Residential Income Property with Alcove
350 E 30TH Street 3F, New York City, NY 10016
For Sale
$529,999
Condominium residence offers a windowed kitchen, private sleeping alcove, and dressing-area closet.
Property Size500 SF
Price / SF$1,059
Days on Market110
Property Features for 350 E 30TH Street 3F
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
live-in super
central laundry room
impressive lobby
separate storage downstairs
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Joseph Peraino
(646) 648-2986
Source:
Carlinwright
Added: Jul 23
Changed: Oct 31
Last Checked: Nov 8 at 1:18PM
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 3F is a renovated 500-square-foot condominium unit configured as an oversized alcove studio. The layout includes a distinct sleeping alcove, windowed kitchen, windowed bathroom, walk-in closet, and dressing area. Updates have been completed throughout the apartment.
The building at 350 E 30TH Street was constructed in 1956 and provides a 24-hour doorman, live-in superintendent, elevator, central laundry room, and lobby. Separate storage is available downstairs, with a garage next door. The property is near Trader Joe’s, Fairway Market, Madison Square Park, Equinox, shops, and restaurants. Access to the Lexington Avenue subway lines, Grand Central Terminal, and the FDR Drive is also nearby.
The building at 350 E 30TH Street was constructed in 1956 and provides a 24-hour doorman, live-in superintendent, elevator, central laundry room, and lobby. Separate storage is available downstairs, with a garage next door. The property is near Trader Joe’s, Fairway Market, Madison Square Park, Equinox, shops, and restaurants. Access to the Lexington Avenue subway lines, Grand Central Terminal, and the FDR Drive is also nearby.
Key Highlights
- 500‑square‑foot renovated alcove studio condominium residence
- Large private sleeping alcove provides distinct separation within the studio layout
- Windowed kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,644
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,880
$312.9K
Cap Rate 7%
$223,486
$223.5K
Cap Rate 9%
$173,822
$173.8K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$29.9K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$28.4K $56.89/SF
− OpEx
−$12.8K −$25.60/SF
NOI
$15.6K $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 Rate 5%
$312,880
Cap Rate 7%
$223,486
Cap Rate 9%
$173,822
Alternative Uses
Best Use
Apartment 5plus
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.6K
$305.9K – $407.8K
NOI $24,469 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
57,593
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
$928,400
Median Home Value
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Market
Average Price Trend$/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 - Condominium residence offers a windowed kitchen, private sleeping alcove, and dressing-area closet.
Where is this residential income property located?
The property is located at 350 E 30TH Street 3F New York City, NY.
What is the asking price?
The asking price for this property is $529,999.
What are key features of this property?
This property features: 500‑square‑foot renovated alcove studio condominium residence; Large private sleeping alcove provides distinct separation within the studio layout; Windowed kitchen and bathroom
