Triplex Residential Income
53 Murray Street 1, New York City, NY 10007
For Sale
$4,995,000
The tenant-occupied residence combines several living levels with a distinct live/work area and outdoor terrace.
Property Size5,355 SF
Price / SF$932.77
Days on Market138
Property Features for 53 Murray Street 1
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Compass
Listed By:
Neal Klotsmam · License NY #3351636
(646) 413-0794
Source:
Dallien
Added: Jun 25
Changed: Nov 7
Last Checked: Nov 9 at 1:03PM
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 Compass
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Investment Insights
Based on property information with market context.
This 5,355-square-foot triplex residence spans three levels and contains five bedrooms and four bathrooms. The entry level has a dining room, kitchen, and two bedroom suites. A lower level centers on a 1,000-square-foot great room with double-height ceilings, a wood-burning fireplace, and wet bar; the primary suite and its washer and dryer are also on this floor. The lowest level adds two bedrooms, a separate living room, a home office, and access to an outdoor terrace. The property is offered with a tenant in place.
Located at 53 Murray Street in New York City, the building dates to 1856. The multi-level layout includes both residential spaces and a separate area described for live/work use.
Located at 53 Murray Street in New York City, the building dates to 1856. The multi-level layout includes both residential spaces and a separate area described for live/work use.
Key Highlights
- 5,355‑square‑foot triplex with five bedrooms and four bathrooms
- 1,000‑square‑foot great room with double‑height ceilings and a wood‑burning fireplace
- Two additional bedrooms, separate living room, home office, and outdoor terrace on the lowest level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,543
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,350,860
$3.4M
Cap Rate 7%
$2,393,471
$2.4M
Cap Rate 9%
$1,861,589
$1.9M
Market Conditions
NOI Build-Up for 5,355 SF
Gross rent
$320.7K $59.88/SF
− Vacancy
−$16.0K −$2.99/SF
EGI
$304.6K $56.89/SF
− OpEx
−$137.1K −$25.60/SF
NOI
$167.5K $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%
$3,350,860
Cap Rate 7%
$2,393,471
Cap Rate 9%
$1,861,589
Alternative Uses
Best Use
Apartment 5plus
$2.39M
$2.09M – $2.79M
NOI $167,543 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.28M – $4.37M
NOI $262,066 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34,109
Businesses Nearby
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Business Placement
Demographics for 10007, NY
8,421
Population
3,711
Households
2.3
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
42,105
Density / Sq Mi
$250,001
Median Household Income
$150,470
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - The tenant-occupied residence combines several living levels with a distinct live/work area and outdoor terrace.
Where is this residential income property located?
The property is located at 53 Murray Street 1 New York City, NY.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 5,355‑square‑foot triplex with five bedrooms and four bathrooms; 1,000‑square‑foot great room with double‑height ceilings and a wood‑burning fireplace; Two additional bedrooms, separate living room, home office, and outdoor terrace on the lowest level
