Furnished One-Bedroom
For Sale
$685,000
55 Wall Street 632, New York City, NY 10005
Open kitchen, stainless steel appliances, and a Bosch stacked washer and dryer support everyday residential use.
Property Size782 SF
Price / SF$875.96
Days on Market481
Property Features for 55 Wall Street 632
General Information
Standard status
Active
Size
782 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$17,952
Amenities
24-hr doorman concierge
fitness center
landscaped roof deck
Building Details
Building Size
782 SF
Year Built
1842
Listing Agency:
Carini Group LLC
(917) 833-4388
Listed By:
ALEX CARINI
(917) 833-4388
Source:
Broadwayrealty
Added: May 2, 2025
Changed: Aug 23
Last Checked: Aug 24 at 2:19PM
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 Carini Group LLC
Investment Insights
Based on property information with market context.
This furnished one-bedroom apartment at 55 Wall Street features mahogany flooring, an open kitchen with stainless steel appliances, and 10-foot ceilings. A Bosch stacked washer and dryer and deep soaking tub add practical in-home amenities. The residence is located in New York City’s Financial District within a building constructed in 1842.
Building services include a 24-hour doorman and concierge, along with access to a fitness center and landscaped roof deck. The combination of furnished accommodations, historic building character, and full-service amenities supports residential income use in a central Manhattan setting.
Building services include a 24-hour doorman and concierge, along with access to a fitness center and landscaped roof deck. The combination of furnished accommodations, historic building character, and full-service amenities supports residential income use in a central Manhattan setting.
Key Highlights
- Furnished one‑bedroom apartment at 55 Wall Street 632, New York City, NY 10005
- Mahogany wood floors and 10 feet ceilings
- Open kitchen with stainless steel appliances
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
$24,467
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
3.57%
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%
$489,340
$489.3K
Cap Rate 7%
$349,529
$349.5K
Cap Rate 9%
$271,856
$271.9K
Market Conditions
NOI Build-Up for 782 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
$46.8K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$44.5K $56.89/SF
− OpEx
−$20.0K −$25.60/SF
NOI
$24.5K $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 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%
$489,340
Cap Rate 7%
$349,529
Cap Rate 9%
$271,856
Alternative Uses
Best Use
Apartment 5plus
$349.5K
$305.8K – $407.8K
NOI $24,467 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,256 @ 7.0% cap · market cap 19.89%
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open kitchen, stainless steel appliances, and a Bosch stacked washer and dryer support everyday residential use.
Where is this residential income property located?
The property is located at 55 Wall Street 632 New York City, NY.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Furnished one‑bedroom apartment at 55 Wall Street 632, New York City, NY 10005; Mahogany wood floors and 10 feet ceilings; Open kitchen with stainless steel appliances
