masterkey logo
101 Wall St #17A
New York, NY

101 Wall St #17A

$1,847,800
2 bd • 2 ba • 1,113 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,847,800

Price/Sq.Ft

$1660

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 101 Wall St #17A boasts an exceptional location in the heart of New York's Financial District. At $1,660.20/sqft, it's priced competitively for the area, which often sees prices above $2,000/sqft. The 2-bedroom, 2-bathroom layout in 1,113 sqft is efficient for the neighborhood. Its high-floor position (17th floor) likely offers impressive views, a significant value add in NYC. The median income of $197,188 in the area suggests a strong local economy and potential for appreciation. Proximity to major financial institutions and transit hubs adds tremendous value for professionals.

The Bad

The lack of detailed property features and description is concerning, as it limits our ability to assess the unit's condition and amenities. The building's age is unknown, which could imply potential maintenance issues or outdated systems. At 1,113 sqft, it's smaller than many luxury 2-bedroom apartments in the area, which often exceed 1,300 sqft. The price point of $1,847,800, while competitive per square foot, is still a significant investment that may limit the buyer pool.

The Ugly

Monthly ownership costs could be substantial. Assuming a 20% down payment and a 30-year fixed mortgage at 3.5%, the monthly mortgage payment alone would be around $6,640. Add to this potential monthly common charges (often $1-$2 per sqft in luxury buildings), which could range from $1,100 to $2,200, and property taxes (approximately 0.9% of assessed value annually), potentially adding another $1,400 per month. Total monthly ownership costs could easily exceed $10,000, requiring an annual income of $400,000+ using the 30% income rule. The Financial District can be quiet on weekends, which some residents find unappealing. Potential for street noise and construction disruption is high in this area.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for high-income finance professionals or executives earning $400,000+ annually who value proximity to Wall Street. It's ideal for those seeking a pied-à-terre in the financial hub or investors looking for strong rental potential. The unit would work well for singles or couples without children who prioritize location over space. With two bedrooms, it could also suit young families or those needing a home office.

Not For

This property is not suitable for buyers seeking a spacious family home, as the 1,113 sqft may feel cramped for larger families. It's not ideal for those sensitive to urban noise or seeking a quiet, residential neighborhood atmosphere. Buyers looking for extensive amenities or outdoor space may be disappointed unless the building offers these (information not provided). It's also not suitable for those unable to meet the high income requirements or looking for a more affordable entry into the NYC market.
Demographics
Area Median Income

$197,188

Price Prediction Challenge

Think you know what 101 Wall St #17A will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Risk Analysis

Market volatility in the financial sector could impact property values in this area. The high monthly costs present a financial risk if income stability is a concern. Potential for increased competition from new luxury developments in the area could affect future resale value. Climate risks, including flooding, are a growing concern in lower Manhattan, potentially leading to higher insurance costs and future mitigation expenses. The lack of information about the building's age and condition poses a risk of unexpected maintenance or upgrade costs.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,841,148

-0.4% below list price

Median Price

$1,507,500

Based on 6 recent sales

Price per Sq.Ft

$1,577

Comparable Properties

20 RIVER Terrace #5A, NewYorkCity, NY 10282
Price: $1,037,000
Sq.Ft: 1,021
Beds/Baths: 2/2
$/Sq.Ft:
$1,01638.8%
Sale Date: 12/16/2024
25 BROAD Street #21T, NewYorkCity, NY 10004
Price: $1,507,500
Sq.Ft: 1,126
Beds/Baths: 2/2
$/Sq.Ft:
$1,33919.4%
Sale Date: 11/18/2024
30 FRONT Street #27C, NewYorkCity, NY 11201
Price: $2,995,000
Sq.Ft: 1,325
Beds/Baths: 2/2
$/Sq.Ft:
$2,26036.2%
Sale Date: 1/9/2025
25 Broad Street #21-T, NewYorkCity, NY 10004
Price: $1,507,500
Sq.Ft: 1,126
Beds/Baths: 2/2
$/Sq.Ft:
$1,33919.4%
Sale Date: 11/6/2024
252 South Street #49G, NewYorkCity, NY 10002
Price: $2,539,888
Sq.Ft: 1,156
Beds/Baths: 2/2
$/Sq.Ft:
$2,19732.3%
Sale Date: 11/5/2024
25 Broad Street #19-T, NewYorkCity, NY 10004
Price: $1,460,000
Sq.Ft: 1,112
Beds/Baths: 2/2
$/Sq.Ft:
$1,31320.9%
Sale Date: 10/5/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$55,434

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results