One-Bedroom Residential Income
For Sale
$520,000
21 S END Avenue 333, New York City, NY 10280
South- and west-facing residence with a jacuzzi tub and in-unit laundry.
Property Size552 SF
Days on Market133
Property Features for 21 S END Avenue 333
General Information
Standard status
Active
Size
552 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
jacuzzi soaking tub
in-unit washer/dryer
Building Details
Building Size
552 SF
Year Built
1988
Listing Agency:
Battery Park City Residential LLC
(212) 964-4300
Listed By:
Lixi Ma
(212) 964-4300
Source:
Tricialee
Added: Apr 1
Changed: Aug 8
Last Checked: Aug 10 at 10:07AM
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.
This one-bedroom residence, constructed in 1988, receives southern and western exposure for abundant natural light. The home includes a spa-style bathroom with a jacuzzi soaking tub and an in-unit washer and dryer, providing practical features within the living space.
The property is in downtown New York City with access to the A, C, E, R, 1, 2, and 3 subway lines, M9 and M15 buses, PATH trains, and ferry service. Whole Foods and Brookfield Place are nearby, while Tribeca and waterfront destinations are also within the surrounding downtown area.
The property is in downtown New York City with access to the A, C, E, R, 1, 2, and 3 subway lines, M9 and M15 buses, PATH trains, and ferry service. Whole Foods and Brookfield Place are nearby, while Tribeca and waterfront destinations are also within the surrounding downtown area.
Key Highlights
- One‑bedroom residence with south- and west‑facing exposure
- Jacuzzi soaking tub in the bathroom
- In‑unit washer and dryer
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
$17,271
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
3.32%
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%
$345,420
$345.4K
Cap Rate 7%
$246,729
$246.7K
Cap Rate 9%
$191,900
$191.9K
Market Conditions
NOI Build-Up for 552 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
$33.1K $59.88/SF
− Vacancy
−$1.7K −$2.99/SF
EGI
$31.4K $56.89/SF
− OpEx
−$14.1K −$25.60/SF
NOI
$17.3K $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%
$345,420
Cap Rate 7%
$246,729
Cap Rate 9%
$191,900
Alternative Uses
Best Use
Apartment 5plus
$246.7K
$215.9K – $287.9K
NOI $17,271 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,180 @ 7.0% cap · market cap 18.50%
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 - South- and west-facing residence with a jacuzzi tub and in-unit laundry.
Where is this residential income property located?
The property is located at 21 S END Avenue 333 New York City, NY.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: One‑bedroom residence with south- and west‑facing exposure; Jacuzzi soaking tub in the bathroom; In‑unit washer and dryer
