Studio Residential Income
171 Henry Street 3B, New York City, NY 10002
For Sale
$750,000
Park-facing condominium studio with defined sleeping area, stainless steel kitchen appliances, in-unit laundry, and individually controlled climate systems.
Property Size684 SF
Price / SF$1,096
Days on Market96
Property Features for 171 Henry Street 3B
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Megan Cipollini
(929) 429-0059
Source:
Nilelundgren
Added: Aug 6
Changed: Oct 31
Last Checked: Nov 8 at 2:17PM
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 3B is a 684-square-foot studio condominium in a boutique Lower East Side building completed in 2017. A partition wall separates the sleeping area from the main living space, while the layout also accommodates dining, work, and entertaining areas. The open kitchen includes granite countertops, extensive cabinetry, and stainless steel appliances. Matte hardwood flooring, an in-unit washer/dryer, and individually controlled heating and air conditioning are also provided.
The home features 9'6" ceilings and oversized north-facing windows with views toward Seward Park. The property is near the East Broadway F train, Seward Park, Seward Park Library, Manny Cantor Center, Essex Market, and Trader Joe's. The adjacent condominium residence, Unit 3A, is also available, with any combination subject to condominium approval and applicable requirements. Select photographs have been virtually staged.
The home features 9'6" ceilings and oversized north-facing windows with views toward Seward Park. The property is near the East Broadway F train, Seward Park, Seward Park Library, Manny Cantor Center, Essex Market, and Trader Joe's. The adjacent condominium residence, Unit 3A, is also available, with any combination subject to condominium approval and applicable requirements. Select photographs have been virtually staged.
Key Highlights
- 684 SF studio condominium residence
- 9'6" ceilings with oversized north‑facing windows
- Views toward Seward Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,468
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,360
$429.4K
Cap Rate 7%
$306,686
$306.7K
Cap Rate 9%
$238,533
$238.5K
Market Conditions
NOI Build-Up for 684 SF
Gross rent
$41.0K $59.88/SF
− Vacancy
−$1.9K −$2.81/SF
EGI
$39.0K $57.07/SF
− OpEx
−$17.6K −$25.68/SF
NOI
$21.5K $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%
$429,360
Cap Rate 7%
$306,686
Cap Rate 9%
$238,533
Alternative Uses
Best Use
Apartment 5plus
$306.7K
$268.4K – $357.8K
NOI $21,468 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.2K
$418.4K – $557.9K
NOI $33,474 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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 - Park-facing condominium studio with defined sleeping area, stainless steel kitchen appliances, in-unit laundry, and individually controlled climate systems.
Where is this residential income property located?
The property is located at 171 Henry Street 3B 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: 684 SF studio condominium residence; 9'6" ceilings with oversized north‑facing windows; Views toward Seward Park
