SOLD FOR $510,000
· Sold at asking price · Closed September 22, 2026
$510,000
$1,109 per sq ft
1 Wall Street Court #904
The Cocoa Exchange
MLS® #RLS20074794
Listing by Platinum Forbes Global Properties
Studio
1
Bath
460
Sq. Ft.
1904
Year Built
Sale Details
Property Summary
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 an income-producing asset in a premier Downtown location-ideal for investors seeking immediate yield with long-term potential.
Property Details
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Listing courtesy of Erika Maya Jaramillo at Platinum Forbes Global Properties. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.