Updated Two-Bedroom
280 RECTOR Place 8N, New York City, NY 10280
For Sale
$760,000
Bright residence with an open living area, south-facing bedrooms, and views toward One World Trade Center.
Property Size764 SF
Price / SF$994.76
Days on Market139
Property Features for 280 RECTOR Place 8N
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Shannon Rivoli
(917) 224-9613
Source:
Carytamura
Added: Jun 24
Changed: Nov 7
Last Checked: Nov 8 at 12:17PM
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.
This 764-square-foot condominium includes two bedrooms, one bath, and an open-concept living room suited to both everyday use and entertaining. Natural light reaches the interiors, while both bedrooms face south. The residence was built in 1987 and has been updated.
The property is at 280 Rector Place in Battery Park City, near Brookfield Place, the Hudson River Esplanade, shopping, dining, entertainment, and waterfront parks. The location also provides access to the free Downtown Connection shuttle and multiple major subway lines, with views toward One World Trade Center.
The property is at 280 Rector Place in Battery Park City, near Brookfield Place, the Hudson River Esplanade, shopping, dining, entertainment, and waterfront parks. The location also provides access to the free Downtown Connection shuttle and multiple major subway lines, with views toward One World Trade Center.
Key Highlights
- Two‑bedroom, one‑bath condominium at 280 Rector Place
- 764‑square‑foot residence with updated interiors
- Open‑concept living room with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,903
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,060
$478.1K
Cap Rate 7%
$341,471
$341.5K
Cap Rate 9%
$265,589
$265.6K
Market Conditions
NOI Build-Up for 764 SF
Gross rent
$45.7K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$43.5K $56.89/SF
− OpEx
−$19.6K −$25.60/SF
NOI
$23.9K $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%
$478,060
Cap Rate 7%
$341,471
Cap Rate 9%
$265,589
Alternative Uses
Best Use
Apartment 5plus
$341.5K
$298.8K – $398.4K
NOI $23,903 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$534.1K
$467.4K – $623.2K
NOI $37,389 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright residence with an open living area, south-facing bedrooms, and views toward One World Trade Center.
Where is this residential income property located?
The property is located at 280 RECTOR Place 8N New York City, NY.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium at 280 Rector Place; 764‑square‑foot residence with updated interiors; Open‑concept living room with natural light
