Residential Income Property with River
For Sale
$649,000
300 Rector Place 4E, New York City, NY 10280
Oversized one-bedroom residence with hardwood floors, abundant storage, and access to full-service building amenities.
Property Size665 SF
Days on Market24
Property Features for 300 Rector Place 4E
General Information
Standard status
Active
Size
665 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Highway Access
No
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$15,121
Amenities
roof deck
fitness room
bike storage
children's playroom
common laundry room
Building Details
Building Size
665 SF
Year Built
1986
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
Compass
Listed By:
Mariko A Decouto
(646) 300-1630
Source:
Serhant
Added: Sep 15
Changed: Oct 8
Last Checked: Oct 7 at 4:03PM
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
Investment Insights
Based on property information with market context.
This residential income property is an oversized one-bedroom, one-bathroom condominium residence with open views toward the park and Hudson River. Hardwood floors, fresh paint, and substantial storage complement a bedroom sized for a king bed and additional furnishings. The home is located in The Battery Pointe condominium, a full-service building constructed in 1986.
Building amenities include a 24-hour concierge, roof deck, fitness room, bike storage, children’s playroom, and common laundry rooms on every floor. Battery Park City offers access to Hudson River bike and jogging paths, dog parks, basketball courts, baseball fields, and a children’s playground. Nearby shopping and dining options include Brookfield Place, TriBeCa, the Financial District, Westfield, and the Oculus. Subway and PATH train access are available, with connections to the FDR and West Side Highway for drivers.
Building amenities include a 24-hour concierge, roof deck, fitness room, bike storage, children’s playroom, and common laundry rooms on every floor. Battery Park City offers access to Hudson River bike and jogging paths, dog parks, basketball courts, baseball fields, and a children’s playground. Nearby shopping and dining options include Brookfield Place, TriBeCa, the Financial District, Westfield, and the Oculus. Subway and PATH train access are available, with connections to the FDR and West Side Highway for drivers.
Key Highlights
- Oversized one‑bedroom, one‑bathroom condominium residence
- Open views of the park and Hudson River
- Hardwood floors, fresh paint, and plentiful storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,806
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,120
$416.1K
Cap Rate 7%
$297,229
$297.2K
Cap Rate 9%
$231,178
$231.2K
Market Conditions
NOI Build-Up for 665 SF
Gross rent
$39.8K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$37.8K $56.89/SF
− OpEx
−$17.0K −$25.60/SF
NOI
$20.8K $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%
$416,120
Cap Rate 7%
$297,229
Cap Rate 9%
$231,178
Alternative Uses
Best Use
Apartment 5plus
$297.2K
$260.1K – $346.8K
NOI $20,806 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,870 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23,291
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Oversized one-bedroom residence with hardwood floors, abundant storage, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 300 Rector Place 4E New York City, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Oversized one‑bedroom, one‑bathroom condominium residence; Open views of the park and Hudson River; Hardwood floors, fresh paint, and plentiful storage
