Residential Income Property with
For Sale
$467,500
330 E 109TH Street 2A, New York City, NY 10029
One-bedroom condominium residence with private outdoor space, in-unit laundry, and access to boutique building amenities.
Property Size625 SF
Price / SF$748
Days on Market116
Property Features for 330 E 109TH Street 2A
General Information
Standard status
Active
Size
625 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
fitness center
bike storage
garden
Building Details
Building Size
625 SF
Year Built
2007
Stories
8
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 365-8414
Listed By:
Doreen T Fuentes
(212) 365-8414
Source:
Miradorrealestate
Added: May 2
Changed: Aug 23
Last Checked: Aug 24 at 1:04PM
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.
Residence 2A is a one-bedroom, one-bath condominium with 625 square feet of interior space and a 55-square-foot private balcony overlooking a landscaped courtyard. The open living area connects directly to the outdoor space, while hardwood floors, quartz waterfall counters, natural wood cabinetry, and a full appliance package define the interior. A Bosch washer and dryer are located in a dedicated laundry closet, and storage includes an entry double closet plus three floor-to-ceiling bedroom closets.
The Aura is an eight-story condominium completed in 2007 with 28 residences. Building amenities include a fitness center, bike storage, landscaped rear garden, and staffed lobby service. The property is near Thomas Jefferson Park, the East River Esplanade, East River Plaza, and Central Park, with access to the 6 subway line and nearby bus routes. Medical institutions in the surrounding area include Mount Sinai Hospital, Metropolitan Hospital, and Lenox Hill Hospital.
The Aura is an eight-story condominium completed in 2007 with 28 residences. Building amenities include a fitness center, bike storage, landscaped rear garden, and staffed lobby service. The property is near Thomas Jefferson Park, the East River Esplanade, East River Plaza, and Central Park, with access to the 6 subway line and nearby bus routes. Medical institutions in the surrounding area include Mount Sinai Hospital, Metropolitan Hospital, and Lenox Hill Hospital.
Key Highlights
- 625 SF interior with a 55‑square‑foot private balcony
- One‑bedroom, one‑full‑bath condominium residence
- Quartz waterfall countertops and natural wood kitchen cabinetry
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
$23,834
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
5.10%
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%
$476,680
$476.7K
Cap Rate 7%
$340,486
$340.5K
Cap Rate 9%
$264,822
$264.8K
Market Conditions
NOI Build-Up for 625 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
$45.0K $72.00/SF
− Vacancy
−$1.7K −$2.66/SF
EGI
$43.3K $69.34/SF
− OpEx
−$19.5K −$31.20/SF
NOI
$23.8K $38.13/SF
Area
ZIP 10029
Vacancy
3.70%
Lease Rate
$72.00 /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%
$476,680
Cap Rate 7%
$340,486
Cap Rate 9%
$264,822
Alternative Uses
Best Use
Apartment 5plus
$340.5K
$297.9K – $397.2K
NOI $23,834 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,094 @ 7.0% cap · market cap 33.39%
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
6,880
Businesses Nearby
Explore this area
Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium residence with private outdoor space, in-unit laundry, and access to boutique building amenities.
Where is this residential income property located?
The property is located at 330 E 109TH Street 2A New York City, NY.
What is the asking price?
The asking price for this property is $467,500.
What are key features of this property?
This property features: 625 SF interior with a 55‑square‑foot private balcony; One‑bedroom, one‑full‑bath condominium residence; Quartz waterfall countertops and natural wood kitchen cabinetry
