Three-Bedroom Residential Income
255 Clinton Street S3, New York City, NY 10002
For Sale
$995,000
Condominium residence with flexible living space, separate kitchen, hardwood floors, and dedicated storage.
Property Size1,022 SF
Price / SF$973.58
Days on Market54
Property Features for 255 Clinton Street S3
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Dylan Hildreth Hoffman
(646) 431-2260
Source:
Carlinwright
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 1:07PM
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 Compass
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Investment Insights
Based on property information with market context.
Residence S3 is a 1,022-square-foot condominium with three bedrooms, one-and-a-half baths, and a layout that separates the sleeping quarters from the main living areas. The living and dining room features high ceilings, hardwood flooring, and a large picture window. A separate galley kitchen includes white cabinetry, generous counter space, a gas range, and a full-size refrigerator. The home also offers a primary-bedroom walk-in closet, additional closets, through-wall air conditioning, and oversized windows. A full bathroom with a tub and shower is complemented by a separate powder room.
The residence is part of Two Bridges Townhouse Condominium, which includes properties at 251-255 Clinton Street, 291-295 Cherry Street, and 305-311 Cherry Street. Its location places the home near the Lower East Side, Chinatown, and the East River waterfront, with dining, shopping, recreation, and transportation nearby. Washer/dryers are not permitted.
The residence is part of Two Bridges Townhouse Condominium, which includes properties at 251-255 Clinton Street, 291-295 Cherry Street, and 305-311 Cherry Street. Its location places the home near the Lower East Side, Chinatown, and the East River waterfront, with dining, shopping, recreation, and transportation nearby. Washer/dryers are not permitted.
Key Highlights
- Three‑bedroom, one‑and‑a‑half‑bath condominium
- 1,022 square feet with separate living and dining areas
- High ceilings, hardwood floors, and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,077
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,540
$641.5K
Cap Rate 7%
$458,243
$458.2K
Cap Rate 9%
$356,411
$356.4K
Market Conditions
NOI Build-Up for 1,022 SF
Gross rent
$61.2K $59.88/SF
− Vacancy
−$2.9K −$2.81/SF
EGI
$58.3K $57.07/SF
− OpEx
−$26.2K −$25.68/SF
NOI
$32.1K $31.39/SF
Area
ZIP 10002
Vacancy
4.70%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,540
Cap Rate 7%
$458,243
Cap Rate 9%
$356,411
Alternative Uses
Best Use
Apartment 5plus
$458.2K
$401.0K – $534.6K
NOI $32,077 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$714.5K
$625.2K – $833.6K
NOI $50,015 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with flexible living space, separate kitchen, hardwood floors, and dedicated storage.
Where is this residential income property located?
The property is located at 255 Clinton Street S3 New York City, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three‑bedroom, one‑and‑a‑half‑bath condominium; 1,022 square feet with separate living and dining areas; High ceilings, hardwood floors, and oversized windows
