Residential Income
New
For Sale
$675,000
250 S END Avenue 2A, New York City, NY 10280
Oversized one-bedroom condominium residence with ten-foot ceilings, tailored storage, and an open kitchen with stainless appliances.
Property Size620 SF
Price / SF$1,088
Days on Market7
Property Features for 250 S END Avenue 2A
General Information
Standard status
Active
Size
620 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Asking Price
$675,000
Public Transit
Yes
Amenities
24-doorman
full time super-manager
tranquil courtyard with grilling stations
common laundry on every floor
bicycle room
private storage to lease
window treatments included
Building Details
Building Size
620 SF
Year Built
1986
Listing Agency:
Corcoran Group
(646) 208-2904
Listed By:
Jonathan Jossen · License #10401256168 (NY)
(646) 208-2904
Source:
Carlinwright
Added: Aug 17
Changed: Aug 22
Last Checked: Aug 22 at 10:32AM
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.
This residential income property is a bright, west-facing oversized one-bedroom condominium residence at Hudson View East. The home features 10-foot ceilings, oversized windows, an expansive living room with room for dining and lounging, and an open galley kitchen finished with stainless appliances, granite countertops, and tile flooring. The bedroom includes a fitted walk-in closet and a tiled walk-in shower, while pocket doors and included window treatments add practical flexibility. The apartment is identified as 620 in property size and was built in 1986.
Hudson View East is described as a renovated, full-service condominium in Battery Park City. Building amenities include a doorman, full-time superintendent-manager, courtyard grilling stations, common laundry on every floor, bicycle storage, and private storage available to lease. The property is near the Hudson River Esplanade, Brookfield Place, Westfield Mall, the Oculus Center, The Battery, One World Trade Center, and the Financial District. Pets are welcome, and nearby subway service includes the 1, 2, 3, 4, 5, R, W, E, J, and Z lines.
Hudson View East is described as a renovated, full-service condominium in Battery Park City. Building amenities include a doorman, full-time superintendent-manager, courtyard grilling stations, common laundry on every floor, bicycle storage, and private storage available to lease. The property is near the Hudson River Esplanade, Brookfield Place, Westfield Mall, the Oculus Center, The Battery, One World Trade Center, and the Financial District. Pets are welcome, and nearby subway service includes the 1, 2, 3, 4, 5, R, W, E, J, and Z lines.
Key Highlights
- Oversized west‑facing one‑bedroom condominium residence
- 10‑foot ceilings and oversized windows
- Open galley kitchen with stainless appliances and granite countertops
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
$19,398
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
2.87%
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%
$387,960
$388.0K
Cap Rate 7%
$277,114
$277.1K
Cap Rate 9%
$215,533
$215.5K
Market Conditions
NOI Build-Up for 620 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
$37.1K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$35.3K $56.89/SF
− OpEx
−$15.9K −$25.60/SF
NOI
$19.4K $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%
$387,960
Cap Rate 7%
$277,114
Cap Rate 9%
$215,533
Alternative Uses
Best Use
Apartment 5plus
$277.1K
$242.5K – $323.3K
NOI $19,398 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $108,029 @ 7.0% cap · market cap 16.00%
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 - Oversized one-bedroom condominium residence with ten-foot ceilings, tailored storage, and an open kitchen with stainless appliances.
Where is this residential income property located?
The property is located at 250 S END Avenue 2A 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: Oversized west‑facing one‑bedroom condominium residence; 10‑foot ceilings and oversized windows; Open galley kitchen with stainless appliances and granite countertops
