Renovated One-Bedroom
For Sale
$640,000
330 3RD AVE, New York, NY 10010
Renovated oversized one-bedroom with southern exposure, deep soaking tub, and a chef’s kitchen with quartz counters.
Property Size750 SF
Price / SF$853.33
Days on Market337
Property Features for 330 3RD AVE
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Amenities
A/C - Other
Elevator
3
No Fence
No Parking.
City
None.
Building Details
Year Built
1964
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 906-9234
Listed By:
Andrew Saracino
(212) 381-4235
Source:
Xome
Added: Sep 8, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:04AM
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 beautifully updated oversized one-bedroom offers generous living space with sunny southern exposure and open city views. The expansive living room accommodates a separate dining area and flexible work-from-home setup. The open chef’s kitchen includes a dining bar, mission-style oak cabinetry, a large pantry, quartz countertops, a stone backsplash, and stainless steel appliances. A spa-inspired bathroom features classic white subway tile, penny tile floors, a deep soaking tub, and timeless fixtures. The king-sized bedroom includes two large closets, including a walk-in, with room for bedroom furnishings. Throughout, you’ll find solid wood floors and custom wood cabinetry that conceals through-the-wall A/C units, plus a fitted coat closet in the entry foyer.
The residence is located at 330 3rd Ave Unit 330 in New York, NY 10010. Building amenities include a 24-hour doorman, a live-in superintendent, renovated lobby and common areas, package and mail rooms, and laundry facilities. On-site garage, bike room, and storage are also available, and the building is pet-friendly. Co-purchases and pied-à-terres are permitted, and subletting is allowed after two years (up to four years).
The residence is located at 330 3rd Ave Unit 330 in New York, NY 10010. Building amenities include a 24-hour doorman, a live-in superintendent, renovated lobby and common areas, package and mail rooms, and laundry facilities. On-site garage, bike room, and storage are also available, and the building is pet-friendly. Co-purchases and pied-à-terres are permitted, and subletting is allowed after two years (up to four years).
Key Highlights
- Renovated oversized one‑bedroom with southern light and city views
- Chef’s kitchen with mission‑style oak cabinetry, large pantry, quartz countertops, stone backsplash, and stainless steel appliances
- Spa‑inspired bathroom with white subway tile, penny tile floors, and a deep soaking tub
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
$23,465
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
3.67%
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%
$469,300
$469.3K
Cap Rate 7%
$335,214
$335.2K
Cap Rate 9%
$260,722
$260.7K
Market Conditions
NOI Build-Up for 750 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
$44.9K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.7K $56.89/SF
− OpEx
−$19.2K −$25.60/SF
NOI
$23.5K $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 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%
$469,300
Cap Rate 7%
$335,214
Cap Rate 9%
$260,722
Alternative Uses
Best Use
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 20.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
49,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 10010, NY
33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated oversized one-bedroom with southern exposure, deep soaking tub, and a chef’s kitchen with quartz counters.
Where is this residential income property located?
The property is located at 330 3RD AVE New York, NY.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Renovated oversized one‑bedroom with southern light and city views; Chef’s kitchen with mission‑style oak cabinetry, large pantry, quartz countertops, stone backsplash, and stainless steel appliances; Spa‑inspired bathroom with white subway tile, penny tile floors, and a deep soaking tub
