Renovated One-Bedroom Income
330 3RD Avenue 4B, New York City, NY 10010
For Sale
$599,000
Oversized residence with flexible living space, extensive storage, and updated kitchen and bath finishes.
Property Size700 SF
Price / SF$855.71
Days on Market187
Property Features for 330 3RD Avenue 4B
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24-hour doorman
live-in superintendent
renovated hallways
upgraded elevators
updated package and mail rooms
new laundry room
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Stephen Kolka
(845) 709-1184
Source:
Carytamura
Added: May 7
Changed: Oct 31
Last Checked: Nov 8 at 12:41PM
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 renovated one-bedroom residence offers 700 square feet with an expansive 21-foot living and dining room, a proper entry foyer, and five total closets. The layout includes an open kitchen with white cabinetry, stainless steel Samsung appliances, a full-size French-door refrigerator, gas cooking, and counter seating. The king-sized bedroom includes two closets and built-in storage surrounding the windows. Additional features include two newer through-wall GE air-conditioning units with surrounding cabinet storage and a bathroom with a full soaking tub, sliding glass doors, and mirrored medicine cabinet vanity. The home may be converted into a true two-bedroom.
Located at 330 Third Avenue, the residence is near Madison Square Park, Union Square, major subway lines, Think Coffee, a Japanese market, Baruch Plaza, Citi Bike stations, and protected bike lanes. Built in 1964, the 20-story, 206-unit full-service co-op has a 24-hour doorman and live-in superintendent. Recent building upgrades include renovated hallways and lobby areas, upgraded elevators, updated package and mail rooms, and a new laundry room.
Located at 330 Third Avenue, the residence is near Madison Square Park, Union Square, major subway lines, Think Coffee, a Japanese market, Baruch Plaza, Citi Bike stations, and protected bike lanes. Built in 1964, the 20-story, 206-unit full-service co-op has a 24-hour doorman and live-in superintendent. Recent building upgrades include renovated hallways and lobby areas, upgraded elevators, updated package and mail rooms, and a new laundry room.
Key Highlights
- 700 square feet with a 21‑foot living and dining room
- Renovated one‑bedroom layout with potential conversion to a true two‑bedroom
- Open kitchen with Samsung stainless steel appliances, French‑door refrigerator, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
3.66%
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 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 5.72%
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
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Oversized residence with flexible living space, extensive storage, and updated kitchen and bath finishes.
Where is this residential income property located?
The property is located at 330 3RD Avenue 4B New York City, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 700 square feet with a 21‑foot living and dining room; Renovated one‑bedroom layout with potential conversion to a true two‑bedroom; Open kitchen with Samsung stainless steel appliances, French‑door refrigerator, and gas cooking
