Residential Income Property with
New
For Sale
$699,000
301 E 45TH Street 2F, New York City, NY 10017
A one-bedroom condominium pairs outdoor space with smart-home features and individually controlled heating and air conditioning.
Property Size700 SF
Price / SF$998.57
Days on Market4
Property Features for 301 E 45TH Street 2F
General Information
Standard status
Active
Size
700 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,704
Amenities
renovated 24-hour attended lobby
live-in superintendent
central card-operated laundry room
bike storage
private/common storage
Building Details
Year Built
1979
Stories
21
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Aaron Meridy
(212) 317-3653
Source:
Lenasimpson
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:14PM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
This approximately 700-square-foot, one-bedroom condominium has a west-facing private terrace, hardwood floors in the main living areas, and storage in both the bedroom and hallway. The kitchen includes stainless steel appliances and ample cabinetry. Recent interior work includes a bathroom renovation and updated casings around the through-wall heating and air-conditioning units. Motorized solar and blackout shades, kitchen lighting, and room-by-room thermostat controls add modern functionality; compatible smart-home devices may remain. The unit is in The Delegate, a 21-story condominium completed in 1979, with a renovated attended lobby, live-in superintendent, two elevators, laundry room, bike storage, and private and shared storage areas.
The building is at 301 East 45th Street in Midtown East, near Grand Central Terminal, the United Nations, the East River, shopping, restaurants, and grocery markets. Nearby transit includes the 4, 5, 6, and 7 subway lines, M15 and M42 buses, and Citi Bike stations. Pets are permitted, and leases must have a minimum term of six months. Investors are welcome.
The building is at 301 East 45th Street in Midtown East, near Grand Central Terminal, the United Nations, the East River, shopping, restaurants, and grocery markets. Nearby transit includes the 4, 5, 6, and 7 subway lines, M15 and M42 buses, and Citi Bike stations. Pets are permitted, and leases must have a minimum term of six months. Investors are welcome.
Key Highlights
- Approximately 700 square feet with one bedroom and a private terrace
- West‑facing exposure and hardwood floors in the main living areas
- Kitchen features stainless steel appliances and generous cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,020
$438.0K
Cap Rate 7%
$312,871
$312.9K
Cap Rate 9%
$243,344
$243.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$41.9K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.8K $56.89/SF
− OpEx
−$17.9K −$25.60/SF
NOI
$21.9K $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%
$438,020
Cap Rate 7%
$312,871
Cap Rate 9%
$243,344
Alternative Uses
Best Use
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,901 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,968 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
55,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom condominium pairs outdoor space with smart-home features and individually controlled heating and air conditioning.
Where is this residential income property located?
The property is located at 301 E 45TH Street 2F 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: Approximately 700 square feet with one bedroom and a private terrace; West‑facing exposure and hardwood floors in the main living areas; Kitchen features stainless steel appliances and generous cabinetry
