Residential Income Property with River
For Sale
$850,000
630 1st Avenue 14P, New York City, NY 10016
The 780-square-foot home includes hardwood floors, a dishwasher-equipped kitchen, and an updated marble bathroom.
Property Size780 SF
Price / SF$1,089
Days on Market20
Property Features for 630 1st Avenue 14P
General Information
Standard status
Active
Size
780 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$14,568
Amenities
24 hour concierge
rooftop amenity space
fitness center
swimming pool
jacuzzi
steam room
sauna
2 roof decks
indoor jogging track
wifi-enabled resident lounge
piano
bike room
storage cages
children's playroom
attached garage
laundry room
valet
Building Details
Building Size
780 SF
Year Built
1984
Listing Agency:
Compass
Listed By:
Bobby Rehani
(212) 627-7800
Source:
Nobleblackandpartners
Added: Oct 16
Changed: Oct 31
Last Checked: Nov 3 at 1:17PM
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
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This 780-square-foot residence at 630 1st Avenue has hardwood flooring, extensive closet space, and oversized double-pane windows with views toward Long Island City and the East River. The kitchen includes a dishwasher, and the bathroom is finished in Italian marble. The building was constructed in 1984.
Residents have access to a 24-hour concierge and rooftop amenities that include a fitness center, swimming pool, jacuzzi, steam room, sauna, indoor jogging track, two roof decks, and a lounge. Additional building features include a bike room, storage cages, a children’s playroom, an attached garage, laundry facilities, and valet service. The lobby and elevators have been remodeled.
A cafe is attached to the building, and supermarkets, bars, cafes, and the East River esplanade are nearby. Ferry service operates from a dock one block away, and St. Vartan’s Park is also one block away, with a playground, picnic area, basketball court, and tennis section.
Residents have access to a 24-hour concierge and rooftop amenities that include a fitness center, swimming pool, jacuzzi, steam room, sauna, indoor jogging track, two roof decks, and a lounge. Additional building features include a bike room, storage cages, a children’s playroom, an attached garage, laundry facilities, and valet service. The lobby and elevators have been remodeled.
A cafe is attached to the building, and supermarkets, bars, cafes, and the East River esplanade are nearby. Ferry service operates from a dock one block away, and St. Vartan’s Park is also one block away, with a playground, picnic area, basketball court, and tennis section.
Key Highlights
- 780‑square‑foot residence with oversized double‑pane windows and views toward Long Island City and the East River
- Hardwood floors, generous closet space, dishwasher‑equipped kitchen, and Italian marble bathroom
- Building constructed in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,404
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,080
$488.1K
Cap Rate 7%
$348,629
$348.6K
Cap Rate 9%
$271,156
$271.2K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$46.7K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$44.4K $56.89/SF
− OpEx
−$20.0K −$25.60/SF
NOI
$24.4K $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%
$488,080
Cap Rate 7%
$348,629
Cap Rate 9%
$271,156
Alternative Uses
Best Use
Apartment 5plus
$348.6K
$305.1K – $406.7K
NOI $24,404 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.27M
NOI $135,907 @ 7.0% cap · market cap 15.99%
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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Frequently Asked Questions
What type of property is this?
Residential income property - The 780-square-foot home includes hardwood floors, a dishwasher-equipped kitchen, and an updated marble bathroom.
Where is this residential income property located?
The property is located at 630 1st Avenue 14P New York City, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 780‑square‑foot residence with oversized double‑pane windows and views toward Long Island City and the East River; Hardwood floors, generous closet space, dishwasher‑equipped kitchen, and Italian marble bathroom; Building constructed in 1984
