Residential Income Property with
For Sale
$1,500,000
70 Little West Street 5-K, New York City, NY 10004
Two-bedroom condominium residence with custom finishes, integrated appliances, and a flexible den configured for dining.
Property Size1,356 SF
Price / SF$1,106
Days on Market67
Property Features for 70 Little West Street 5-K
General Information
Standard status
Active
Size
1,356 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$27,804
Amenities
landscaped roof garden
BBQ grills
pool
steam room
sauna
fitness center
aerobics room
resident's lounge
children's playroom
maid services
valet services
concierge services
24-hour on-site parking
Building Details
Building Size
1,356 SF
Year Built
2008
Listing Agency:
R New York
(212) 688-1000
Listed By:
Morris Saadiyayev
(212) 688-1000
Source:
Broadwayrealty
Added: Jun 5
Changed: Aug 10
Last Checked: Aug 10 at 9:20AM
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 R New York
Investment Insights
Based on property information with market context.
Located at 70 Little West Street 5-K in New York City, this 1,356-square-foot condominium residence offers two bedrooms, two bathrooms, and a den currently arranged as a dining area. The interior features oak flooring, 11-foot ceilings, floor-to-ceiling windows, motorized shades, and an open kitchen with Sub-Zero, Wolf, and Miele appliances. A granite island, bamboo cabinetry, pantry storage, custom bar, and dual-zone wine refrigerator support entertaining. The primary suite includes California closets and a limestone-finished bathroom with dual vanity, Waterworks fixtures, soaking tub, and oversized shower. The second bedroom includes custom closets and can function as a nursery, office, or guest room. A Bosch washer and dryer are also included.
Building amenities include a landscaped roof garden with two BBQ grills, a 50-foot skylit pool, steam room, sauna, fitness center, aerobics room, resident lounge, children's playroom, concierge, valet services, maid services, and 24-hour on-site parking. The property is near parks, the esplanade, Wall Street, Brookfield Place, The Oculus, dining, retail, and multiple subway, ferry, and PATH connections. The building was completed in 2008.
Building amenities include a landscaped roof garden with two BBQ grills, a 50-foot skylit pool, steam room, sauna, fitness center, aerobics room, resident lounge, children's playroom, concierge, valet services, maid services, and 24-hour on-site parking. The property is near parks, the esplanade, Wall Street, Brookfield Place, The Oculus, dining, retail, and multiple subway, ferry, and PATH connections. The building was completed in 2008.
Key Highlights
- 1,356 SF residence with 2 bedrooms, 2 bathrooms, and a den
- 11‑foot ceilings and floor‑to‑ceiling windows provide an expansive living environment
- Kitchen includes Sub‑Zero, Wolf, and Miele appliances plus dual‑zone wine storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,426
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,520
$848.5K
Cap Rate 7%
$606,086
$606.1K
Cap Rate 9%
$471,400
$471.4K
Market Conditions
NOI Build-Up for 1,356 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.2K $59.88/SF
− Vacancy
−$4.1K −$2.99/SF
EGI
$77.1K $56.89/SF
− OpEx
−$34.7K −$25.60/SF
NOI
$42.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,520
Cap Rate 7%
$606,086
Cap Rate 9%
$471,400
Alternative Uses
Best Use
Apartment 5plus
$606.1K
$530.3K – $707.1K
NOI $42,426 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.38M
$2.95M – $3.94M
NOI $236,269 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
29,953
Businesses Nearby
Explore this area
Business Placement
Demographics for 10004, NY
4,287
Population
2,146
Households
2
Avg Household Size
35
Median Age
91%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
8,574
Density / Sq Mi
$220,592
Median Household Income
$136,348
Median Earnings
$3,501
Median Rent
$1,866,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium residence with custom finishes, integrated appliances, and a flexible den configured for dining.
Where is this residential income property located?
The property is located at 70 Little West Street 5-K New York City, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1,356 SF residence with 2 bedrooms, 2 bathrooms, and a den; 11‑foot ceilings and floor‑to‑ceiling windows provide an expansive living environment; Kitchen includes Sub‑Zero, Wolf, and Miele appliances plus dual‑zone wine storage
