Residential Income Property with River
630 1st Avenue 19-S, Manhattan, NY 10016
For Sale
$749,000
Pending
A 19th-floor residence at Manhattan Place includes access to a pool, fitness center, sauna, and indoor running track.
Property Size700 SF
Days on Market8
Property Features for 630 1st Avenue 19-S
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
fitness center
sauna
indoor running track
entertainment lounge
sundeck
onsite garage
central laundry room
Building Details
Building Size
Year Built
Listing Agency:
R New York
Listed By:
Sonia Rehani
(917) 686-9656
Source:
Serhant
Added: Nov 2
Changed: Nov 9
Last Checked: Nov 8 at 4:23PM
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 R New York
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 700-square-foot residence occupies the 19th floor of Manhattan Place Condominium, a full-service building completed in 1985. The home has river views. Building amenities include a swimming pool, fitness center, sauna, indoor running track, entertainment lounge, and two sundecks. Residents also have access to an onsite garage and central laundry room.
The property is at 630 1st Avenue in Manhattan. Building staff is available to residents.
The property is at 630 1st Avenue in Manhattan. Building staff is available to residents.
Key Highlights
- 700‑square‑foot residence on the 19th floor
- River views
- Manhattan Place Condominium was built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,020
$438.0K
Cap Rate 7%
$312,871
$312.9K
Cap Rate 9%
$243,344
$243.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$41.9K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.8K $56.89/SF
− OpEx
−$17.9K −$25.60/SF
NOI
$21.9K $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 Rate 5%
$438,020
Cap Rate 7%
$312,871
Cap Rate 9%
$243,344
Alternative Uses
Best Use
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,901 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
42,071
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
$928,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - A 19th-floor residence at Manhattan Place includes access to a pool, fitness center, sauna, and indoor running track.
Where is this residential income property located?
The property is located at 630 1st Avenue 19-S Manhattan, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 700‑square‑foot residence on the 19th floor; River views; Manhattan Place Condominium was built in 1985
