Renovated Residential Income
For Sale
$625,000
5 Tudor City Place 1932, New York City, NY 10017
Corner one-bedroom residence with East River views, custom storage, and a renovated kitchen in a full-service cooperative.
Property Size600 SF
Price / SF$1,041
Days on Market11
Property Features for 5 Tudor City Place 1932
General Information
Standard status
Active
Size
600 SF
Property subtype
Apartment
Additional Details
Asking Price
$625,000
Public Transit
Yes
Multifamily Units
1
Amenities
24-hour doorman
fitness center
laundry room
bicycle room
storage
shop
Building Details
Year Built
1930
Listing Agency:
Compass
Listed By:
Keith B Davidson
(917) 620-9597
Source:
Philipscheinfeld
Added: Sep 14
Changed: Sep 23
Last Checked: Sep 22 at 10:33PM
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 Compass
Investment Insights
Based on property information with market context.
Residence 1932 is a renovated corner one-bedroom apartment on the 19th floor of Windsor Tower, offering approximately 600 square feet of thoughtfully configured living space. The layout includes an entry foyer, French doors, custom built-ins, cabinetry, wardrobes, hardwood floors, and upgraded casement windows. The pass-through kitchen has quartz countertops, stainless-steel appliances, a dishwasher, wall oven, cooktop, Shaker cabinetry, and a pantry. A windowed bathroom completes the home.
Views extend toward the East River, Manhattan skyline, United Nations, 59th Street Bridge, and Pepsi-Cola sign. Windsor Tower is a 1930 prewar cooperative with a 24-hour doorman, professional staff, fitness center, laundry room, bicycle room, available storage, and an on-site shop. Pets, pied-a-terre ownership, co-purchasing, and parents purchasing for children are permitted; subletting is allowed after three years of ownership.
Views extend toward the East River, Manhattan skyline, United Nations, 59th Street Bridge, and Pepsi-Cola sign. Windsor Tower is a 1930 prewar cooperative with a 24-hour doorman, professional staff, fitness center, laundry room, bicycle room, available storage, and an on-site shop. Pets, pied-a-terre ownership, co-purchasing, and parents purchasing for children are permitted; subletting is allowed after three years of ownership.
Key Highlights
- Corner one‑bedroom residence on the 19th floor of Windsor Tower
- Approximately 600 square feet with custom built‑ins, cabinetry, and wardrobes
- East River and skyline views from the living room and bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,772
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,440
$375.4K
Cap Rate 7%
$268,171
$268.2K
Cap Rate 9%
$208,578
$208.6K
Market Conditions
NOI Build-Up for 600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.9K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.1K $56.89/SF
− OpEx
−$15.4K −$25.60/SF
NOI
$18.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,440
Cap Rate 7%
$268,171
Cap Rate 9%
$208,578
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,544 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
38,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner one-bedroom residence with East River views, custom storage, and a renovated kitchen in a full-service cooperative.
Where is this residential income property located?
The property is located at 5 Tudor City Place 1932 New York City, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Corner one‑bedroom residence on the 19th floor of Windsor Tower; Approximately 600 square feet with custom built‑ins, cabinetry, and wardrobes; East River and skyline views from the living room and bedroom
