Updated One-Bedroom Condop with
For Sale
$765,000
333 E 46TH Street 2G, New York City, NY 10017
Oversized one-bedroom, one-bath condop with independent heating and cooling, full-time doorman, and a rooftop deck.
Property Size860 SF
Days on Market76
Property Features for 333 E 46TH Street 2G
General Information
Standard status
Active
Size
860 SF
Property subtype
Apartment
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
full-time doorman
live-in superintendent
on-site laundry facilities
roof deck
Building Details
Building Size
860 SF
Year Built
1959
Tenancy
Single
Listing Agency:
MAllan Real Estate Inc
(646) 258-4460
Listed By:
Maya Allan
(646) 258-4460
Source:
Serhant
Added: May 28
Changed: Aug 9
Last Checked: Aug 10 at 9:31AM
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 MAllan Real Estate Inc
Investment Insights
Based on property information with market context.
Unit 2G at 333 East 46th Street is an oversized, beautifully updated one-bedroom, one-bath condop within a full-service building. The layout is south-facing for year-round natural light, with a massive living area designed for flexible use including lounging, dining, and a home office. Storage is a standout with five closets, including a walk-in closet.
Recent improvements include a refreshed kitchen with brand-new appliances (including a dishwasher) and an updated bathroom renovated just last year. Comfort is provided by independent heating and cooling units in every room. The residence also features a rooftop deck with sweeping, open views of the city skyline and the East River.
The building offers a full-time doorman, a live-in superintendent, and modern on-site laundry facilities. A tenant is in place through August 14, 2027 and cannot vacate prior to lease expiration. Condop ownership requires only a Right of First Refusal, and subletting is permitted from day one. Cats are welcome, and photos are virtually staged.
Year built: 1959.
Recent improvements include a refreshed kitchen with brand-new appliances (including a dishwasher) and an updated bathroom renovated just last year. Comfort is provided by independent heating and cooling units in every room. The residence also features a rooftop deck with sweeping, open views of the city skyline and the East River.
The building offers a full-time doorman, a live-in superintendent, and modern on-site laundry facilities. A tenant is in place through August 14, 2027 and cannot vacate prior to lease expiration. Condop ownership requires only a Right of First Refusal, and subletting is permitted from day one. Cats are welcome, and photos are virtually staged.
Year built: 1959.
Key Highlights
- Oversized, south‑facing one‑bedroom, one‑bath condop with bright, open layout
- Five closets including a walk‑in closet, plus flexible living‑area space
- Kitchen with brand‑new appliances including a dishwasher, and bathroom renovated last year
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
$26,907
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
3.52%
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%
$538,140
$538.1K
Cap Rate 7%
$384,386
$384.4K
Cap Rate 9%
$298,967
$299.0K
Market Conditions
NOI Build-Up for 860 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
$51.5K $59.88/SF
− Vacancy
−$2.6K −$2.99/SF
EGI
$48.9K $56.89/SF
− OpEx
−$22.0K −$25.60/SF
NOI
$26.9K $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%
$538,140
Cap Rate 7%
$384,386
Cap Rate 9%
$298,967
Alternative Uses
Best Use
Apartment 5plus
$384.4K
$336.3K – $448.5K
NOI $26,907 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.50M
NOI $149,846 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Oversized one-bedroom, one-bath condop with independent heating and cooling, full-time doorman, and a rooftop deck.
Where is this residential income property located?
The property is located at 333 E 46TH Street 2G New York City, NY.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Oversized, south‑facing one‑bedroom, one‑bath condop with bright, open layout; Five closets including a walk‑in closet, plus flexible living‑area space; Kitchen with brand‑new appliances including a dishwasher, and bathroom renovated last year
