Live-Work Condominium in Landmark
55 WALL Street 520, New York City, NY 10005
For Sale
$1,150,000
Three-bedroom, three-and-a-half-bath residence with in-unit washer/dryer and full-time doorman/24-hour concierge service.
Property Size2,038 SF
Price / SF$564.28
Days on Market191
Property Features for 55 WALL Street 520
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
doorman
concierge
fitness center
resident lounge
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Jennie Ma · License NY 30MA0993477
(917) 498-0300
Source:
Thethomas
Added: May 8
Changed: Nov 8
Last Checked: Nov 12 at 3:00PM
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 Corcoran Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Residence 530 at Cipriani Residences offers a flexible live-work layout within an iconic landmark building. The condominium features three bedrooms and three and a half bathrooms, with high ceilings and large living and dining areas suited to both personal and professional use. The chef’s kitchen includes custom cabinetry, premium appliances, generous counter space, and a statement island. Each bedroom has an en-suite bathroom, and there is also a powder room. For convenience, the unit includes an in-unit washer and dryer.
Located at 55 Wall Street in Downtown Manhattan’s Financial District, the residence is described as the last grandfathered-in commercial space, providing commercial flexibility alongside residential living. The building is presented as full-service, with a full-time doorman, 24-hour concierge, fitness center, and resident lounge. The offering also notes proximity to transportation and waterfront access.
This is presented for sale as a condominium within a restored landmark building, with the stated flexibility to be used as a primary residence, professional office, or a seamless live/work environment.
Located at 55 Wall Street in Downtown Manhattan’s Financial District, the residence is described as the last grandfathered-in commercial space, providing commercial flexibility alongside residential living. The building is presented as full-service, with a full-time doorman, 24-hour concierge, fitness center, and resident lounge. The offering also notes proximity to transportation and waterfront access.
This is presented for sale as a condominium within a restored landmark building, with the stated flexibility to be used as a primary residence, professional office, or a seamless live/work environment.
Key Highlights
- 3‑bedroom, 3.5‑bath condominium at Cipriani Residences, 55 Wall Street
- Includes in‑unit washer/dryer and a full‑time doorman plus 24‑hour concierge service
- Each bedroom has an en‑suite bathroom, plus an additional powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,961
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,220
$1.3M
Cap Rate 7%
$928,014
$928.0K
Cap Rate 9%
$721,789
$721.8K
Market Conditions
NOI Build-Up for 2,038 SF
Gross rent
$122.3K $60.00/SF
− Vacancy
−$18.3K −$9.00/SF
EGI
$103.9K $51.00/SF
− OpEx
−$39.0K −$19.13/SF
NOI
$65.0K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,220
Cap Rate 7%
$928,014
Cap Rate 9%
$721,789
Alternative Uses
Best Use
Mixed Use
$928.0K
$812.0K – $1.08M
NOI $64,961 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$911.6K
$797.7K – $1.06M
NOI $63,815 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,737 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 10005, NY
10,639
Population
6,495
Households
1.6
Avg Household Size
31
Median Age
84%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
106,390
Density / Sq Mi
$211,810
Median Household Income
$133,727
Median Earnings
$3,501
Median Rent
$1,387,200
Median Home Value
Market
Average Price Trend$/SF for Live-work space in New York County, NY
Properties on Market for Live-work space in New York County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Three-bedroom, three-and-a-half-bath residence with in-unit washer/dryer and full-time doorman/24-hour concierge service.
Where is this live-work space located?
The property is located at 55 WALL Street 520 New York City, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3‑bedroom, 3.5‑bath condominium at Cipriani Residences, 55 Wall Street; Includes in‑unit washer/dryer and a full‑time doorman plus 24‑hour concierge service; Each bedroom has an en‑suite bathroom, plus an additional powder room
