Residential Income Property with
552 W 43rd Street 3A, Manhattan, NY 10036
For Sale
$1,250,000
Two-bedroom condominium residence with private storage, central air, and an open living, dining, and kitchen layout.
Property Size1,190 SF
Price / SF$1,050
Days on Market56
Property Features for 552 W 43rd Street 3A
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
central air conditioning
video intercom system
private storage room
remote doorman
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Callan Bergmann · License #10401351783
(716) 560-6944
Source:
Nobleblackandpartners
Added: Sep 13
Changed: Nov 5
Last Checked: Nov 6 at 6:46PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,190-square-foot residential income property is a two-bedroom, two-bath condominium residence in a low-rise building completed in 1920. The floor plan centers on an open living, dining, and kitchen area with an island, stainless steel appliances, and a wine fridge. The primary bedroom includes an en-suite bath, while the second bedroom can serve as a guest room, office, or creative area. Tall ceilings, southern and western exposures, and quadruple-paned CitiQuiet windows bring natural light into the home. Additional features include in-unit laundry, central air conditioning, video intercom, and elevator access directly into the residence foyer. A private storage room providing nearly 400 cubic feet is included.
Key Highlights
- 1,190 SF two‑bedroom, two‑bath condominium residence
- Private storage room offering nearly 400 cubic feet
- Open living, dining, and kitchen area with island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,232
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,640
$744.6K
Cap Rate 7%
$531,886
$531.9K
Cap Rate 9%
$413,689
$413.7K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$71.3K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$67.7K $56.89/SF
− OpEx
−$30.5K −$25.60/SF
NOI
$37.2K $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%
$744,640
Cap Rate 7%
$531,886
Cap Rate 9%
$413,689
Alternative Uses
Best Use
Apartment 5plus
$531.9K
$465.4K – $620.5K
NOI $37,232 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,346 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
28,271
Businesses Nearby
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Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
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Market
Average Price Trend$/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 - Two-bedroom condominium residence with private storage, central air, and an open living, dining, and kitchen layout.
Where is this residential income property located?
The property is located at 552 W 43rd Street 3A Manhattan, 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: 1,190 SF two‑bedroom, two‑bath condominium residence; Private storage room offering nearly 400 cubic feet; Open living, dining, and kitchen area with island
