Residential Income Property with Full-Service
1623 3rd Avenue 31C, New York City, NY 10128
For Sale
$879,000
High-floor one-bedroom in a full-service condominium with central air, hardwood floors, and a large walk-in closet.
Property Size800 SF
Price / SF$1,098
Days on Market180
Property Features for 1623 3rd Avenue 31C
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
doorman
concierge
live-in super
package room
laundry
bike room
storage
garage parking
valet service
gym
hardwood floors
central air
dishwasher
walk-in closet
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Micol Bonazzoli
(917) 294-0661
Source:
Carlinwright
Added: May 14
Changed: Nov 3
Last Checked: Nov 8 at 4:14PM
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 Compass
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Investment Insights
Based on property information with market context.
Apartment 31C at Yorkville Tower 1 is an approximately 800 SF, high-floor one-bedroom within a full-service condominium building. The layout is designed for both everyday living and entertaining, with an open-concept kitchen connecting to the main living area. Oversized windows bring in natural light and provide open views of the city and skyline, with views of Central Park.
The apartment includes hardwood floors, central air, and a dishwasher, along with a large walk-in closet. The building provides a full-service experience with a full-time doorman, concierge, and live-in super. Residents also have access to a package room, laundry, bike room, storage, garage parking, valet service, and a gym located downstairs.
Yorkville Tower 1 was built in 1975 and is located in the heart of Yorkville. The building is moments from the Q and 6 trains, Carl Schurz Park, Whole Foods, and Equinox, with nearby restaurants and cafes.
The apartment includes hardwood floors, central air, and a dishwasher, along with a large walk-in closet. The building provides a full-service experience with a full-time doorman, concierge, and live-in super. Residents also have access to a package room, laundry, bike room, storage, garage parking, valet service, and a gym located downstairs.
Yorkville Tower 1 was built in 1975 and is located in the heart of Yorkville. The building is moments from the Q and 6 trains, Carl Schurz Park, Whole Foods, and Equinox, with nearby restaurants and cafes.
Key Highlights
- Approximately 800 SF high‑floor one‑bedroom apartment in Yorkville Tower 1
- Open‑concept kitchen with hardwood floors, central air, and a dishwasher
- Oversized windows with open city and skyline views plus views of Central Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,977
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,540
$499.5K
Cap Rate 7%
$356,814
$356.8K
Cap Rate 9%
$277,522
$277.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.5K −$3.11/SF
EGI
$45.4K $56.77/SF
− OpEx
−$20.4K −$25.54/SF
NOI
$25.0K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,540
Cap Rate 7%
$356,814
Cap Rate 9%
$277,522
Alternative Uses
Best Use
Apartment 5plus
$356.8K
$312.2K – $416.3K
NOI $24,977 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.8K
$497.7K – $663.6K
NOI $39,816 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17,744
Businesses Nearby
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Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - High-floor one-bedroom in a full-service condominium with central air, hardwood floors, and a large walk-in closet.
Where is this residential income property located?
The property is located at 1623 3rd Avenue 31C New York City, NY.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Approximately 800 SF high‑floor one‑bedroom apartment in Yorkville Tower 1; Open‑concept kitchen with hardwood floors, central air, and a dishwasher; Oversized windows with open city and skyline views plus views of Central Park
