9th-Floor One-Bedroom Condo in
For Sale
$749,000
333 E 34th Street 9J, New York City, NY 10016
One-bedroom condo on the 9th floor with doorman, concierge, garage, and a planted roof deck.
Property Size689 SF
Days on Market60
Property Features for 333 E 34th Street 9J
General Information
Standard status
Active
Size
689 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Amenities
doorman
concierge
laundry on every other floor
roof deck
garage
bike room
private storage lockers
Building Details
Building Size
689 SF
Year Built
1950
Listing Agency:
Living New York
(212) 760-2690
Listed By:
Kevin M Seaman
(212) 760-2690
Source:
Tricialee
Added: Jun 12
Changed: Jul 30
Last Checked: Aug 10 at 9:16AM
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 Living New York
Investment Insights
Based on property information with market context.
333 E 34th Street, Unit 9J, is a spacious one-bedroom condo on the 9th floor at The Devon, a luxury building with full-time doorman and concierge service. Inside, the layout includes a large entry foyer with a massive double-wide closet, a stainless steel kitchen with granite countertops, a pantry, and a dishwasher, and a huge south-facing living room with wall-to-wall windows and room for a separate dining area. The renovated bathroom features glass shower doors. The king-sized bedroom offers a custom California closet, custom blackout window treatments and blinds, and an additional hall closet for extra storage.
The building amenities include a gorgeously planted roof deck with sweeping city and river views, a garage, a bike room, and private storage lockers in the basement. Laundry is available on every other floor.
Built in 1950, The Devon combines residential comfort with everyday convenience for owners seeking a full-service condo building.
The building amenities include a gorgeously planted roof deck with sweeping city and river views, a garage, a bike room, and private storage lockers in the basement. Laundry is available on every other floor.
Built in 1950, The Devon combines residential comfort with everyday convenience for owners seeking a full-service condo building.
Key Highlights
- 9th‑floor one‑bedroom condo at The Devon
- South‑facing living room with wall‑to‑wall windows
- Renovated bathroom with glass shower doors
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
$21,557
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
2.88%
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%
$431,140
$431.1K
Cap Rate 7%
$307,957
$308.0K
Cap Rate 9%
$239,522
$239.5K
Market Conditions
NOI Build-Up for 689 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
$41.3K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.2K $56.89/SF
− OpEx
−$17.6K −$25.60/SF
NOI
$21.6K $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%
$431,140
Cap Rate 7%
$307,957
Cap Rate 9%
$239,522
Alternative Uses
Best Use
Apartment 5plus
$308.0K
$269.5K – $359.3K
NOI $21,557 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.72M
$1.50M – $2.00M
NOI $120,051 @ 7.0% cap · market cap 16.03%
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
32,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condo on the 9th floor with doorman, concierge, garage, and a planted roof deck.
Where is this residential income property located?
The property is located at 333 E 34th Street 9J New York City, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 9th‑floor one‑bedroom condo at The Devon; South‑facing living room with wall‑to‑wall windows; Renovated bathroom with glass shower doors
