River-View Cooperative
For Sale
$550,000
Pending
570 Grand Street H1206, New York City, NY 10002
South- and east-facing one-bedroom residence with balcony, eat-in kitchen, and access to extensive cooperative amenities.
Property Size800 SF
Days on Market662
Property Features for 570 Grand Street H1206
General Information
Standard status
Pending
Size
800 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
fitness center
24-hour security
children's playroom
community rooms
private gated park/playground
courtyards
balcony
Building Details
Building Size
800 SF
Year Built
1955
Listing Agency:
Keller Williams NYC
Listed By:
Yuki Wen Shimura
(650) 382-9062
Source:
Thethomas
Added: Dec 16, 2024
Changed: Sep 30
Last Checked: Oct 7 at 5:55PM
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 Keller Williams NYC
Investment Insights
Based on property information with market context.
Located on the 12th floor of the East River Housing Cooperative, this south- and east-facing one-bedroom apartment features river and city views, including the Manhattan and Brooklyn bridges and Freedom Tower. A spacious entryway provides office space and opens through French doors to the living room, which connects to a balcony. The apartment also includes a large eat-in kitchen with ample cabinet space and a king-sized bedroom with dual exposures and recessed lighting.
The cooperative complex includes landscaped courtyards, a private gated park and playground, a fitness center, 24-hour security and lobby attendance, a children’s playroom, and community rooms. East River Park is one block away, with tennis courts, running tracks, and an amphitheater. The property is near the FDR, bus and subway service, and Citi Bike stations, with Trader Joe’s, Target, Doughnut Plant, and Kossar’s nearby.
The cooperative complex includes landscaped courtyards, a private gated park and playground, a fitness center, 24-hour security and lobby attendance, a children’s playroom, and community rooms. East River Park is one block away, with tennis courts, running tracks, and an amphitheater. The property is near the FDR, bus and subway service, and Citi Bike stations, with Trader Joe’s, Target, Doughnut Plant, and Kossar’s nearby.
Key Highlights
- 12th‑floor, south- and east‑facing one‑bedroom apartment
- Balcony with views of the East River, Manhattan and Brooklyn bridges, and Freedom Tower
- Large eat‑in kitchen with ample cabinet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,109
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,180
$502.2K
Cap Rate 7%
$358,700
$358.7K
Cap Rate 9%
$278,989
$279.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.3K −$2.81/SF
EGI
$45.7K $57.07/SF
− OpEx
−$20.5K −$25.68/SF
NOI
$25.1K $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%
$502,180
Cap Rate 7%
$358,700
Cap Rate 9%
$278,989
Alternative Uses
Best Use
Apartment 5plus
$358.7K
$313.9K – $418.5K
NOI $25,109 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 25.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - South- and east-facing one-bedroom residence with balcony, eat-in kitchen, and access to extensive cooperative amenities.
Where is this residential income property located?
The property is located at 570 Grand Street H1206 New York City, 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: 12th‑floor, south- and east‑facing one‑bedroom apartment; Balcony with views of the East River, Manhattan and Brooklyn bridges, and Freedom Tower; Large eat‑in kitchen with ample cabinet space
