Enclosed-Balcony One-Bedroom
For Sale
$550,000
570 Grand Street H604, New York City, NY 10002
A windowed kitchen, king-size bedroom, and flexible enclosed balcony add practical living space to this co-op apartment.
Property Size739 SF
Price / SF$744.25
Days on Market13
Property Features for 570 Grand Street H604
General Information
Standard status
Active
Size
739 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private enclosed balcony
24-hour attended lobbies
2 large private parks
children's playroom
community room
fitness center
access to neighboring Hillman co-op's park and playroom
Building Details
Building Size
739 SF
Year Built
1955
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Bondnyre
Added: Oct 11
Changed: Oct 21
Last Checked: Oct 21 at 3:05AM
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 739-square-foot, one-bedroom, one-bathroom co-op apartment features an enclosed balcony reached from the living room. Windows on two sides bring light into the balcony, which also has exposed brick and views of the Williamsburg Bridge, with glimpses of the East River. The living room has oversized windows and room for dining. Parquet flooring extends throughout, and the bedroom accommodates a king-size bed and additional furniture. The windowed kitchen includes red-and-white cabinetry, butcher block counters, tile backsplash, and stainless steel appliances. The bathroom has tile finishes, a bathtub with glass sliding doors, and a pedestal sink.
Co-op amenities include 24-hour attended lobbies, two private parks, a community room, a children’s playroom, and a fitness center. Access to a neighboring co-op’s park and playroom is also noted. Several bus routes stop outside the building, with additional service and J, M, and F subway stations within walking distance. Nearby retail and services include a supermarket, convenience store, dry cleaner, Trader Joe’s, Target, and Regal Cinemas. The building dates to 1955.
Co-op amenities include 24-hour attended lobbies, two private parks, a community room, a children’s playroom, and a fitness center. Access to a neighboring co-op’s park and playroom is also noted. Several bus routes stop outside the building, with additional service and J, M, and F subway stations within walking distance. Nearby retail and services include a supermarket, convenience store, dry cleaner, Trader Joe’s, Target, and Regal Cinemas. The building dates to 1955.
Key Highlights
- 739‑square‑foot, one‑bedroom, one‑bathroom co‑op apartment
- Enclosed balcony with exposed brick, Williamsburg Bridge views, and glimpses of the East River
- Windowed kitchen with stainless steel appliances and butcher block countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,194
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,880
$463.9K
Cap Rate 7%
$331,343
$331.3K
Cap Rate 9%
$257,711
$257.7K
Market Conditions
NOI Build-Up for 739 SF
Gross rent
$44.3K $59.88/SF
− Vacancy
−$2.1K −$2.81/SF
EGI
$42.2K $57.07/SF
− OpEx
−$19.0K −$25.68/SF
NOI
$23.2K $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%
$463,880
Cap Rate 7%
$331,343
Cap Rate 9%
$257,711
Alternative Uses
Best Use
Apartment 5plus
$331.3K
$289.9K – $386.6K
NOI $23,194 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,763 @ 7.0% cap · market cap 23.41%
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
Frequently Asked Questions
What type of property is this?
Residential income property - A windowed kitchen, king-size bedroom, and flexible enclosed balcony add practical living space to this co-op apartment.
Where is this residential income property located?
The property is located at 570 Grand Street H604 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: 739‑square‑foot, one‑bedroom, one‑bathroom co‑op apartment; Enclosed balcony with exposed brick, Williamsburg Bridge views, and glimpses of the East River; Windowed kitchen with stainless steel appliances and butcher block countertops
