Score
0New York, NY
101 Wall St #17A
1.8M
2 beds
2 baths
1,113 sqft
2 bd • 2 ba • 1,113 sf
This analysis was generated 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
$1,660
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 The building's age is unknown, which could imply potential maintenance issues or outdated systems.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
Property History
Price History
Ownership Timeline
$5,250,000Financed
Sep 28, 201899 Wall Development IncSabrina Jiang
Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$3,680
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,847,800
Price/sqft
$1,660
Layout
2 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,841,148
0.4%
Your price is 0.4% above average
Median Price
$1,507,500
22.6%
Based on 6 recent sales
Price per Sq.Ft
$1,577
5.3%
Your price is 5.3% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 20 RIVER Terrace #5A, NewYorkCity, NY 10282 | $1,037,000 | 1,021 | 2 | 2 | $1,01638.8% | 12/16/2024 |
| 25 BROAD Street #21T, NewYorkCity, NY 10004 | $1,507,500 | 1,126 | 2 | 2 | $1,33919.4% | 11/18/2024 |
| 30 FRONT Street #27C, NewYorkCity, NY 11201 | $2,995,000 | 1,325 | 2 | 2 | $2,26036.2% | 1/9/2025 |
| 25 Broad Street #21-T, NewYorkCity, NY 10004 | $1,507,500 | 1,126 | 2 | 2 | $1,33919.4% | 11/6/2024 |
| 252 South Street #49G, NewYorkCity, NY 10002 | $2,539,888 | 1,156 | 2 | 2 | $2,19732.3% | 11/5/2024 |
| 25 Broad Street #19-T, NewYorkCity, NY 10004 | $1,460,000 | 1,112 | 2 | 2 | $1,31320.9% | 10/5/2024 |
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
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