Combined Residential Income Property with
500 W 43rd Street 20-HJ, Manhattan, NY 10036
For Sale
$1,495,000
Flexible condominium layout with two balconies, abundant natural light, and full-service building amenities.
Property Size1,374 SF
Price / SF$1,088
Days on Market62
Property Features for 500 W 43rd Street 20-HJ
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
gym
indoor rooftop swimming pool
sauna
steam room
Jacuzzi
locker rooms
laundry on every other floor
residents lounge
sundeck with lounge chairs
bike room
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 9
Last Checked: Nov 8 at 3:12PM
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
Based on property information with market context.
This combined condominium residence offers 1,374 square feet with a flexible configuration currently arranged as three bedrooms and two full bathrooms. The layout may also accommodate two bedrooms, one bathroom, and a large studio. An open kitchen, two balconies, extensive windows, and sunset-facing views add to the interior’s appeal, while the property’s 1987 construction provides an established residential setting.
The full-service condominium includes a renovated lobby, 24-hour concierge, doorman, resident manager, gym, indoor rooftop pool, sauna, steam room, Jacuzzi, locker rooms, residents lounge, and sundeck. Common charges cover heat, gas, water, and cable. Laundry is available on every other floor, with bike room, additional storage, and parking garage access subject to availability. The property is in Hell’s Kitchen, two blocks from the Theater District and near Penn Station, Moynihan Train Hall, Port Authority, multiple subway lines, buses, Amtrak, and LIRR service.
The full-service condominium includes a renovated lobby, 24-hour concierge, doorman, resident manager, gym, indoor rooftop pool, sauna, steam room, Jacuzzi, locker rooms, residents lounge, and sundeck. Common charges cover heat, gas, water, and cable. Laundry is available on every other floor, with bike room, additional storage, and parking garage access subject to availability. The property is in Hell’s Kitchen, two blocks from the Theater District and near Penn Station, Moynihan Train Hall, Port Authority, multiple subway lines, buses, Amtrak, and LIRR service.
Key Highlights
- 1,374 SF combined condominium residence
- Flexible layout with three bedrooms and two full bathrooms
- Alternative configuration allows two bedrooms, one bathroom, and a large studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,989
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,780
$859.8K
Cap Rate 7%
$614,129
$614.1K
Cap Rate 9%
$477,656
$477.7K
Market Conditions
NOI Build-Up for 1,374 SF
Gross rent
$82.3K $59.88/SF
− Vacancy
−$4.1K −$2.99/SF
EGI
$78.2K $56.89/SF
− OpEx
−$35.2K −$25.60/SF
NOI
$43.0K $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%
$859,780
Cap Rate 7%
$614,129
Cap Rate 9%
$477,656
Alternative Uses
Best Use
Apartment 5plus
$614.1K
$537.4K – $716.5K
NOI $42,989 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$960.6K
$840.5K – $1.12M
NOI $67,241 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,460
Businesses Nearby
Explore this area
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
$988,000
Median Home Value
Market
Average Price Trend$/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 - Flexible condominium layout with two balconies, abundant natural light, and full-service building amenities.
Where is this residential income property located?
The property is located at 500 W 43rd Street 20-HJ Manhattan, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1,374 SF combined condominium residence; Flexible layout with three bedrooms and two full bathrooms; Alternative configuration allows two bedrooms, one bathroom, and a large studio
