Renovated One-Bedroom with Southern
For Sale
$640,000
330 3RD Avenue 8H, New York City, NY 10010
Renovated one-bedroom with an open chef’s kitchen, spa bath, solid wood floors, and custom cabinetry with through-the-wall A/C.
Property Size750 SF
Days on Market320
Property Features for 330 3RD Avenue 8H
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
24-hour doorman
laundry facilities
on-site garage
bike room
storage
package room
mail room
Building Details
Building Size
750 SF
Year Built
1964
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 381-4235
Listed By:
Andrew D Saracino
(212) 381-4235
Source:
Tricialee
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 10 at 9:44AM
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.
Renovated one-bedroom residence offering generous proportions and sunny southern light with open city views. The expansive living room allows space for a separate dining area, while the open chef’s kitchen features a dining bar, mission-style oak cabinetry, a large pantry, quartz countertops, a stone backsplash, and stainless steel appliances. The spa-inspired bathroom is finished with classic white subway tile and penny tile floors, plus a deep soaking tub and timeless fixtures.
A king-sized bedroom includes two large closets, one a walk-in, with room for nightstands and dressers. Custom wood cabinetry conceals through-the-wall A/C units, and solid wood floors run throughout. A fitted coat closet completes the entry foyer.
The building, built in 1964, offers 24-hour doorman service and a live-in superintendent. Amenities include a renovated lobby, hallways, package room, mail room, and laundry facilities, along with an on-site garage, bike room, and storage. Pet-friendly policy allows two dogs up to 40 lbs each. Co-purchases and pied-à-terres are permitted, and subletting is allowed after two years up to four years.
A king-sized bedroom includes two large closets, one a walk-in, with room for nightstands and dressers. Custom wood cabinetry conceals through-the-wall A/C units, and solid wood floors run throughout. A fitted coat closet completes the entry foyer.
The building, built in 1964, offers 24-hour doorman service and a live-in superintendent. Amenities include a renovated lobby, hallways, package room, mail room, and laundry facilities, along with an on-site garage, bike room, and storage. Pet-friendly policy allows two dogs up to 40 lbs each. Co-purchases and pied-à-terres are permitted, and subletting is allowed after two years up to four years.
Key Highlights
- Renovated one‑bedroom with sunny southern exposure and open city views
- Open chef’s kitchen with dining bar, mission‑style oak cabinetry, pantry, quartz counters, and stainless steel appliances
- Spa‑inspired bath with white subway tile, penny tile floors, and 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
Lease Details
1
Residential units
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 one-bedroom with an open chef’s kitchen, spa bath, solid wood floors, and custom cabinetry with through-the-wall A/C.
Where is this residential income property located?
The property is located at 330 3RD Avenue 8H New York City, 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 one‑bedroom with sunny southern exposure and open city views; Open chef’s kitchen with dining bar, mission‑style oak cabinetry, pantry, quartz counters, and stainless steel appliances; Spa‑inspired bath with white subway tile, penny tile floors, and deep soaking tub
