Pre-War Co-op
New
For Sale
$585,000
504 Grand Street E25, New York City, NY 10002
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 Market7
Property Features for 504 Grand Street E25
General Information
Standard status
Active
Size
610 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private landscaped courtyards
laundry facilities
gym
community room
bicycle storage
live-in super
on-site maintenance staff
hardwood floors
Building Details
Building Size
610 SF
Year Built
1929
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Bondnyre
Added: Sep 25
Changed: Sep 28
Last Checked: Sep 30 at 5:36PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,146
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 New York City, 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
