Renovated Residential Income
New
For Lease
$3,999/Mo
398 3rd Avenue, New York, NY 10016
Commercial Sale, New York, NY
Space SizeContact for details
Days on Market2
Property Features for 398 3rd Avenue
General Information
Property type
Commercial Lease
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Subdivision
Kips Bay
High school district
000000
Standard status
Active
Size
600 SF
Amenities
well-maintained walk-up building
pet-friendly
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Mohaby Jerome
(646) 741-1185
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 18 at 10:06AM
MLS# 11989103
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 600-square-foot residential income property is a newly renovated one-bedroom apartment at 398 3rd Avenue in New York. The layout includes hardwood flooring, high ceilings, a modern kitchen with marble countertops, stainless steel appliances, and a dishwasher. An in-unit washer and dryer add everyday convenience, while the bathroom includes a bathtub and updated finishes.
The apartment is located in Kips Bay within a maintained walk-up building that welcomes pets. A train station is two blocks away, with public transportation access nearby. Whole Foods, Trader Joe’s, Madison Square Park, restaurants, cafés, and shopping are also within the surrounding area.
The apartment is located in Kips Bay within a maintained walk-up building that welcomes pets. A train station is two blocks away, with public transportation access nearby. Whole Foods, Trader Joe’s, Madison Square Park, restaurants, cafés, and shopping are also within the surrounding area.
Key Highlights
- 600‑square‑foot one‑bedroom apartment
- Recently renovated with hardwood floors and high ceilings
- Kitchen with marble countertops, stainless steel appliances, and dishwasher
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
47,365
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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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom apartment with updated finishes, in-unit laundry, and convenient access to transit, dining, shopping, and Madison Square Park.
Where is this residential income property located?
The property is located at 398 3rd Avenue New York, NY.
What is the lease rate?
The lease rate is $3,999/Mo.
What are key features of this property?
This property features: 600‑square‑foot one‑bedroom apartment; Recently renovated with hardwood floors and high ceilings; Kitchen with marble countertops, stainless steel appliances, and dishwasher
