29-Unit Walk-Up Apartment
245 E 30th St New York, NY 10016
245 E 30th St, New York, NY, 10016
$23,000,000
For Sale
$23,000,000
Six-story residential walk-up with 29 units, including both free-market and rent-regulated apartments.
Property Size20,892 SF
Price / SF$1,100
Days on Market32
Property Features for 245 E 30th St
General Information
- Standard status
- Active
- Size
- 20,892 SF
- Property subtype
- Multifamily
Listing agency
New York City Office
(212) 430-5147
Listed by
Joe Koicim · License #License(s): NY: 10301208718
(212) 430-5147
Source
Marcusmillichap
Added: Jun 22 Updated: Jul 21 at 9:43PM Checked: Jul 22 at 2:07AM
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 New York City Office
Investment Insights
Based on property information with market context.
This 29-unit, six-story residential walk-up totals approximately 20,892 square feet and offers a purely residential unit mix of 6 two-bedroom, 11 three-bedroom, 11 four-bedroom, and 1 five-bedroom apartment. The building includes 25 free-market units and 4 rent-regulated units.
With 50 feet of frontage, the property has a strong presence on the block. The free-market apartments have been newly renovated to a condominium standard, featuring stainless steel kitchens, dishwashers, hardwood floors, and high ceilings.
The combination of unit size variety and mixed regulatory status supports a flexible residential income profile within a walk-up configuration.
With 50 feet of frontage, the property has a strong presence on the block. The free-market apartments have been newly renovated to a condominium standard, featuring stainless steel kitchens, dishwashers, hardwood floors, and high ceilings.
The combination of unit size variety and mixed regulatory status supports a flexible residential income profile within a walk-up configuration.
Key Highlights
- 29‑unit, 6‑story residential walk‑up totaling approx. 20,892 SF
- 50 ft of street frontage for strong presence on the block
- Unit mix: 6 two‑bedroom, 11 three‑bedroom, 11 four‑bedroom, and 1 five‑bedroom apartment
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.25M | $59.88 |
| − Vacancy | −$62.6k | −$2.99 |
| EGI | $1.19M | $56.89 |
| − OpEx | −$534.8k | −$25.60 |
| NOI | $653.7k | $31.29 |
20,892 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$9.34M
$8.17M – $10.89M
NOI $653,654 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$52.00M
$45.50M – $60.67M
NOI $3,640,222 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aro Management Inc
Real Estate Agency
J A Independent Contractor
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six-story residential walk-up with 29 units, including both free-market and rent-regulated apartments.
Where is this apartment building located?
The property is located at 245 E 30th St New York, NY.
What is the asking price?
The asking price for this property is $23,000,000.
What are key features of this property?
This property features: 29‑unit, 6‑story residential walk‑up totaling approx. 20,892 SF; 50 ft of street frontage for strong presence on the block; Unit mix: 6 two‑bedroom, 11 three‑bedroom, 11 four‑bedroom, and 1 five‑bedroom apartment
