Residential Income Property with Roof
For Sale
$725,000
333 E 34th Street 9J, New York City, NY 10016
Ninth-floor residence with a renovated bath, tailored storage, and full-service condominium amenities.
Property Size689 SF
Price / SF$1,052
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
Taxes and HOA fees
Annual Taxes
$10,008
Amenities
doorman
concierge
laundry on every other floor
roof deck
garage
bike room
private storage lockers
stainless steel kitchen
granite counter tops
dishwasher
renovated bath
custom California closet
blackout window treatments
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:
Nobleblackandpartners
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 10 at 9:28AM
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.
This 689-square-foot, one-bedroom residence occupies the ninth floor of a 1950-built condominium at 333 E 34th Street in New York City. The layout includes an entry foyer, double-width entry closet, south-facing living room with wall-to-wall windows, dining area, and additional hall storage. The kitchen is fitted with stainless steel appliances, granite countertops, a pantry, and dishwasher. The bedroom includes a custom California closet, while the renovated bath features glass shower doors. Blackout treatments and blinds are installed throughout.
Building services and amenities include a full-time doorman, concierge, laundry on every other floor, a planted roof deck with city and river views, garage, bike room, and private basement storage lockers. The property is identified as a residential income property and is located in the 10016 ZIP code.
Building services and amenities include a full-time doorman, concierge, laundry on every other floor, a planted roof deck with city and river views, garage, bike room, and private basement storage lockers. The property is identified as a residential income property and is located in the 10016 ZIP code.
Key Highlights
- 689 SF one‑bedroom residence on the 9th floor
- South‑facing living room with wall‑to‑wall windows
- Stainless steel kitchen with granite counters, pantry, and dishwasher
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
2.97%
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 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.72M
$1.50M – $2.00M
NOI $120,051 @ 7.0% cap · market cap 16.56%
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 - Ninth-floor residence with a renovated bath, tailored storage, and full-service condominium amenities.
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 $725,000.
What are key features of this property?
This property features: 689 SF one‑bedroom residence on the 9th floor; South‑facing living room with wall‑to‑wall windows; Stainless steel kitchen with granite counters, pantry, and dishwasher
