High-Floor Residential Income
50 HENRY Street 7B, Manhattan, NY 10002
For Sale
$850,000
Single-bedroom condominium with a private balcony, skyline outlooks, and express transit within a five-minute walk.
Property Size760 SF
Price / SF$1,118
Days on Market54
Property Features for 50 HENRY Street 7B
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
foyer with storage
oversized windows
private balcony
pass-through counter
dedicated window for kitchen
walk-in closet
walk-in shower
skyline views
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Joshua B Rubin · License #30RU0854049
(917) 727-6321
Source:
Bondnyre
Added: Sep 15
Changed: Nov 7
Last Checked: Nov 6 at 5:19PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This high-floor, single-bedroom condominium was built in 1991 and features a defined foyer with substantial storage, a bright main living area, and oversized windows opening to a private balcony. The kitchen includes its own window and a pass-through counter connecting it visually with the living room. The bedroom includes a walk-in closet, while the adjoining bathroom is fitted with a walk-in shower.
The residence offers broad skyline views and convenient access to express transit located within a five-minute walk. It is also near lower Manhattan’s culinary and cultural corridor, placing dining and cultural destinations within the surrounding urban setting.
The residence offers broad skyline views and convenient access to express transit located within a five-minute walk. It is also near lower Manhattan’s culinary and cultural corridor, placing dining and cultural destinations within the surrounding urban setting.
Key Highlights
- High‑floor, single‑bedroom condominium
- Private balcony with broad skyline views
- Oversized windows provide substantial natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,853
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,060
$477.1K
Cap Rate 7%
$340,757
$340.8K
Cap Rate 9%
$265,033
$265.0K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$45.5K $59.88/SF
− Vacancy
−$2.1K −$2.81/SF
EGI
$43.4K $57.07/SF
− OpEx
−$19.5K −$25.68/SF
NOI
$23.9K $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%
$477,060
Cap Rate 7%
$340,757
Cap Rate 9%
$265,033
Alternative Uses
Best Use
Apartment 5plus
$340.8K
$298.2K – $397.6K
NOI $23,853 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,422 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,351
Businesses Nearby
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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
$808,500
Median Home Value
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Market
Average Price Trend$/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 - Single-bedroom condominium with a private balcony, skyline outlooks, and express transit within a five-minute walk.
Where is this residential income property located?
The property is located at 50 HENRY Street 7B Manhattan, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High‑floor, single‑bedroom condominium; Private balcony with broad skyline views; Oversized windows provide substantial natural light
