Residential Income Property with Rooftop
90 William Street 16E, Manhattan, NY 10038
For Sale
$645,000
Condo residence with flexible living space, building services, and amenities supporting personal use or rental occupancy.
Property Size640 SF
Days on Market62
Property Features for 90 William Street 16E
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Adam Berke
(415) 218-0151
Source:
Tricialee
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 1:13PM
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
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Investment Insights
Based on property information with market context.
This residential income property is a condominium residence with wood flooring, high ceilings, oversized windows, and two closets. The flexible layout can accommodate an office, living area, dedicated work station, dining table, and sleeping area. Interior finishes include quartz kitchen countertops, stainless steel appliances, subway tile, slate flooring, and Kohler and Watermark bathroom fixtures. Pets are welcome, and the residence may be occupied by the owner or rented.
Building services include a 24-hour concierge and doorman, a superintendent who lives on-site, and a laundry room. Residents also have access to a rooftop terrace with an outdoor kitchen, fireplace, grills, and lounge area. The property is in the Financial District near South Street Seaport, Oculus, Westfield at World Trade Center, Brookfield Place, the Fulton Street subway hub, city parks, grocery stores, and shopping and dining options. The building was constructed in 1967.
Building services include a 24-hour concierge and doorman, a superintendent who lives on-site, and a laundry room. Residents also have access to a rooftop terrace with an outdoor kitchen, fireplace, grills, and lounge area. The property is in the Financial District near South Street Seaport, Oculus, Westfield at World Trade Center, Brookfield Place, the Fulton Street subway hub, city parks, grocery stores, and shopping and dining options. The building was constructed in 1967.
Key Highlights
- Flexible condo layout with space for an office, work station, dining table, living area, and sleeping area
- Rooftop terrace with outdoor kitchen, fireplace, grills, and lounge area
- 24‑hour concierge and doorman service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,024
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,480
$400.5K
Cap Rate 7%
$286,057
$286.1K
Cap Rate 9%
$222,489
$222.5K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$38.3K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$36.4K $56.89/SF
− OpEx
−$16.4K −$25.60/SF
NOI
$20.0K $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%
$400,480
Cap Rate 7%
$286,057
Cap Rate 9%
$222,489
Alternative Uses
Best Use
Apartment 5plus
$286.1K
$250.3K – $333.7K
NOI $20,024 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.4K
$391.5K – $522.0K
NOI $31,321 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
33,222
Businesses Nearby
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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
$865,700
Median Home Value
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Market
Average Price Trend$/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 - Condo residence with flexible living space, building services, and amenities supporting personal use or rental occupancy.
Where is this residential income property located?
The property is located at 90 William Street 16E Manhattan, NY.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Flexible condo layout with space for an office, work station, dining table, living area, and sleeping area; Rooftop terrace with outdoor kitchen, fireplace, grills, and lounge area; 24‑hour concierge and doorman service
