Residential Income Property with
330 E 109th Street 2C, New York City, NY 10029
For Sale
$475,000
Pending
One-bedroom condominium with hardwood floors, high ceilings, and a private outdoor terrace in a boutique elevator building.
Property Size638 SF
Days on Market229
Property Features for 330 E 109th Street 2C
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
lobby
fitness center
bike room
rooftop deck
courtyard garden
lounge furniture
video intercom
washer/dryer
private terrace
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Miradorrealestate
Added: Mar 26
Changed: Nov 6
Last Checked: Nov 8 at 12:02PM
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 Bizzarro Agency LLC
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Investment Insights
Based on property information with market context.
This 638-square-foot condominium occupies the second floor of The Aura, an eight-story building completed in 2007. The one-bedroom layout includes a combined living, dining, and kitchen area, hardwood flooring, high ceilings, large windows, and a private terrace facing 109th Street. The kitchen is appointed with stainless steel appliances, quartz countertops, a dishwasher, cabinetry, and a dining island. Additional interior features include a walk-in pantry or closet, a designer bathroom with double sink, tub and shower, and an in-unit Bosch washer and dryer.
Building amenities include a fitness center, bike room, rooftop deck, landscaped courtyard, contemporary lobby, and video intercom. The pet-friendly property is positioned between 1st and 2nd Avenue in East Harlem, a few blocks from Thomas Jefferson Park and near the 6 train, restaurants, bakeries, and bars.
Building amenities include a fitness center, bike room, rooftop deck, landscaped courtyard, contemporary lobby, and video intercom. The pet-friendly property is positioned between 1st and 2nd Avenue in East Harlem, a few blocks from Thomas Jefferson Park and near the 6 train, restaurants, bakeries, and bars.
Key Highlights
- 638‑square‑foot one‑bedroom condominium
- Private terrace overlooking 109th Street
- The Aura is an eight‑story building completed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,330
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,600
$486.6K
Cap Rate 7%
$347,571
$347.6K
Cap Rate 9%
$270,333
$270.3K
Market Conditions
NOI Build-Up for 638 SF
Gross rent
$45.9K $72.00/SF
− Vacancy
−$1.7K −$2.66/SF
EGI
$44.2K $69.34/SF
− OpEx
−$19.9K −$31.20/SF
NOI
$24.3K $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 Rate 5%
$486,600
Cap Rate 7%
$347,571
Cap Rate 9%
$270,333
Alternative Uses
Best Use
Apartment 5plus
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.0K
$390.3K – $520.4K
NOI $31,223 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Paved road access
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
$818,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with hardwood floors, high ceilings, and a private outdoor terrace in a boutique elevator building.
Where is this residential income property located?
The property is located at 330 E 109th Street 2C New York City, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 638‑square‑foot one‑bedroom condominium; Private terrace overlooking 109th Street; The Aura is an eight‑story building completed in 2007
