Duplex Residential Income
For Sale
$875,000
21 S END Avenue 207, New York City, NY 10280
Two-level one-bedroom residence with in-unit laundry, rooftop access, and full-service building amenities.
Property Size808 SF
Price / SF$1,082
Days on Market148
Property Features for 21 S END Avenue 207
General Information
Standard status
Active
Size
808 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour concierge
landscaped rooftop terrace
elegant lobby
on-site building management
in-unit washer/dryer
Building Details
Building Size
808 SF
Year Built
1988
Listing Agency:
Battery Park City Residential LLC
(347) 248-9726
Listed By:
Akm M Bhuiyan
(347) 248-9726
Source:
Howardhannanyc
Added: Mar 16
Changed: Aug 9
Last Checked: Aug 10 at 10:08AM
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 Battery Park City Residential LLC
Investment Insights
Based on property information with market context.
Residence #207 is an 808 SF one-bedroom duplex in a full-service building completed in 1988. The two-level layout includes an open living and dining area, a contemporary kitchen with stainless steel appliances, a private bedroom suite with an en-suite bathroom, and a half bathroom. In-unit laundry adds practical convenience.
Building services and common areas include 24-hour concierge service, on-site management, an elegant lobby, and a landscaped rooftop terrace. The property is located at 21 S END Avenue in Battery Park City, near the Hudson River Esplanade, neighborhood parks, Brookfield Place, and the Battery Park City Ferry Terminal. Nearby transportation includes Rector Street and Bowling Green subway stations, PATH at the World Trade Center, and the NYC Ferry.
Building services and common areas include 24-hour concierge service, on-site management, an elegant lobby, and a landscaped rooftop terrace. The property is located at 21 S END Avenue in Battery Park City, near the Hudson River Esplanade, neighborhood parks, Brookfield Place, and the Battery Park City Ferry Terminal. Nearby transportation includes Rector Street and Bowling Green subway stations, PATH at the World Trade Center, and the NYC Ferry.
Key Highlights
- 808 SF one‑bedroom duplex residence
- Two‑level layout with open living and dining area
- Private bedroom suite with en‑suite bathroom
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
$25,280
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
2.89%
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%
$505,600
$505.6K
Cap Rate 7%
$361,143
$361.1K
Cap Rate 9%
$280,889
$280.9K
Market Conditions
NOI Build-Up for 808 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
$48.4K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$46.0K $56.89/SF
− OpEx
−$20.7K −$25.60/SF
NOI
$25.3K $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%
$505,600
Cap Rate 7%
$361,143
Cap Rate 9%
$280,889
Alternative Uses
Best Use
Apartment 5plus
$361.1K
$316.0K – $421.3K
NOI $25,280 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,786 @ 7.0% cap · market cap 16.09%
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
22,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 10280, NY
8,993
Population
5,015
Households
1.8
Avg Household Size
38
Median Age
90%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
89,930
Density / Sq Mi
$206,250
Median Household Income
$131,677
Median Earnings
$3,501
Median Rent
$893,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level one-bedroom residence with in-unit laundry, rooftop access, and full-service building amenities.
Where is this residential income property located?
The property is located at 21 S END Avenue 207 New York City, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 808 SF one‑bedroom duplex residence; Two‑level layout with open living and dining area; Private bedroom suite with en‑suite bathroom
