Residential Income Property with Skyline
630 1st Avenue 18G, New York City, NY 10016
For Sale
$799,000
Sunlit high-rise residence with renovated interiors and extensive condominium amenities, including concierge service, fitness facilities, and rooftop recreation.
Property Size727 SF
Price / SF$1,099
Days on Market147
Property Features for 630 1st Avenue 18G
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge
fitness center
swimming pool
jacuzzi
steam room
sauna
roof decks
indoor jogging track
wifi-enabled resident lounge
bike room
storage cages
children's playroom
laundry room
valet
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Bobby Rehani
(212) 627-7800
Source:
Philipscheinfeld
Added: Jun 16
Changed: Nov 7
Last Checked: Nov 8 at 3:50PM
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 Compass
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Investment Insights
Based on property information with market context.
This 727-square-foot residence at 630 1st Avenue occupies the 18G unit in a high-rise condominium completed in 1984. The interior includes hardwood floors, oversized double-pane windows, generous closet storage, a renovated kitchen with dishwasher and other appliances, and an updated Italian marble bathroom. The home faces Midtown Manhattan and the Empire State Building, with skyline views from each room.
Building amenities include 24-hour concierge service, a rooftop fitness center, swimming pool, jacuzzi, steam room, sauna, indoor jogging track, two roof decks, and a resident lounge with Wi-Fi and piano. Additional facilities include a bike room, storage cages, children's playroom, attached garage, laundry room, valet service, and an on-site café.
The property is near supermarkets, restaurants, bars, cafés, the East River esplanade, ferry service, and St. Vartan's Park. The building lobby has been renovated with new high-speed elevators and updated marble and dark wood finishes.
Building amenities include 24-hour concierge service, a rooftop fitness center, swimming pool, jacuzzi, steam room, sauna, indoor jogging track, two roof decks, and a resident lounge with Wi-Fi and piano. Additional facilities include a bike room, storage cages, children's playroom, attached garage, laundry room, valet service, and an on-site café.
The property is near supermarkets, restaurants, bars, cafés, the East River esplanade, ferry service, and St. Vartan's Park. The building lobby has been renovated with new high-speed elevators and updated marble and dark wood finishes.
Key Highlights
- 727‑square‑foot residence in the 18G unit at 630 1st Avenue
- Views toward Midtown Manhattan and the Empire State Building from every room
- Renovated kitchen with dishwasher and updated Italian marble bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,746
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,920
$454.9K
Cap Rate 7%
$324,943
$324.9K
Cap Rate 9%
$252,733
$252.7K
Market Conditions
NOI Build-Up for 727 SF
Gross rent
$43.5K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$41.4K $56.89/SF
− OpEx
−$18.6K −$25.60/SF
NOI
$22.7K $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%
$454,920
Cap Rate 7%
$324,943
Cap Rate 9%
$252,733
Alternative Uses
Best Use
Apartment 5plus
$324.9K
$284.3K – $379.1K
NOI $22,746 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.3K
$444.7K – $593.0K
NOI $35,578 @ 7.0% cap · market cap 4.45%
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
42,071
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Sunlit high-rise residence with renovated interiors and extensive condominium amenities, including concierge service, fitness facilities, and rooftop recreation.
Where is this residential income property located?
The property is located at 630 1st Avenue 18G New York City, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 727‑square‑foot residence in the 18G unit at 630 1st Avenue; Views toward Midtown Manhattan and the Empire State Building from every room; Renovated kitchen with dishwasher and updated Italian marble bathroom
