo Realty Inc
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Investment Insights
Based on property information with market context.
This well-maintained 1,000-square-foot, two-bedroom co-op residence at 473 Fdr Drive offers a functional layout with abundant natural light and storage. Fresh paint and refinished original parquet hardwood floors complement the oversized living room, which features a wall of windows and a large picture window. Western and northern exposures provide views toward Grand Street, the Freedom Tower, and the co-op’s manicured private parks. A private balcony extends the living space, while the pass-through kitchen opening supports flow between the living and dining areas.
The windowed eat-in kitchen offers generous space for customization, including the potential to partially or fully open it to the living room. An extended entry foyer separates entertaining and private areas and includes substantial storage, with three of the residence’s six closets located nearby. The primary bedroom includes two oversized walk-in closets and room for a king-size bed, dressers, and additional seating.
Co-op amenities include 24-hour attended lobbies, two large private parks, a children’s playroom, community room, and fully equipped fitness center. The property is near supermarkets, neighborhood retailers, restaurants, Target, Regal Cinemas, M14A, M14D, M21, and M22 bus routes, and J, M, F, and Z trains. Dogs are not permitted; gifting, guarantors, pied-a-terre, and subleasing after two years of ownership are permitted.
The windowed eat-in kitchen offers generous space for customization, including the potential to partially or fully open it to the living room. An extended entry foyer separates entertaining and private areas and includes substantial storage, with three of the residence’s six closets located nearby. The primary bedroom includes two oversized walk-in closets and room for a king-size bed, dressers, and additional seating.
Co-op amenities include 24-hour attended lobbies, two large private parks, a children’s playroom, community room, and fully equipped fitness center. The property is near supermarkets, neighborhood retailers, restaurants, Target, Regal Cinemas, M14A, M14D, M21, and M22 bus routes, and J, M, F, and Z trains. Dogs are not permitted; gifting, guarantors, pied-a-terre, and subleasing after two years of ownership are permitted.
Key Highlights
- 1,000‑square‑foot, two‑bedroom co‑op residence built in 1955
- Private balcony with western and northern exposures
- Oversized living room with a wall of windows and large picture window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,386
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,720
$627.7K
Cap Rate 7%
$448,371
$448.4K
Cap Rate 9%
$348,733
$348.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$59.9K $59.88/SF
− Vacancy
−$2.8K −$2.81/SF
EGI
$57.1K $57.07/SF
− OpEx
−$25.7K −$25.68/SF
NOI
$31.4K $31.39/SF
Area
ZIP 10002
Vacancy
4.70%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,720
Cap Rate 7%
$448,371
Cap Rate 9%
$348,733
Alternative Uses
Best Use
Apartment 5plus
$448.4K
$392.3K – $523.1K
NOI $31,386 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.1K
$611.7K – $815.6K
NOI $48,938 @ 7.0% cap · market cap 6.53%
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
4,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Average Price Trend$/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 - Co-op residence with a private balcony, western and northern exposures, generous storage, and a windowed eat-in kitchen.
Where is this residential income property located?
The property is located at 473 Fdr Drive K1304 Manhattan, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,000‑square‑foot, two‑bedroom co‑op residence built in 1955; Private balcony with western and northern exposures; Oversized living room with a wall of windows and large picture window
