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Listing Courtesy of Platinum Properties
$560,000
Est. payment /mo
1 Bath
460 SqFt
Open 4/18 10:30AM-11:30AM
1 Wall Street Court #904 Manhattan, NY 10005
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info@realtormls.propertiesOpen House
Sat Apr 18, 10:30am - 11:30am
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Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 460 sqft
Price per Sqft $1,217
Subdivision Financial District
MLS Listing ID RLS20074794
Full Baths 1
HOA Fees $904/mo
HOA Y/N Yes
Year Built 1904
Property Sub-Type Condo
Property Description
Investor-Focused - Immediate Income - Tenant in Place Through February 2027 Currently generating $3,250/month in rent, this turnkey investment offers an estimated cap rate of approximately 3.45% with a secure lease in place through February 2027-delivering immediate, predictable income from day one. Perfectly positioned at one of Downtown Manhattan's most recognizable corners, this residence at the landmark Cocoa Exchange presents a compelling opportunity for investors seeking stability, low near-term capital requirements, and long-term upside. The building's iconic architecture-featured in films including John Wick -adds to its enduring appeal within the Financial District. Unlike many units facing the street, this apartment benefits from partial river views and soft morning light, enhancing tenant desirability. The efficient layout clearly separates living and sleeping areas, maximizing both functionality and rental appeal. Over $30,000 in recent upgrades further strengthen the investment profile by minimizing near-term expenses. Enhancements include updated plumbing and electrical, a renovated bathroom sink, and a thoughtfully designed kitchen featuring stainless steel appliances, granite countertops, glass and walnut cabinetry, and Italian porcelain tile flooring. The bathroom is finished with a custom walnut vanity, freestanding porcelain basin, and Gioia marble walls. Residents enjoy full-service amenities including a 24-hour doorman, on-site maintenance, and access to a sky terrace and roof lounge-features that support strong tenant retention and consistent demand. Located in the heart of the Seaport District, the property offers immediate access to Whole Foods Market, Life Time Fitness, and Equinox, along with premier dining and retail including Tiffany & Co., Printemps, Manhatta, Delmonico's, and Cipriani. Transportation is seamless, with close proximity to Fulton Street and World Trade Center transit hubs, as well as the Seaport Ferry Terminal. A rare opportunity to acquire a stabilized, income-producing asset in a premier Downtown location-ideal for investors seeking immediate yield with long-term potential.
Location
Rooms
Basement Other
Interior
Cooling Other
Fireplace No
Laundry Building Other
Exterior
Exterior Feature Building Roof Deck
View Y/N Yes
View River
Porch None
Private Pool No
Building
Dwelling Type High Rise
Story 15
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 0023-1092
Ownership Condominium
Monthly Total Fees $904
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by .
Nearby Locations
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