One-Bedroom Residential Income
For Sale
$610,000
300 RECTOR Place 4O, New York City, NY 10280
East-facing condominium residence with updated finishes, extensive storage, and access to full-service building amenities.
Property Size635 SF
Days on Market15
Property Features for 300 RECTOR Place 4O
General Information
Standard status
Active
Size
635 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,436
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
635 SF
Year Built
1986
Listing Agency:
Serhant
Listed By:
Kayla Lee
(646) 327-9517
Source:
Serhant
Added: Sep 17
Changed: Sep 29
Last Checked: Sep 30 at 5:36PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,642 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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 - 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 New York City, NY.
What is the asking price?
The asking price for this property is $610,000.
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
