Residential Income Property with
321 E 45TH Street 10A, Manhattan, NY 10017
For Sale
$340,000
A studio residence combines a sleeping alcove, separate kitchen, built-in storage, and access to full-service building amenities.
Property Size400 SF
Price / SF$850
Days on Market28
Property Features for 321 E 45TH Street 10A
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
furnished rooftop
central laundry
private storage
doorman
Building Details
Building Size
Year Built
Listing Agency:
The Agency Brokerage
Listed By:
Tami Lynn Kurtz
(212) 235-1123
Source:
Nobleblackandpartners
Added: Oct 13
Changed: Nov 6
Last Checked: Nov 8 at 2:36PM
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 The Agency Brokerage
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Investment Insights
Based on property information with market context.
This studio residence features a distinct sleeping alcove, a windowed kitchen with stainless steel appliances and wood cabinetry, hardwood floors, custom built-ins, and a closet with frosted glass doors. A broad counter beneath the windows can serve as dining or work space. The building provides doorman service, a furnished rooftop with river and skyline views, central laundry, and private storage.
The property is in Turtle Bay, within walking distance of Grand Central, the United Nations, neighborhood parks, restaurants, markets, and multiple subway and bus lines. Cats are permitted, as are pied-à-terre use, subletting, co-purchasing, parental purchases, guarantors, and gifting.
The property is in Turtle Bay, within walking distance of Grand Central, the United Nations, neighborhood parks, restaurants, markets, and multiple subway and bus lines. Cats are permitted, as are pied-à-terre use, subletting, co-purchasing, parental purchases, guarantors, and gifting.
Key Highlights
- Studio layout includes a separate sleeping alcove and windowed kitchen
- Doorman building with furnished rooftop, central laundry, and private storage
- Rooftop offers river and skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,515
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,300
$250.3K
Cap Rate 7%
$178,786
$178.8K
Cap Rate 9%
$139,056
$139.1K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$24.0K $59.88/SF
− Vacancy
−$1.2K −$2.99/SF
EGI
$22.8K $56.89/SF
− OpEx
−$10.2K −$25.60/SF
NOI
$12.5K $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%
$250,300
Cap Rate 7%
$178,786
Cap Rate 9%
$139,056
Alternative Uses
Best Use
Apartment 5plus
$178.8K
$156.4K – $208.6K
NOI $12,515 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.6K
$244.7K – $326.3K
NOI $19,575 @ 7.0% cap · market cap 5.76%
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
4,500
Businesses Nearby
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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
$808,200
Median Home Value
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Market
Average Price Trend$/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 - A studio residence combines a sleeping alcove, separate kitchen, built-in storage, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 321 E 45TH Street 10A Manhattan, NY.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Studio layout includes a separate sleeping alcove and windowed kitchen; Doorman building with furnished rooftop, central laundry, and private storage; Rooftop offers river and skyline views
