Three-Bedroom Co-op
570 Grand Street H1405, Manhattan, NY 10002
For Sale
$999,000
East- and west-facing windows bring natural light into a flexible layout with a windowed kitchen and generous closet storage.
Property Size1,250 SF
Price / SF$799.20
Days on Market307
Property Features for 570 Grand Street H1405
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
24-hour attended lobbies
2 large private parks
children's playroom
community room
fully equipped fitness center
Building Details
Building Size
Year Built
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Blackandwhiteresidential
Added: Jan 7
Changed: Nov 8
Last Checked: Nov 9 at 6:49AM
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 high-floor co-op apartment offers three bedrooms and one and a half baths across approximately 1,250 square feet. East- and west-facing exposures bring light from both sides, while the windowed kitchen can connect to the living room if the dividing wall is removed. The primary bedroom has an en-suite half bath; a separate windowed full bath includes a bathtub. Seven closets, including two walk-ins, and original hardwood parquet flooring add useful storage and character.
Residents have access to two private parks, attended lobbies, a fitness center, a community room, and a children's playroom. Nearby services include a supermarket, convenience store, and dry cleaner, with Trader Joe's, Target, and Regal Cinemas also within walking distance. M14A, M21, and M22 buses stop outside the building; the M14D and J, M, and F trains are also within walking distance.
Residents have access to two private parks, attended lobbies, a fitness center, a community room, and a children's playroom. Nearby services include a supermarket, convenience store, and dry cleaner, with Trader Joe's, Target, and Regal Cinemas also within walking distance. M14A, M21, and M22 buses stop outside the building; the M14D and J, M, and F trains are also within walking distance.
Key Highlights
- Three‑bedroom, 1.5‑bath co‑op apartment on a high floor
- Approximately 1,250 square feet with east- and west‑facing exposures
- Seven closets, including two walk‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,233
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,660
$784.7K
Cap Rate 7%
$560,471
$560.5K
Cap Rate 9%
$435,922
$435.9K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$74.9K $59.88/SF
− Vacancy
−$3.5K −$2.81/SF
EGI
$71.3K $57.07/SF
− OpEx
−$32.1K −$25.68/SF
NOI
$39.2K $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%
$784,660
Cap Rate 7%
$560,471
Cap Rate 9%
$435,922
Alternative Uses
Best Use
Apartment 5plus
$560.5K
$490.4K – $653.9K
NOI $39,233 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$873.9K
$764.7K – $1.02M
NOI $61,173 @ 7.0% cap · market cap 6.12%
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
6,171
Businesses Nearby
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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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Market
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Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - East- and west-facing windows bring natural light into a flexible layout with a windowed kitchen and generous closet storage.
Where is this residential income property located?
The property is located at 570 Grand Street H1405 Manhattan, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑bedroom, 1.5‑bath co‑op apartment on a high floor; Approximately 1,250 square feet with east- and west‑facing exposures; Seven closets, including two walk‑ins
