Two-Bedroom Residential Income
For Sale
$1,595,000
59 John Street 3F, New York City, NY 10038
A separate home office, in-unit laundry, and full-service building amenities complement the two-bedroom residence.
Property Size1,757 SF
Price / SF$907.80
Days on Market15
Property Features for 59 John Street 3F
General Information
Standard status
Active
Size
1,757 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$27,264
Amenities
24-hour doorman
fitness center
landscaped roof deck
Building Details
Building Size
1,757 SF
Year Built
1909
Listing Agency:
Compass
Listed By:
Maria A Goretti
(917) 561-2514
Source:
Broadwayrealty
Added: Sep 24
Changed: Oct 6
Last Checked: Oct 7 at 3:07PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,757-square-foot residence includes two bedrooms, a dedicated office, two full baths, and a powder room. Eleven-foot beamed ceilings and oversized windows define the interior, with hardwood floors throughout. The open kitchen features stone counters, stainless steel appliances, and ample cabinetry beside the living and dining area. The primary bedroom has an en-suite bathroom with a soaking tub; the unit also includes a washer and dryer.
The condominium building was converted in 2007 and dates to 1909. Its amenities include a 24-hour doorman, fitness center, and landscaped roof deck. The property is on John Street in Lower Manhattan, near the Seaport, Wall Street, and Brookfield Place. Restaurants, shops, waterfront access, and multiple subway lines are also nearby.
The condominium building was converted in 2007 and dates to 1909. Its amenities include a 24-hour doorman, fitness center, and landscaped roof deck. The property is on John Street in Lower Manhattan, near the Seaport, Wall Street, and Brookfield Place. Restaurants, shops, waterfront access, and multiple subway lines are also nearby.
Key Highlights
- 1,757‑square‑foot residence with two bedrooms and a dedicated office
- Eleven‑foot beamed ceilings and oversized windows
- Open kitchen with stone counters, stainless steel appliances, and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,972
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,440
$1.1M
Cap Rate 7%
$785,314
$785.3K
Cap Rate 9%
$610,800
$610.8K
Market Conditions
NOI Build-Up for 1,757 SF
Gross rent
$105.2K $59.88/SF
− Vacancy
−$5.3K −$2.99/SF
EGI
$99.9K $56.89/SF
− OpEx
−$45.0K −$25.60/SF
NOI
$55.0K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,440
Cap Rate 7%
$785,314
Cap Rate 9%
$610,800
Alternative Uses
Best Use
Apartment 5plus
$785.3K
$687.2K – $916.2K
NOI $54,972 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.37M
$3.83M – $5.10M
NOI $306,140 @ 7.0% cap · market cap 19.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
38,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A separate home office, in-unit laundry, and full-service building amenities complement the two-bedroom residence.
Where is this residential income property located?
The property is located at 59 John Street 3F New York City, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 1,757‑square‑foot residence with two bedrooms and a dedicated office; Eleven‑foot beamed ceilings and oversized windows; Open kitchen with stone counters, stainless steel appliances, and ample cabinetry
