Pre-War Co-op
504 Grand Street E25, Manhattan, NY 10002
For Sale
$585,000
A one-bedroom residence pairs a flexible floor plan with access to shared courtyards, a gym, and community facilities.
Property Size610 SF
Price / SF$959.02
Days on Market44
Property Features for 504 Grand Street E25
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
private landscaped courtyards
laundry facilities
gym
community room
bicycle storage
live-in super
on-site maintenance staff
hardwood floors
Building Details
Building Size
Year Built
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Bondnyre
Added: Sep 25
Changed: Nov 7
Last Checked: Nov 6 at 3:54PM
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 LoHo Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 610-square-foot, one-bedroom co-op residence is in a building constructed in 1929. A broad entry hall opens to a large living room with hardwood flooring and room for dining or a workspace. The eat-in kitchen and bathroom both have windows; the bedroom has two exposures. The bathroom includes subway tile, a pedestal sink, and a glass-enclosed shower.
Building amenities include landscaped courtyards, laundry facilities, a gym, community room, and bicycle storage. A live-in superintendent and on-site maintenance staff serve the property. Gifting, guarantors, and pied-à-terre use are permitted; subleasing is allowed after two years of ownership, subject to the stated conditions.
The Lower East Side setting is near East River Park, Essex Market, Luther Gulic Park, neighborhood shops, and dining. Bus routes M14A, M14D, M21, and M22 and J, M, F, and Z trains serve the area.
Building amenities include landscaped courtyards, laundry facilities, a gym, community room, and bicycle storage. A live-in superintendent and on-site maintenance staff serve the property. Gifting, guarantors, and pied-à-terre use are permitted; subleasing is allowed after two years of ownership, subject to the stated conditions.
The Lower East Side setting is near East River Park, Essex Market, Luther Gulic Park, neighborhood shops, and dining. Bus routes M14A, M14D, M21, and M22 and J, M, F, and Z trains serve the area.
Key Highlights
- 610‑square‑foot, one‑bedroom co‑op residence
- Built in 1929
- Living room with hardwood floors; eat‑in kitchen and bathroom have windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,146
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,920
$382.9K
Cap Rate 7%
$273,514
$273.5K
Cap Rate 9%
$212,733
$212.7K
Market Conditions
NOI Build-Up for 610 SF
Gross rent
$36.5K $59.88/SF
− Vacancy
−$1.7K −$2.81/SF
EGI
$34.8K $57.07/SF
− OpEx
−$15.7K −$25.68/SF
NOI
$19.1K $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%
$382,920
Cap Rate 7%
$273,514
Cap Rate 9%
$212,733
Alternative Uses
Best Use
Apartment 5plus
$273.5K
$239.3K – $319.1K
NOI $19,146 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,286 @ 7.0% cap · market cap 18.17%
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
8,545
Businesses Nearby
Explore this area
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
$808,500
Median Home Value
Market
Average Price Trend$/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 - A one-bedroom residence pairs a flexible floor plan with access to shared courtyards, a gym, and community facilities.
Where is this residential income property located?
The property is located at 504 Grand Street E25 Manhattan, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 610‑square‑foot, one‑bedroom co‑op residence; Built in 1929; Living room with hardwood floors; eat‑in kitchen and bathroom have windows
