Residential Income Property with Updated
For Sale
$675,000
330 3RD Avenue 9A, New York City, NY 10010
Flexible junior-four residence with renovated finishes, generous storage, and access to full-service building amenities.
Property Size850 SF
Days on Market128
Property Features for 330 3RD Avenue 9A
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Units
Unit Mix
1 x junior four
Multifamily Units
1
Amenities
24-hour doorman
live-in superintendent
renovated lobby
new laundry facilities
on-site garage
bike room
storage
pet-friendly
Building Details
Building Size
850 SF
Year Built
1964
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 381-4235
Listed By:
Andrew D Saracino
(212) 381-4235
Source:
Serhant
Added: Apr 9
Changed: Aug 13
Last Checked: Aug 13 at 11:57AM
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 residential income property is configured as an oversized junior-four residence with a flexible layout that can accommodate a second bedroom or home office. The expansive living room supports separate living and entertaining areas, while the dining alcove adds functional versatility. The renovated kitchen includes maple cabinetry, quartz countertops, and stainless steel appliances. A remodeled bathroom offers modern fixtures and a deep soaking tub, and the primary bedroom provides room for additional furnishings. Closet and storage space are distributed throughout the unit.
The property is located at 330 3RD Avenue 9A in New York City. The 1964 building features a 24-hour doorman, live-in superintendent, renovated common areas, updated laundry facilities, an on-site garage, bike room, and storage. Pets are permitted, including up to two dogs weighing 40 lbs each. Co-purchases and pied-à-terres are allowed, while subletting is permitted after two years for up to four years.
The property is located at 330 3RD Avenue 9A in New York City. The 1964 building features a 24-hour doorman, live-in superintendent, renovated common areas, updated laundry facilities, an on-site garage, bike room, and storage. Pets are permitted, including up to two dogs weighing 40 lbs each. Co-purchases and pied-à-terres are allowed, while subletting is permitted after two years for up to four years.
Key Highlights
- Oversized junior‑four layout with convertible second‑bedroom or home‑office flexibility
- Renovated kitchen with maple cabinetry, quartz countertops, and stainless steel appliances
- Updated bathroom with modern fixtures 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
$26,594
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
3.94%
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%
$531,880
$531.9K
Cap Rate 7%
$379,914
$379.9K
Cap Rate 9%
$295,489
$295.5K
Market Conditions
NOI Build-Up for 850 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
$50.9K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$48.4K $56.89/SF
− OpEx
−$21.8K −$25.60/SF
NOI
$26.6K $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%
$531,880
Cap Rate 7%
$379,914
Cap Rate 9%
$295,489
Alternative Uses
Best Use
Apartment 5plus
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 21.94%
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 - Flexible junior-four residence with renovated finishes, generous storage, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 330 3RD Avenue 9A New York City, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Oversized junior‑four layout with convertible second‑bedroom or home‑office flexibility; Renovated kitchen with maple cabinetry, quartz countertops, and stainless steel appliances; Updated bathroom with modern fixtures and a deep soaking tub
