Prewar One-Bedroom Cooperative
485 CENTRAL Park W APT2G, Manhattan, NY 10025
For Sale
$575,000
A renovated interior features a kitchen island, dining area, and building services including a part-time doorman and elevator.
Property Size600 SF
Price / SF$958.33
Days on Market34
Property Features for 485 CENTRAL Park W APT2G
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
part-time doorman
elevator
bicycle room
laundry room
common storage
live-in superintendent
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Serhant
Listed By:
Beatriz Moitinho
Source:
Decodenyc
Added: Oct 7
Changed: Nov 9
Last Checked: Nov 9 at 2:28PM
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 Serhant
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Investment Insights
Based on property information with market context.
This 600-square-foot, one-bedroom apartment is in a seven-story prewar cooperative built in 1910. Its layout includes a living and dining area, a king-size-capable bedroom, and a windowed bathroom with a tub and shower. Renovated hardwood floors, granite countertops, stainless steel appliances, and an island distinguish the updated kitchen. The apartment faces the rear of the building.
The cooperative is across Central Park West from Central Park, with B and C train service nearby. Building amenities include a part-time doorman, elevator, bicycle room, laundry room, common storage, and a live-in superintendent. Pied-à-terre ownership, purchases by parents, and pets are permitted; subletting is allowed after two years.
The cooperative is across Central Park West from Central Park, with B and C train service nearby. Building amenities include a part-time doorman, elevator, bicycle room, laundry room, common storage, and a live-in superintendent. Pied-à-terre ownership, purchases by parents, and pets are permitted; subletting is allowed after two years.
Key Highlights
- 600‑square‑foot one‑bedroom apartment
- Kitchen with island, granite countertops, and stainless steel appliances
- Seven‑story prewar cooperative built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,751
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,020
$395.0K
Cap Rate 7%
$282,157
$282.2K
Cap Rate 9%
$219,456
$219.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$37.8K $63.00/SF
− Vacancy
−$1.9K −$3.15/SF
EGI
$35.9K $59.85/SF
− OpEx
−$16.2K −$26.93/SF
NOI
$19.8K $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%
$395,020
Cap Rate 7%
$282,157
Cap Rate 9%
$219,456
Alternative Uses
Best Use
Apartment 5plus
$282.2K
$246.9K – $329.2K
NOI $19,751 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.6K
$373.3K – $497.7K
NOI $29,862 @ 7.0% cap · market cap 5.19%
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
9,390
Businesses Nearby
Explore this area
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
$1,125,200
Median Home Value
Market
Average Price Trend$/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 - A renovated interior features a kitchen island, dining area, and building services including a part-time doorman and elevator.
Where is this residential income property located?
The property is located at 485 CENTRAL Park W APT2G Manhattan, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 600‑square‑foot one‑bedroom apartment; Kitchen with island, granite countertops, and stainless steel appliances; Seven‑story prewar cooperative built in 1910
