One-Bedroom Residential Income
550 Grand Street JGC, Manhattan, NY 10002
For Sale
$550,000
One-bedroom residence with a renovated bathroom and separate windowed kitchen.
Property Size750 SF
Price / SF$733.33
Days on Market344
Property Features for 550 Grand Street JGC
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
fitness center
modern laundry facilities
bike storage
cold storage
children's playroom
community garden
composting
on-site super and maintenance staff
two private parks and playgrounds
on-site parking garage
Building Details
Building Size
Year Built
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Tricialee
Added: Dec 1, 2025
Changed: Nov 8
Last Checked: Nov 8 at 12:23PM
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 LoHo Realty Inc
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Investment Insights
Based on property information with market context.
This one-bedroom residential income property offers approximately 750 square feet with a defined entry foyer, living room sized for sitting and dining, and a separate windowed kitchen. The kitchen includes wood cabinetry, quartz countertops, stainless-steel appliances, and a dishwasher. The renovated bathroom has a new vanity and sink, new toilet, mirrored medicine cabinet, and recessed tub-surround shelving. The bedroom includes two walk-in closets and space for a home office. Beamed ceilings, wood-plank flooring, updated lighting and hardware, and updated baseboards extend throughout the residence.
Located within Hillman Housing Corporation’s Co-op Village community, the building provides a fitness center, laundry facilities, bike storage, cold storage, children’s playroom, community garden, composting, and on-site maintenance staff. Residents also have access to two private parks and playgrounds. The property is near Essex Crossing, East River Park, Corlears Hook Park, the NYC Ferry terminal, and multiple MTA bus and subway connections. Co-purchasing, gifting, guarantors, parent purchases, pied-a-terre use, and subletting after two years are permitted under the stated co-op policies.
Located within Hillman Housing Corporation’s Co-op Village community, the building provides a fitness center, laundry facilities, bike storage, cold storage, children’s playroom, community garden, composting, and on-site maintenance staff. Residents also have access to two private parks and playgrounds. The property is near Essex Crossing, East River Park, Corlears Hook Park, the NYC Ferry terminal, and multiple MTA bus and subway connections. Co-purchasing, gifting, guarantors, parent purchases, pied-a-terre use, and subletting after two years are permitted under the stated co-op policies.
Key Highlights
- Approximately 750 SF one‑bedroom layout with a defined foyer, living room, and separate kitchen
- Windowed kitchen with wood cabinetry, quartz counters, stainless‑steel appliances, and dishwasher
- Renovated bathroom with new fixtures, mirrored medicine cabinet, and recessed tub‑surround shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,540
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,800
$470.8K
Cap Rate 7%
$336,286
$336.3K
Cap Rate 9%
$261,556
$261.6K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$44.9K $59.88/SF
− Vacancy
−$2.1K −$2.81/SF
EGI
$42.8K $57.07/SF
− OpEx
−$19.3K −$25.68/SF
NOI
$23.5K $31.39/SF
Area
ZIP 10002
Vacancy
4.70%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,800
Cap Rate 7%
$336,286
Cap Rate 9%
$261,556
Alternative Uses
Best Use
Apartment 5plus
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with a renovated bathroom and separate windowed kitchen.
Where is this residential income property located?
The property is located at 550 Grand Street JGC Manhattan, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 750 SF one‑bedroom layout with a defined foyer, living room, and separate kitchen; Windowed kitchen with wood cabinetry, quartz counters, stainless‑steel appliances, and dishwasher; Renovated bathroom with new fixtures, mirrored medicine cabinet, and recessed tub‑surround shelving
