Two-Bedroom Residence in Waterfront
280 Rector Place 8C, Manhattan, NY 10280
For Sale
$899,999
Corner two-bedroom condo with open views, a recently renovated galley kitchen, and full concierge-style services in a boutique building.
Property Size832 SF
Price / SF$1,081
Days on Market179
Property Features for 280 Rector Place 8C
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
doorman
live-in superintendent
fitness center
landscaped roof deck
resident lounge
children's playroom
dance studio
storage
bike storage
attached parking garage
Building Details
Building Size
Year Built
Listing Agency:
Howard Hanna NYC
Listed By:
Andrew Klima · License NY RS374284
(716) 725-9136
Source:
Howardhannanyc
Added: May 15
Changed: Nov 9
Last Checked: Nov 8 at 2:47PM
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 Howard Hanna NYC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Residence 8C at 280 Rector Place is a two-bedroom corner home in The Soundings condo building, positioned with no immediate neighbors. The living and dining area opens to bright, welcoming space with open views and abundant natural light.
The recently renovated galley kitchen features stainless steel appliances, maple cabinetry, granite countertops, and generous storage. The oversized primary suite is designed for flexible use and measures over 24 feet in length, accommodating a king-sized bed along with a home office setup and additional living space. The ensuite bathroom has been updated with a marble-top vanity and glass shower doors. The second bedroom fits a queen-sized bed or can serve as a shared children’s room.
Residents enjoy a full-time doorman and live-in superintendent, plus on-site amenities including a fitness center, landscaped roof deck, resident lounge, children’s playroom, dance studio, storage, bike storage, and an attached parking garage. The building was built in 1985.
The recently renovated galley kitchen features stainless steel appliances, maple cabinetry, granite countertops, and generous storage. The oversized primary suite is designed for flexible use and measures over 24 feet in length, accommodating a king-sized bed along with a home office setup and additional living space. The ensuite bathroom has been updated with a marble-top vanity and glass shower doors. The second bedroom fits a queen-sized bed or can serve as a shared children’s room.
Residents enjoy a full-time doorman and live-in superintendent, plus on-site amenities including a fitness center, landscaped roof deck, resident lounge, children’s playroom, dance studio, storage, bike storage, and an attached parking garage. The building was built in 1985.
Key Highlights
- Corner unit with no immediate neighbors and open views
- Recently renovated galley kitchen with stainless steel appliances and granite countertops
- Primary suite over 24 feet long for flexible living and office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,031
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,620
$520.6K
Cap Rate 7%
$371,871
$371.9K
Cap Rate 9%
$289,233
$289.2K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$49.8K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$47.3K $56.89/SF
− OpEx
−$21.3K −$25.60/SF
NOI
$26.0K $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%
$520,620
Cap Rate 7%
$371,871
Cap Rate 9%
$289,233
Alternative Uses
Best Use
Apartment 5plus
$371.9K
$325.4K – $433.9K
NOI $26,031 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
$893,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Corner two-bedroom condo with open views, a recently renovated galley kitchen, and full concierge-style services in a boutique building.
Where is this residential income property located?
The property is located at 280 Rector Place 8C Manhattan, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Corner unit with no immediate neighbors and open views; Recently renovated galley kitchen with stainless steel appliances and granite countertops; Primary suite over 24 feet long for flexible living and office use
