Renovated Residential Income
280 RECTOR Place 7E, New York City, NY 10280
For Sale
$550,000
Renovated unit with spa-style bath, stainless steel kitchen, park and World Trade Center views, and extensive building amenities.
Property Size600 SF
Price / SF$916.67
Days on Market75
Property Features for 280 RECTOR Place 7E
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Joshua Lieberman · License #10301214798
(917) 414-8280
Source:
Howardhannanyc
Added: Aug 27
Changed: Oct 31
Last Checked: Nov 8 at 3:56PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Unit 7E is a renovated residential condominium residence with a north-facing living room, a separate bedroom, and substantial closet storage. The kitchen is fitted with stainless steel appliances, granite countertops, and cabinetry. A spa-style bathroom includes a multi-head shower, generous vanity, and additional storage. The property size is 600 square feet, and the building was completed in 1987.
The residence is at 280 Rector Place in Battery Park City, with views toward the park and World Trade Center. Building amenities include a doorman, live-in superintendent, gym, roof deck, lounge, children’s playroom, dance studio, storage, bike storage, and an attached garage. Grocery stores, restaurants, parks, the riverfront esplanade, entertainment, and shopping are located nearby, with access to the Downtown Connection, M20, M9, and nearby trains.
The residence is at 280 Rector Place in Battery Park City, with views toward the park and World Trade Center. Building amenities include a doorman, live-in superintendent, gym, roof deck, lounge, children’s playroom, dance studio, storage, bike storage, and an attached garage. Grocery stores, restaurants, parks, the riverfront esplanade, entertainment, and shopping are located nearby, with access to the Downtown Connection, M20, M9, and nearby trains.
Key Highlights
- 600‑square‑foot residential unit at 280 Rector Place, Unit 7E
- Renovated bathroom with a shower featuring 10 shower heads
- North‑facing living room with park and World Trade Center views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,772
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,440
$375.4K
Cap Rate 7%
$268,171
$268.2K
Cap Rate 9%
$208,578
$208.6K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$35.9K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.1K $56.89/SF
− OpEx
−$15.4K −$25.60/SF
NOI
$18.8K $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 Rate 5%
$375,440
Cap Rate 7%
$268,171
Cap Rate 9%
$208,578
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
31,628
Businesses Nearby
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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
$893,800
Median Home Value
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Market
Average Price Trend$/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 - Renovated unit with spa-style bath, stainless steel kitchen, park and World Trade Center views, and extensive building amenities.
Where is this residential income property located?
The property is located at 280 RECTOR Place 7E New York City, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 600‑square‑foot residential unit at 280 Rector Place, Unit 7E; Renovated bathroom with a shower featuring 10 shower heads; North‑facing living room with park and World Trade Center views
