Residential Income Property with Studio
353 E 104TH Street 7E, Manhattan, NY 10029
For Sale
$399,000
Bright studio unit with in-unit Bosch washer and dryer and GE stainless appliances in a LEED-registered building.
Property Size425 SF
Price / SF$938.82
Days on Market111
Property Features for 353 E 104TH Street 7E
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
part-time doorman
live-in superintendent
private storage bin
fitness center
landscaped rooftop deck
in-unit washer/dryer
cable and internet included
GE stainless steel appliances
dishwasher
Building Details
Building Size
Year Built
Listing Agency:
The Agency Brokerage
Listed By:
Virginia Sabio
(917) 325-8147
Source:
Bondnyre
Added: Jul 22
Changed: Oct 31
Last Checked: Nov 8 at 1:07PM
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 The Agency Brokerage
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Investment Insights
Based on property information with market context.
Well-suited for tenants seeking a comfortable, light-filled layout, this studio unit features a high beamed ceiling and a dramatic wall of windows. The unit includes three closets for storage, a kitchen area with GE stainless steel appliances, a dishwasher, and a sleek glass tile backsplash, plus a modern bathroom with Kohler fixtures. Convenience is built in with an in-unit Bosch washer and dryer, and cable and internet included.
Set within the Observatory Place condominium building, residents can use a part-time doorman, a live-in superintendent, a private storage bin, a fitness center, and a landscaped rooftop deck with panoramic city and river views. The building is LEED-registered and was built in 2007-2008.
The property is identified as 353 E 104th Street apt 7E, with a listed size of 425.
Set within the Observatory Place condominium building, residents can use a part-time doorman, a live-in superintendent, a private storage bin, a fitness center, and a landscaped rooftop deck with panoramic city and river views. The building is LEED-registered and was built in 2007-2008.
The property is identified as 353 E 104th Street apt 7E, with a listed size of 425.
Key Highlights
- Studio unit with high beamed ceiling and a wall of windows
- In‑unit Bosch washer and dryer plus cable and internet included
- GE stainless steel appliances, dishwasher, and glass tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,207
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,140
$324.1K
Cap Rate 7%
$231,529
$231.5K
Cap Rate 9%
$180,078
$180.1K
Market Conditions
NOI Build-Up for 425 SF
Gross rent
$30.6K $72.00/SF
− Vacancy
−$1.1K −$2.66/SF
EGI
$29.5K $69.34/SF
− OpEx
−$13.3K −$31.20/SF
NOI
$16.2K $38.13/SF
Area
ZIP 10029
Vacancy
3.70%
Lease Rate
$72.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,140
Cap Rate 7%
$231,529
Cap Rate 9%
$180,078
Alternative Uses
Best Use
Apartment 5plus
$231.5K
$202.6K – $270.1K
NOI $16,207 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.1K
$260.0K – $346.7K
NOI $20,799 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Bright studio unit with in-unit Bosch washer and dryer and GE stainless appliances in a LEED-registered building.
Where is this residential income property located?
The property is located at 353 E 104TH Street 7E Manhattan, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Studio unit with high beamed ceiling and a wall of windows; In‑unit Bosch washer and dryer plus cable and internet included; GE stainless steel appliances, dishwasher, and glass tile backsplash
