High-Floor One-Bedroom Income
For Sale
$608,000
473 Fdr Drive K1501, New York City, NY 10002
Co-op residence with flexible living space, abundant natural light, and East River and Williamsburg Bridge views.
Property Size800 SF
Price / SF$760
Days on Market195
Property Features for 473 Fdr Drive K1501
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour attended lobbies
2 large private parks
children's playroom
community room
fully equipped fitness center
Building Details
Building Size
800 SF
Year Built
1955
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Thethomas
Added: Apr 24
Changed: Sep 29
Last Checked: Nov 3 at 11:10AM
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 high-floor, one-bedroom co-op residence offers approximately 800 sq. ft. with an oversized living room, separate dining area, windowed kitchen, windowed bathroom, and a king-sized bedroom with southern and eastern exposures. Four corner windows bring natural light into the main living area, while 8-foot ceilings, hardwood parquet floors, and four large closets add to the practical layout. The kitchen includes original solid wood cabinetry, a deep cast-iron sink, and space for a small dining table and additional storage. The dividing wall between the kitchen and living room may be partially or completely removed, subject to applicable requirements, to create a more open arrangement.
The residence overlooks the East River and Williamsburg Bridge and is located at 473 Fdr Drive in New York City. Building amenities include 24-hour attended lobbies, two private parks, a children's playroom, community room, and fitness center. The property is near supermarkets, neighborhood retailers, restaurants, Target, and Regal Cinemas, with access to M14A, M14D, M21, and M22 bus routes and the J, M, F, and Z trains. Citibike stations are also nearby.
The residence overlooks the East River and Williamsburg Bridge and is located at 473 Fdr Drive in New York City. Building amenities include 24-hour attended lobbies, two private parks, a children's playroom, community room, and fitness center. The property is near supermarkets, neighborhood retailers, restaurants, Target, and Regal Cinemas, with access to M14A, M14D, M21, and M22 bus routes and the J, M, F, and Z trains. Citibike stations are also nearby.
Key Highlights
- Approximately 800 sq. ft. high‑floor one‑bedroom co‑op residence
- East River and Williamsburg Bridge views from every room
- Oversized living room with separate dining area and four corner windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,109
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,180
$502.2K
Cap Rate 7%
$358,700
$358.7K
Cap Rate 9%
$278,989
$279.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.3K −$2.81/SF
EGI
$45.7K $57.07/SF
− OpEx
−$20.5K −$25.68/SF
NOI
$25.1K $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%
$502,180
Cap Rate 7%
$358,700
Cap Rate 9%
$278,989
Alternative Uses
Best Use
Apartment 5plus
$358.7K
$313.9K – $418.5K
NOI $25,109 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 22.93%
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
Frequently Asked Questions
What type of property is this?
Residential income property - Co-op residence with flexible living space, abundant natural light, and East River and Williamsburg Bridge views.
Where is this residential income property located?
The property is located at 473 Fdr Drive K1501 New York City, NY.
What is the asking price?
The asking price for this property is $608,000.
What are key features of this property?
This property features: Approximately 800 sq. ft. high‑floor one‑bedroom co‑op residence; East River and Williamsburg Bridge views from every room; Oversized living room with separate dining area and four corner windows
