Residential Income Property with
500 W 43rd Street 26-B, Manhattan, NY 10036
For Sale
$920,000
Midtown condominium residence with an open kitchen, hardwood floors, two marble bathrooms, and extensive building amenities.
Property Size838 SF
Price / SF$1,097
Days on Market186
Property Features for 500 W 43rd Street 26-B
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge
doorman
resident manager
gym
indoor rooftop swimming pool
sauna
steam room
jacuzzi
locker rooms
laundry on every other floor
residents lounge
sundeck
bike room
additional storage
parking garage
Building Details
Building Size
Year Built
Listing Agency:
Fischer Group Realty LLC
Listed By:
Mert Basol
(212) 563-4272
Source:
Howardhannanyc
Added: May 8
Changed: Nov 8
Last Checked: Nov 8 at 11:54AM
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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This 838-square-foot JR-4 condominium residence offers a practical layout with a well-sized primary bedroom, two full marble bathrooms, and multiple storage closets. The open kitchen includes stainless steel appliances, granite countertops, and a large window, while hardwood floors, walls of windows, and a private balcony add to the interior and outdoor living areas. Built in 1987, the property is located within The Strand, a full-service condominium with a 24-hour concierge, doorman, and resident manager.
Building amenities include an indoor rooftop swimming pool, gym, sauna, steam room, jacuzzi, locker rooms, residents lounge, sundeck, and laundry on every other floor. Common charges include heat, gas, water, and cable. Bike room access, additional storage, and parking garage access are subject to availability. The property is in Hell's Kitchen, two blocks from New York's Historic Theater District and near Penn Station, Moynihan Train Hall, Port Authority, Broadway theaters, Restaurant Row, and multiple subway lines and bus routes.
Building amenities include an indoor rooftop swimming pool, gym, sauna, steam room, jacuzzi, locker rooms, residents lounge, sundeck, and laundry on every other floor. Common charges include heat, gas, water, and cable. Bike room access, additional storage, and parking garage access are subject to availability. The property is in Hell's Kitchen, two blocks from New York's Historic Theater District and near Penn Station, Moynihan Train Hall, Port Authority, Broadway theaters, Restaurant Row, and multiple subway lines and bus routes.
Key Highlights
- 838‑square‑foot JR‑4 condominium residence with 2 full marble bathrooms
- Private balcony, walls of windows, and sunset views
- Open kitchen with stainless steel appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,219
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,380
$524.4K
Cap Rate 7%
$374,557
$374.6K
Cap Rate 9%
$291,322
$291.3K
Market Conditions
NOI Build-Up for 838 SF
Gross rent
$50.2K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$47.7K $56.89/SF
− OpEx
−$21.5K −$25.60/SF
NOI
$26.2K $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%
$524,380
Cap Rate 7%
$374,557
Cap Rate 9%
$291,322
Alternative Uses
Best Use
Apartment 5plus
$374.6K
$327.7K – $437.0K
NOI $26,219 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$585.9K
$512.6K – $683.5K
NOI $41,010 @ 7.0% cap · market cap 4.46%
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
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 - Midtown condominium residence with an open kitchen, hardwood floors, two marble bathrooms, and extensive building amenities.
Where is this residential income property located?
The property is located at 500 W 43rd Street 26-B Manhattan, NY.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: 838‑square‑foot JR‑4 condominium residence with 2 full marble bathrooms; Private balcony, walls of windows, and sunset views; Open kitchen with stainless steel appliances and granite countertops
