Renovated Residential Income
330 3RD Avenue 14L, Manhattan, NY 10010
For Sale
$450,000
Flexible alcove studio with updated finishes, dedicated storage, and full-service building amenities.
Property Size600 SF
Price / SF$750
Days on Market95
Property Features for 330 3RD Avenue 14L
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24-hour attended lobby
live-in superintendent
package room
mail room
laundry facilities
on-site garage
bike room
private storage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Andrew D Saracino
(212) 381-4235
Source:
Thethomas
Added: Aug 7
Changed: Nov 9
Last Checked: Nov 8 at 1:52PM
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
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Investment Insights
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This 600-square-foot renovated alcove studio offers a versatile interior arrangement with room for living, sleeping, dining, and work-from-home areas. The entry foyer can accommodate a home office and separate dining space, while the main room provides additional flexibility. The kitchen includes shaker cabinetry, stainless steel appliances, quartz countertops, subway tile backsplash, and under-cabinet lighting. The bathroom features marble tile and a mirrored medicine cabinet. Three custom-fitted closets, including a walk-in closet, and refinished parquet flooring add storage and utility.
The 1964 building provides a 24-hour attended lobby, live-in superintendent, on-site garage, bike room, private storage, package room, mail room, and laundry facilities. Common areas including the lobby, hallways, package room, mail room, and laundry facilities have been renovated. Ownership policies permit co-purchases, pied-à-terres, and up to two dogs weighing no more than 40 lbs. each. Subletting is allowed after two years of ownership for up to four years.
The 1964 building provides a 24-hour attended lobby, live-in superintendent, on-site garage, bike room, private storage, package room, mail room, and laundry facilities. Common areas including the lobby, hallways, package room, mail room, and laundry facilities have been renovated. Ownership policies permit co-purchases, pied-à-terres, and up to two dogs weighing no more than 40 lbs. each. Subletting is allowed after two years of ownership for up to four years.
Key Highlights
- 600‑square‑foot renovated oversized alcove studio
- Flexible layout with living, sleeping, dining, and work‑from‑home areas
- Kitchen with shaker cabinetry, stainless steel appliances, quartz counters, and under‑cabinet lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,772
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,440
$375.4K
Cap Rate 7%
$268,171
$268.2K
Cap Rate 9%
$208,578
$208.6K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$35.9K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.1K $56.89/SF
− OpEx
−$15.4K −$25.60/SF
NOI
$18.8K $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%
$375,440
Cap Rate 7%
$268,171
Cap Rate 9%
$208,578
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
49,216
Businesses Nearby
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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
$1,037,900
Median Home Value
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Market
Average Price Trend$/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 - Flexible alcove studio with updated finishes, dedicated storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 330 3RD Avenue 14L Manhattan, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 600‑square‑foot renovated oversized alcove studio; Flexible layout with living, sleeping, dining, and work‑from‑home areas; Kitchen with shaker cabinetry, stainless steel appliances, quartz counters, and under‑cabinet lighting
