Residential Income Property with
For Sale
$525,000
330 E 109TH Street 5B, New York City, NY 10029
High-floor one-bedroom residence with an open kitchen, private outdoor space, and in-unit laundry.
Property Size626 SF
Days on Market18
Property Features for 330 E 109TH Street 5B
General Information
Standard status
Active
Size
626 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,068
Amenities
private terrace
in-unit washer/dryer
gym
bike storage
common garden
video intercom
Building Details
Building Size
626 SF
Year Built
2007
Listing Agency:
Corcoran Group
Listed By:
Victoria Lee Reichelt
(917) 226-9597
Source:
Serhant
Added: Sep 14
Changed: Sep 29
Last Checked: Sep 30 at 4:53PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Residence 5B is a high-floor, one-bedroom property in a 2007 condominium building. The interior includes an open kitchen with breakfast counter and full-size appliances, a living room connected to a private terrace, a king-size bedroom with two exposures and custom closets, and a bathroom with a soaking tub and rain shower. Wide-plank oak flooring, high ceilings, oversized windows, and an in-unit washer and dryer complete the layout.
The building provides a fitness center, bicycle storage, shared garden, and video intercom. Located at 330 E 109TH Street in New York City, the property is near the 6 and Q subway lines, neighborhood parks, the East River Esplanade, Central Park, cafes, and cultural venues.
The building provides a fitness center, bicycle storage, shared garden, and video intercom. Located at 330 E 109TH Street in New York City, the property is near the 6 and Q subway lines, neighborhood parks, the East River Esplanade, Central Park, cafes, and cultural venues.
Key Highlights
- One‑bedroom residence with private terrace and open views
- Open kitchen with breakfast counter and full‑size appliances
- King‑size bedroom with two exposures and custom closets
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
$23,872
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
4.55%
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%
$477,440
$477.4K
Cap Rate 7%
$341,029
$341.0K
Cap Rate 9%
$265,244
$265.2K
Market Conditions
NOI Build-Up for 626 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
$45.1K $72.00/SF
− Vacancy
−$1.7K −$2.66/SF
EGI
$43.4K $69.34/SF
− OpEx
−$19.5K −$31.20/SF
NOI
$23.9K $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%
$477,440
Cap Rate 7%
$341,029
Cap Rate 9%
$265,244
Alternative Uses
Best Use
Apartment 5plus
$341.0K
$298.4K – $397.9K
NOI $23,872 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.61M
NOI $156,344 @ 7.0% cap · market cap 29.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - High-floor one-bedroom residence with an open kitchen, private outdoor space, and in-unit laundry.
Where is this residential income property located?
The property is located at 330 E 109TH Street 5B New York City, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: One‑bedroom residence with private terrace and open views; Open kitchen with breakfast counter and full‑size appliances; King‑size bedroom with two exposures and custom closets
