Residential Income Property with Private
For Sale
$605,000
570 Grand Street H1007, New York City, NY 10002
Bright one-bedroom co-op with a private balcony, triple-width picture windows, and four closets including two walk-ins.
Property Size800 SF
Price / SF$756.25
Days on Market205
Property Features for 570 Grand Street H1007
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
HOA Fee
$144
Public Transit
Yes
Amenities
balcony
24-hour attended lobbies
private parks
children's playroom
community room
fitness center
Building Details
Building Size
800 SF
Year Built
1955
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Thethomas
Added: Apr 14
Changed: Sep 7
Last Checked: Nov 3 at 11:19AM
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.
Bright one-bedroom co-op offers a spacious living room with triple-width picture windows that bring in natural light. An entry foyer off to the side can serve as a dining alcove or work-from-home corner. The private balcony overlooks landscaped front gardens, and the king-size bedroom shares the same leafy outlook with east- and south-facing light.
A windowed, eat-in kitchen and a windowed bath support bright, comfortable everyday routines. Hardwood parquet floors run throughout, and storage is generous with four large closets, including two true walk-ins.
The co-op was built in 1955 and is served by a suite of amenities including 24-hour attended lobbies, two large private parks, a children’s playroom, a community room, and a fully equipped fitness center. Subleasing is permitted after 2 years of ownership. Dogs are not permitted. Transportation includes buses M14A, M14D, M21 and M22, and subway service via J, M, F, and Z, with Citibike stations nearby.
A windowed, eat-in kitchen and a windowed bath support bright, comfortable everyday routines. Hardwood parquet floors run throughout, and storage is generous with four large closets, including two true walk-ins.
The co-op was built in 1955 and is served by a suite of amenities including 24-hour attended lobbies, two large private parks, a children’s playroom, a community room, and a fully equipped fitness center. Subleasing is permitted after 2 years of ownership. Dogs are not permitted. Transportation includes buses M14A, M14D, M21 and M22, and subway service via J, M, F, and Z, with Citibike stations nearby.
Key Highlights
- Private balcony with garden views
- Triple‑width picture windows in the living room
- Four large closets including two true walk‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,109
Cap Rate
4.15%
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 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 23.04%
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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Frequently Asked Questions
What type of property is this?
Residential income property - Bright one-bedroom co-op with a private balcony, triple-width picture windows, and four closets including two walk-ins.
Where is this residential income property located?
The property is located at 570 Grand Street H1007 New York City, NY.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Private balcony with garden views; Triple‑width picture windows in the living room; Four large closets including two true walk‑ins
