Residential Income Property with River
333 RECTOR Place 907, New York City, NY 10280
For Sale
$669,000
High-floor studio residence with a separated sleeping area, open kitchen, and full-size in-unit laundry.
Property Size622 SF
Price / SF$1,075
Days on Market209
Property Features for 333 RECTOR Place 907
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge
fitness center
residents' lounge
children's playroom
business center
bike storage
on-site parking
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Ryan Stenta
(917) 652-2773
Source:
Carlinwright
Added: Apr 15
Changed: Oct 31
Last Checked: Nov 8 at 11:39AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Residence 907 is a 622-square-foot, south-facing studio on a high floor at One Rector Park. The layout includes a defined sleeping area, an ample living zone, an open kitchen with stainless steel Liebherr, Bosch, and Fisher & Paykel appliances, custom built-ins, and a full-size washer and dryer. Newly installed 10-inch European White Oak flooring extends throughout the home, while the oversized bathroom includes a marble vanity and large stall shower. Hudson River views are an additional feature.
The full-service condominium at 333 Rector Place was built in 1985 and provides 24-hour concierge service, a fitness center, residents' lounge, children's playroom, business center, bike storage, and on-site parking. The property is in Battery Park City, with access to the Hudson River Esplanade, Brookfield Place, The Oculus, and multiple transit options, including PATH and several subway lines.
The full-service condominium at 333 Rector Place was built in 1985 and provides 24-hour concierge service, a fitness center, residents' lounge, children's playroom, business center, bike storage, and on-site parking. The property is in Battery Park City, with access to the Hudson River Esplanade, Brookfield Place, The Oculus, and multiple transit options, including PATH and several subway lines.
Key Highlights
- 622 SF south‑facing studio with Hudson River views
- Defined sleeping area and generous living space
- Open kitchen with Liebherr, Bosch, and Fisher & Paykel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,461
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,220
$389.2K
Cap Rate 7%
$278,014
$278.0K
Cap Rate 9%
$216,233
$216.2K
Market Conditions
NOI Build-Up for 622 SF
Gross rent
$37.2K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$35.4K $56.89/SF
− OpEx
−$15.9K −$25.60/SF
NOI
$19.5K $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 Rate 5%
$389,220
Cap Rate 7%
$278,014
Cap Rate 9%
$216,233
Alternative Uses
Best Use
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,461 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.9K
$380.5K – $507.3K
NOI $30,440 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
23,291
Businesses Nearby
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Business Placement
Demographics for 10280, NY
8,993
Population
5,015
Households
1.8
Avg Household Size
38
Median Age
90%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
89,930
Density / Sq Mi
$206,250
Median Household Income
$131,677
Median Earnings
$3,501
Median Rent
$893,800
Median Home Value
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Market
Average Price Trend$/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 - High-floor studio residence with a separated sleeping area, open kitchen, and full-size in-unit laundry.
Where is this residential income property located?
The property is located at 333 RECTOR Place 907 New York City, NY.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 622 SF south‑facing studio with Hudson River views; Defined sleeping area and generous living space; Open kitchen with Liebherr, Bosch, and Fisher & Paykel appliances
