One-Bedroom Residential Income
For Sale
$699,000
300 Rector Place 8B, New York City, NY 10280
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 Market171
Property Features for 300 Rector Place 8B
General Information
Standard status
Active
Size
625 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,208
Amenities
concierge
gym
children's playroom
bike storage
laundry facilities
landscaped courtyard
roof terrace
Building Details
Building Size
625 SF
Year Built
1987
Listing Agency:
Hauseit LLC
Listed By:
Nick Oliver
(888) 494-8258
Source:
Carlinwright
Added: Mar 20
Changed: Sep 4
Last Checked: Sep 5 at 5:57AM
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
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 = 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
$19,555
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
2.80%
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%
$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
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
$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 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%
$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
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $108,900 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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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 New York City, 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
