One-Bedroom Condo with
296 E 2ND Street 4H, Manhattan, NY 10009
For Sale
$845,000
The residence includes an open kitchen, in-unit heating and air conditioning, and elevator access in a condominium completed in 2005.
Property Size800 SF
Price / SF$1,056
Days on Market120
Property Features for 296 E 2ND Street 4H
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
bicycle storage
pet-friendly
private balcony
ceiling fans
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Sahar Ziv · License NY SL3599882
(646) 467-4694
Source:
Dallien
Added: Jul 13
Changed: Nov 9
Last Checked: Nov 8 at 4:58PM
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 800-square-foot, one-bedroom condominium has an open kitchen with full-size appliances, hardwood floors, and more than 9-foot ceilings. The north-facing home includes a private balcony, oversized windows, recessed lighting, ceiling fans, and in-wall heating and air conditioning. Dual bedroom closets and custom shelving provide storage, while the building has elevator access and bicycle storage. Completed in 2005, it has two residences per floor and permits pets.
The property is at 296 East 2nd Street, near East River Park, Hamilton Fish Park, and Tompkins Square Park. Nearby amenities include restaurants and shops along Avenue C, Union Market, and Whole Foods. Citi Bike is 200 feet away, and access to the FDR and J, M, F, and Z trains and the M21 bus is noted.
The property is at 296 East 2nd Street, near East River Park, Hamilton Fish Park, and Tompkins Square Park. Nearby amenities include restaurants and shops along Avenue C, Union Market, and Whole Foods. Citi Bike is 200 feet away, and access to the FDR and J, M, F, and Z trains and the M21 bus is noted.
Key Highlights
- 800‑square‑foot, one‑bedroom condominium
- Private balcony and north‑facing orientation
- More than 9‑foot ceilings, hardwood floors, and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 10009, NY
61,716
Population
32,375
Households
1.9
Avg Household Size
36
Median Age
63%
College-Educated
87%
High-School Grad
0.6 sq mi
ZIP Area
102,860
Density / Sq Mi
$87,963
Median Household Income
$84,069
Median Earnings
$1,925
Median Rent
$690,600
Median Home Value
Market
Average Price Trend$/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 - The residence includes an open kitchen, in-unit heating and air conditioning, and elevator access in a condominium completed in 2005.
Where is this residential income property located?
The property is located at 296 E 2ND Street 4H Manhattan, NY.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 800‑square‑foot, one‑bedroom condominium; Private balcony and north‑facing orientation; More than 9‑foot ceilings, hardwood floors, and oversized windows
