High-Rise Residential Income
500 W 43rd Street 27-E, Manhattan, NY 10036
For Sale
$749,000
Updated residence with a Juliette terrace, marble bathroom, and full-service condominium amenities.
Property Size675 SF
Price / SF$1,109
Days on Market62
Property Features for 500 W 43rd Street 27-E
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
sundeck
gym
jacuzzi
sauna
bike room
storage
residents lounge
concierge
doorman
resident manager
garage
Building Details
Building Size
Year Built
Listing Agency:
Fischer Group Realty LLC
Listed By:
Mert Basol
(212) 563-4272
Source:
Lenasimpson
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 1:38PM
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 Fischer Group Realty LLC
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Investment Insights
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Built in 1987, this 675-square-foot high-rise residence includes an updated kitchen with a dishwasher, gas stove, microwave, and refrigerator. The layout features a large living room, one bedroom, three closets, marble bathroom finishes, parquet floors, and floor-to-ceiling sliding doors opening to a Juliette terrace. Views extend toward the protected Clinton District and New York City.
The property is located at 500 W 43rd Street 27-E in New York City, two blocks from Times Square and the Theater District. The Strand is a full-service condominium with a renovated lobby, 24-hour concierge and doorman service, resident manager, rooftop swimming pool, sundeck, gym, Jacuzzi, sauna, lockers, bike room, storage, and residents lounge. A garage is also available on the premises. Gas, water, and heat are included in common charges.
The property is located at 500 W 43rd Street 27-E in New York City, two blocks from Times Square and the Theater District. The Strand is a full-service condominium with a renovated lobby, 24-hour concierge and doorman service, resident manager, rooftop swimming pool, sundeck, gym, Jacuzzi, sauna, lockers, bike room, storage, and residents lounge. A garage is also available on the premises. Gas, water, and heat are included in common charges.
Key Highlights
- 675‑square‑foot residence in a high‑rise condominium
- Two blocks from Times Square and the Theater District
- Updated kitchen with dishwasher, gas stove, microwave, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,119
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,380
$422.4K
Cap Rate 7%
$301,700
$301.7K
Cap Rate 9%
$234,656
$234.7K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$40.4K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$38.4K $56.89/SF
− OpEx
−$17.3K −$25.60/SF
NOI
$21.1K $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 Rate 5%
$422,380
Cap Rate 7%
$301,700
Cap Rate 9%
$234,656
Alternative Uses
Best Use
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,119 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.9K
$412.9K – $550.6K
NOI $33,033 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,460
Businesses Nearby
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Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
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Market
Average Price Trend$/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 - Updated residence with a Juliette terrace, marble bathroom, and full-service condominium amenities.
Where is this residential income property located?
The property is located at 500 W 43rd Street 27-E Manhattan, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 675‑square‑foot residence in a high‑rise condominium; Two blocks from Times Square and the Theater District; Updated kitchen with dishwasher, gas stove, microwave, and refrigerator
