Studio Residential Income
171 Henry Street 3A, New York City, NY 10002
For Sale
$750,000
Condominium studio with flexible living areas, park views, and in-unit laundry in a boutique Lower East Side building.
Property Size690 SF
Price / SF$1,086
Days on Market96
Property Features for 171 Henry Street 3A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Megan Cipollini
(929) 429-0059
Source:
Howardhannanyc
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 1:56PM
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.
Residence 3A is a 690-square-foot studio condominium in a 2017 boutique building. The interior includes 9'6" ceilings, oversized north-facing windows, matte hardwood floors, and a partition wall that separates the sleeping area from the main living space. The layout accommodates dining, work, and entertaining areas, while the open kitchen provides abundant cabinetry, granite countertops, and stainless steel appliances. A tile-finished bathroom, in-unit washer/dryer, and individually controlled heating and air conditioning complete the residence.
The home overlooks Seward Park and is near the Seward Park Library, Manny Cantor Center, Essex Market, and Trader Joe's. The East Broadway F train is nearby, along with restaurants and neighborhood services on the Lower East Side. The adjacent 3B residence is also available, with any combination subject to condominium approval and applicable requirements.
The home overlooks Seward Park and is near the Seward Park Library, Manny Cantor Center, Essex Market, and Trader Joe's. The East Broadway F train is nearby, along with restaurants and neighborhood services on the Lower East Side. The adjacent 3B residence is also available, with any combination subject to condominium approval and applicable requirements.
Key Highlights
- 690‑square‑foot studio condominium in a 2017 building
- 9'6" ceilings and oversized north‑facing windows overlooking Seward Park
- Partition wall creates a separate sleeping area within the studio layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,656
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,120
$433.1K
Cap Rate 7%
$309,371
$309.4K
Cap Rate 9%
$240,622
$240.6K
Market Conditions
NOI Build-Up for 690 SF
Gross rent
$41.3K $59.88/SF
− Vacancy
−$1.9K −$2.81/SF
EGI
$39.4K $57.07/SF
− OpEx
−$17.7K −$25.68/SF
NOI
$21.7K $31.39/SF
Area
ZIP 10002
Vacancy
4.70%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,120
Cap Rate 7%
$309,371
Cap Rate 9%
$240,622
Alternative Uses
Best Use
Apartment 5plus
$309.4K
$270.7K – $360.9K
NOI $21,656 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.4K
$422.1K – $562.8K
NOI $33,768 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium studio with flexible living areas, park views, and in-unit laundry in a boutique Lower East Side building.
Where is this residential income property located?
The property is located at 171 Henry Street 3A New York City, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 690‑square‑foot studio condominium in a 2017 building; 9'6" ceilings and oversized north‑facing windows overlooking Seward Park; Partition wall creates a separate sleeping area within the studio layout
