One-Bedroom
New
For Sale
$800,000
55 WALL Street 816, New York City, NY 10005
The residence has one-and-a-half baths, an open kitchen, and an in-unit washer and dryer.
Property Size1,092 SF
Price / SF$732.60
Days on Market4
Property Features for 55 WALL Street 816
General Information
Standard status
Active
Size
1,092 SF
Property subtype
Apartment
Occupancy
100%
Financials
Gross Income
$74,400
Average Monthly Rent
$6,200
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$22,692
Amenities
24-hour doorman
fitness center
roof garden
storage
in-unit washer/dryer
Building Details
Building Size
1,092 SF
Year Built
1842
Construction
Beaux Arts
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Robert Falcone · License #10301204692
(917) 575-0329
Source:
Broadwayrealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:41PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This 1,092-square-foot apartment at Cipriani Club Residences has one bedroom, one-and-a-half bathrooms, 10-foot ceilings, and hardwood floors. Its open kitchen includes a dishwasher, range, full-size refrigerator and freezer, and microwave. Modern marble bathrooms and Bosch laundry appliances complete the unit. The residence is in a pet-friendly, full-service Beaux Arts building with a 24-hour doorman, fitness center, roof garden, and storage.
The apartment is rented through August 31, 2027, with vacant delivery also available. The building is near subway lines, the East River Esplanade, Financial District and Seaport restaurants, gyms, and shops, including Brookfield Place and Century 21. The unit is stated to be exempt from the current pied-à-terre tax.
The apartment is rented through August 31, 2027, with vacant delivery also available. The building is near subway lines, the East River Esplanade, Financial District and Seaport restaurants, gyms, and shops, including Brookfield Place and Century 21. The unit is stated to be exempt from the current pied-à-terre tax.
Key Highlights
- 1,092‑SF one‑bedroom layout with one‑and‑a‑half baths
- 10‑ft ceilings and hardwood floors
- Open kitchen with full‑size refrigerator and freezer, range, dishwasher, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,166
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,320
$683.3K
Cap Rate 7%
$488,086
$488.1K
Cap Rate 9%
$379,622
$379.6K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$65.4K $59.88/SF
− Vacancy
−$3.3K −$2.99/SF
EGI
$62.1K $56.89/SF
− OpEx
−$28.0K −$25.60/SF
NOI
$34.2K $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%
$683,320
Cap Rate 7%
$488,086
Cap Rate 9%
$379,622
Alternative Uses
Best Use
Apartment 5plus
$488.1K
$427.1K – $569.4K
NOI $34,166 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,270 @ 7.0% cap · market cap 23.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The residence has one-and-a-half baths, an open kitchen, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 55 WALL Street 816 New York City, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,092‑SF one‑bedroom layout with one‑and‑a‑half baths; 10‑ft ceilings and hardwood floors; Open kitchen with full‑size refrigerator and freezer, range, dishwasher, and microwave
