Residential Income Property with
572 Grand Street G503, Manhattan, NY 10002
For Sale
New
$549,000
An 800-square-foot co-op combines a private outdoor space with a renovated kitchen and bath.
Property Size800 SF
Price / SF$686.25
Days on Market5
Property Features for 572 Grand Street G503
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
private balcony
24-hour attended lobby
private parks
children's playroom
community room
fitness center
Building Details
Building Size
Year Built
Listing Agency:
LoHo Realty Inc
Listed By:
Jacob J Goldman
(212) 388-1115
Source:
Thethomas
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 2:04PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom co-op offers 800 square feet, a private balcony, and original parquet floors. Four living-room windows face east and south, with views toward the co-op’s two private parks and seasonal glimpses of the East River. The renovated kitchen and bathroom both have windows; the kitchen includes metal countertops, a double sink with pot filler, and a Rangemaster range hood. A pass-through window connects the kitchen and balcony. The bedroom has two large closets, including a walk-in, and three additional closets provide storage elsewhere in the home.
Building amenities include attended lobbies around the clock, a fitness center, community room, children’s playroom, and two private parks. Bus routes M14A, M14D, M21, and M22, along with the J, M, F, and Z trains, serve the area. Subletting is allowed after two years of ownership; gifting, guarantors, and pied-à-terre use are permitted. Dogs are not allowed.
Building amenities include attended lobbies around the clock, a fitness center, community room, children’s playroom, and two private parks. Bus routes M14A, M14D, M21, and M22, along with the J, M, F, and Z trains, serve the area. Subletting is allowed after two years of ownership; gifting, guarantors, and pied-à-terre use are permitted. Dogs are not allowed.
Key Highlights
- 800‑square‑foot, one‑bedroom co‑op with a private balcony
- Renovated, windowed kitchen with metal countertops, double sink, pot filler, and Rangemaster range hood
- Four living‑room windows with east and south exposures
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
Office A
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 7.13%
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
$808,500
Median Home Value
Market
Average Price Trend$/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 - An 800-square-foot co-op combines a private outdoor space with a renovated kitchen and bath.
Where is this residential income property located?
The property is located at 572 Grand Street G503 Manhattan, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 800‑square‑foot, one‑bedroom co‑op with a private balcony; Renovated, windowed kitchen with metal countertops, double sink, pot filler, and Rangemaster range hood; Four living‑room windows with east and south exposures
