One-Bedroom Residential Income
300 RECTOR Place 4O, Manhattan, NY 10280
For Sale
$595,000
East-facing condominium residence with updated finishes, extensive storage, and access to full-service building amenities.
Property Size635 SF
Days on Market54
Property Features for 300 RECTOR Place 4O
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
fitness center
rooftop deck
bike room
children's playroom
private storage options
24-hour concierge
live-in resident manager and super
Building Details
Building Size
Year Built
Listing Agency:
Serhant
Listed By:
Kayla Lee
(646) 327-9517
Source:
Serhant
Added: Sep 17
Changed: Nov 5
Last Checked: Nov 8 at 11:40AM
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 Serhant
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Investment Insights
Based on property information with market context.
Unit 4O is a 635-square-foot, one-bedroom, one-bath condominium residence completed in 1986. The east-facing home features engineered hardwood flooring in the main living areas, porcelain tile in the kitchen, dark granite counters, and stainless steel appliances including a Bertazzoni microwave and LG dishwasher. The bedroom accommodates a king-size bed and includes an extra-large closet, while additional closets provide storage throughout the residence.
Building amenities include a fitness center, furnished rooftop deck with river views, bike room, children’s playroom, and private storage options subject to availability. Service features include a 24-hour concierge and a full-time live-in resident manager and superintendent. The property is located at 300 Rector Place in New York City, near Rector Park and the Hudson River Esplanade, with access to dining, shopping, schools, and major subway lines. The Battery Park City Master Ground Lease extends through 2069.
Building amenities include a fitness center, furnished rooftop deck with river views, bike room, children’s playroom, and private storage options subject to availability. Service features include a 24-hour concierge and a full-time live-in resident manager and superintendent. The property is located at 300 Rector Place in New York City, near Rector Park and the Hudson River Esplanade, with access to dining, shopping, schools, and major subway lines. The Battery Park City Master Ground Lease extends through 2069.
Key Highlights
- 635 SF one‑bedroom, one‑bath condominium residence
- East‑facing exposure with engineered hardwood flooring in the main living areas
- Kitchen with dark granite counters, porcelain tile flooring, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,867
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,340
$397.3K
Cap Rate 7%
$283,814
$283.8K
Cap Rate 9%
$220,744
$220.7K
Market Conditions
NOI Build-Up for 635 SF
Gross rent
$38.0K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$36.1K $56.89/SF
− OpEx
−$16.3K −$25.60/SF
NOI
$19.9K $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%
$397,340
Cap Rate 7%
$283,814
Cap Rate 9%
$220,744
Alternative Uses
Best Use
Apartment 5plus
$283.8K
$248.3K – $331.1K
NOI $19,867 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.9K
$388.5K – $517.9K
NOI $31,076 @ 7.0% cap · market cap 5.22%
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
23,291
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 Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - East-facing condominium residence with updated finishes, extensive storage, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 300 RECTOR Place 4O Manhattan, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 635 SF one‑bedroom, one‑bath condominium residence; East‑facing exposure with engineered hardwood flooring in the main living areas; Kitchen with dark granite counters, porcelain tile flooring, and stainless steel appliances
