Three-Bedroom Residential Income
For Sale
$1,250,000
55 WALL Street 520, New York City, NY 10005
Historic Wall Street residence with expansive entertaining space, private bedroom suites, and flexible short-term rental potential.
Property Size2,038 SF
Days on Market134
Property Features for 55 WALL Street 520
General Information
Standard status
Active
Size
2,038 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/3.5BA
Multifamily Units
1
Amenities
24-hour staff
concierge
porter service
live-in resident manager
bi-level fitness center
landscaped roof deck
in-unit washer/dryer
soundproof windows
solar/blackout shades
wide plank mahogany hardwood floors
Building Details
Building Size
2,038 SF
Year Built
1842
Listing Agency:
Corcoran Group
(917) 498-0300
Listed By:
Jennie Ma · License #30MA0993477 (NY)
(917) 498-0300
Source:
Tricialee
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 10 at 9:30AM
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
Investment Insights
Based on property information with market context.
This residential income property is a three-bedroom, three-and-a-half-bath residence spanning over 2,000 square feet. The layout includes a formal entry, a broad open living and entertaining area, an island kitchen, three bedrooms with ensuite limestone bathrooms, generous closets, and a separate dressing area within the primary suite. In-unit laundry, soundproof windows, solar and blackout shades, and wide-plank mahogany flooring are among the finished interior features. The home has north and south exposures, views toward Exchange Place and the building courtyard, and no adjoining unit on any side.
The residence is located at 55 Wall Street in New York City, within a building recognized as an Historic Landmark and built in 1842. Building services include 24-hour staff, concierge and porter service, a live-in resident manager, a bi-level fitness center, and a landscaped roof deck. A liberal sublet policy permits short-term rental use with a 30-day minimum, supporting use as a pied-à-terre, vacation home, or rental property.
The residence is located at 55 Wall Street in New York City, within a building recognized as an Historic Landmark and built in 1842. Building services include 24-hour staff, concierge and porter service, a live-in resident manager, a bi-level fitness center, and a landscaped roof deck. A liberal sublet policy permits short-term rental use with a 30-day minimum, supporting use as a pied-à-terre, vacation home, or rental property.
Key Highlights
- Three‑bedroom, three‑and‑a‑half‑bath residence exceeding 2,000 square feet
- Located in 55 Wall Street, an Historic Landmark building built in 1842
- Three ensuite limestone bathrooms plus a primary‑suite dressing area
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
$63,764
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
5.10%
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%
$1,275,280
$1.3M
Cap Rate 7%
$910,914
$910.9K
Cap Rate 9%
$708,489
$708.5K
Market Conditions
NOI Build-Up for 2,038 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
$122.0K $59.88/SF
− Vacancy
−$6.1K −$2.99/SF
EGI
$115.9K $56.89/SF
− OpEx
−$52.2K −$25.60/SF
NOI
$63.8K $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 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%
$1,275,280
Cap Rate 7%
$910,914
Cap Rate 9%
$708,489
Alternative Uses
Best Use
Apartment 5plus
$910.9K
$797.1K – $1.06M
NOI $63,764 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.07M
$4.44M – $5.92M
NOI $355,101 @ 7.0% cap · market cap 28.41%
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
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Historic Wall Street residence with expansive entertaining space, private bedroom suites, and flexible short-term rental potential.
Where is this residential income property 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 $1,250,000.
What are key features of this property?
This property features: Three‑bedroom, three‑and‑a‑half‑bath residence exceeding 2,000 square feet; Located in 55 Wall Street, an Historic Landmark building built in 1842; Three ensuite limestone bathrooms plus a primary‑suite dressing area
