Renovated Residential Income
For Sale
$675,000
250 S END Avenue 1S, New York City, NY 10280
One-bedroom condo offering western exposure, hardwood floors, and concierge service in Battery Park City.
Property Size725 SF
Price / SF$931.03
Days on Market9
Property Features for 250 S END Avenue 1S
General Information
Standard status
Active
Size
725 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
marble lobby
pet-friendly
24-hour concierge
full-time manager
courtyard with barbecues
washer/dryer on each floor
short-term parking
Building Details
Building Size
725 SF
Year Built
1986
Listing Agency:
Corcoran Group
(646) 208-2904
Listed By:
Jonathan Jossen · License #10401256168 (NY)
(646) 208-2904
Source:
Bondnyre
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 4:20PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Unit 1S is a renovated one-bedroom condominium at Hudson View East, offering 725 square feet with a separate living room and dining area. The residence features high ceilings, hardwood flooring, four oversized windows with west-facing exposure, and a large bedroom with extensive storage. Its pass-through kitchen includes stainless steel appliances, granite work surfaces, tile flooring, and 13 separate storage spaces. A walk-in closet and updated bathroom add practical appeal.
Built in 1986, Hudson View East provides a marble lobby, 24-hour, 7-day-a-week concierge service, a full-time manager, and a landscaped courtyard with four barbecues. The pet-friendly building also has short-term resident parking and washers and dryers on each floor. The Battery Park City setting places the residence near the Hudson River esplanade, parks, Brookfield Place, Westfield Mall, restaurants, and subway access.
Built in 1986, Hudson View East provides a marble lobby, 24-hour, 7-day-a-week concierge service, a full-time manager, and a landscaped courtyard with four barbecues. The pet-friendly building also has short-term resident parking and washers and dryers on each floor. The Battery Park City setting places the residence near the Hudson River esplanade, parks, Brookfield Place, Westfield Mall, restaurants, and subway access.
Key Highlights
- 725 square feet in a one‑bedroom condominium, Unit 1S
- Four oversized windows with west‑facing exposure
- Pass‑through kitchen with stainless appliances and 13 separate storage spaces
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
$22,683
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
3.36%
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%
$453,660
$453.7K
Cap Rate 7%
$324,043
$324.0K
Cap Rate 9%
$252,033
$252.0K
Market Conditions
NOI Build-Up for 725 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
$43.4K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$41.2K $56.89/SF
− OpEx
−$18.6K −$25.60/SF
NOI
$22.7K $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%
$453,660
Cap Rate 7%
$324,043
Cap Rate 9%
$252,033
Alternative Uses
Best Use
Apartment 5plus
$324.0K
$283.5K – $378.1K
NOI $22,683 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.11M
NOI $126,324 @ 7.0% cap · market cap 18.71%
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
31,628
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 - One-bedroom condo offering western exposure, hardwood floors, and concierge service in Battery Park City.
Where is this residential income property located?
The property is located at 250 S END Avenue 1S New York City, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 725 square feet in a one‑bedroom condominium, Unit 1S; Four oversized windows with west‑facing exposure; Pass‑through kitchen with stainless appliances and 13 separate storage spaces
