Split-Bedroom Residential Income
For Sale
$999,000
127 E 30th Street 1B, New York City, NY 10016
Renovated two-bedroom residence with smart privacy windows, extensive storage, and full-service building amenities.
Property Size1,186 SF
Price / SF$842.33
Days on Market180
Property Features for 127 E 30th Street 1B
General Information
Standard status
Active
Size
1,186 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$22,128
Amenities
24-hour doorman
live-in super
bike room
landscaped roof deck
in-unit washer/dryer
deeded storage locker
Building Details
Building Size
1,186 SF
Year Built
1988
Listing Agency:
Yoreevo LLC
(212) 365-0151
Listed By:
James McGrath
(212) 365-0151
Source:
Nobleblackandpartners
Added: Feb 11
Changed: Aug 10
Last Checked: Aug 10 at 10:06AM
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 Yoreevo LLC
Investment Insights
Based on property information with market context.
This 1,186 SF residential income property is configured as a two-bedroom, two-bath condominium with a split-bedroom arrangement and potential to convert to three bedrooms. The home includes an oversized living and dining area, three walk-in closets, a deeded storage locker, a renovated kitchen, and an in-unit washer/dryer. South-facing windows feature switchable privacy film that changes between clear and frosted settings. The residence was built in 1988.
Lexington Parc provides full-service amenities including a 24-hour doorman, live-in superintendent, bike room, and landscaped roof deck with panoramic Empire State views. The property is located at 127 E 30th Street 1B in New York City, with access to the 6, R, and W trains steps away.
Lexington Parc provides full-service amenities including a 24-hour doorman, live-in superintendent, bike room, and landscaped roof deck with panoramic Empire State views. The property is located at 127 E 30th Street 1B in New York City, with access to the 6, R, and W trains steps away.
Key Highlights
- 1,186 SF two‑bedroom, two‑bath condominium with potential conversion to three bedrooms
- Split‑bedroom layout with oversized living and dining area
- Three walk‑in closets plus deeded storage locker
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,107
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$742,140
$742.1K
Cap Rate 7%
$530,100
$530.1K
Cap Rate 9%
$412,300
$412.3K
Market Conditions
NOI Build-Up for 1,186 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$71.0K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$67.5K $56.89/SF
− OpEx
−$30.4K −$25.60/SF
NOI
$37.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$742,140
Cap Rate 7%
$530,100
Cap Rate 9%
$412,300
Alternative Uses
Best Use
Apartment 5plus
$530.1K
$463.8K – $618.5K
NOI $37,107 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,649 @ 7.0% cap · market cap 20.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
73,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-bedroom residence with smart privacy windows, extensive storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 127 E 30th Street 1B New York City, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1,186 SF two‑bedroom, two‑bath condominium with potential conversion to three bedrooms; Split‑bedroom layout with oversized living and dining area; Three walk‑in closets plus deeded storage locker
