One-Bedroom Residential Income
300 Rector Place 8B, Manhattan, NY 10280
For Sale
$699,000
625-square-foot condo with river views, custom interiors, and access to full-service building amenities.
Property Size625 SF
Price / SF$1,118
Days on Market235
Property Features for 300 Rector Place 8B
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
concierge
gym
children's playroom
bike storage
laundry facilities
landscaped courtyard
roof terrace
Building Details
Building Size
Year Built
Listing Agency:
Hauseit LLC
Listed By:
Nick Oliver
(888) 494-8258
Source:
Broadwayrealty
Added: Mar 20
Changed: Nov 7
Last Checked: Nov 8 at 4:09PM
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 Hauseit LLC
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Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath condominium occupies a 625-square-foot residence at 300 Rector Place 8B. The open layout incorporates sliding doors, floor-to-ceiling storage, granite kitchen and bath counters, stone-like tile flooring, high-end appliances, Japanese window shojis, and custom interior details. Multi-zone dimmable lighting and a dedicated home theater system add specialized features to the residence. South-west exposure brings natural light and views toward the river.
The 1987 full-service building provides 24-hour concierge service, elevators, a gym, children’s playroom, bike storage, laundry facilities on each floor, a landscaped courtyard, and a roof terrace. The property is in Battery Park City near the Financial District, esplanade, public transportation, and schools.
The 1987 full-service building provides 24-hour concierge service, elevators, a gym, children’s playroom, bike storage, laundry facilities on each floor, a landscaped courtyard, and a roof terrace. The property is in Battery Park City near the Financial District, esplanade, public transportation, and schools.
Key Highlights
- 1‑bedroom, 1‑bath condo with 625 SF of living space
- South‑west exposure with river views
- Open layout with sliding doors and floor‑to‑ceiling storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,555
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,100
$391.1K
Cap Rate 7%
$279,357
$279.4K
Cap Rate 9%
$217,278
$217.3K
Market Conditions
NOI Build-Up for 625 SF
Gross rent
$37.4K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$35.6K $56.89/SF
− OpEx
−$16.0K −$25.60/SF
NOI
$19.6K $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%
$391,100
Cap Rate 7%
$279,357
Cap Rate 9%
$217,278
Alternative Uses
Best Use
Apartment 5plus
$279.4K
$244.4K – $325.9K
NOI $19,555 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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 - 625-square-foot condo with river views, custom interiors, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 300 Rector Place 8B Manhattan, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath condo with 625 SF of living space; South‑west exposure with river views; Open layout with sliding doors and floor‑to‑ceiling storage
