Residential Income Property with Private
For Sale
$730,000
80 JOHN Street 12A, New York City, NY 10038
Updated one-bedroom residence with indoor-outdoor living, oversized windows, and full-service condominium amenities.
Property Size667 SF
Price / SF$1,094
Days on Market40
Property Features for 80 JOHN Street 12A
General Information
Standard status
Active
Size
667 SF
Property subtype
Apartment
Additional Details
HOA Fee
$969.75
Public Transit
Yes
Multifamily Units
1
Amenities
private terrace
24-hour doorman
live-in resident manager
fitness center
landscaped roof deck
children's playroom
bicycle storage
laundry facilities
Building Details
Building Size
667 SF
Year Built
1927
Listing Agency:
Corcoran Group
Listed By:
Alexander Joseph Sullivan-Parker · License #10401352351 (NY)
(617) 319-1210
Source:
Nilelundgren
Added: Jul 26
Changed: Sep 1
Last Checked: Sep 2 at 9:13PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Residence 12A is a one-bedroom, one-bath home with a private terrace extending from the bedroom. The interior includes new white oak flooring, an updated bathroom, new closets, oversized windows, soaring ceilings, and central heating and cooling. An open kitchen is outfitted with Bosch and Sub-Zero appliances, granite counters, extensive cabinetry, and a breakfast bar adjoining the living and dining area.
The South Star is a full-service condominium with a 24-hour doorman, live-in resident manager, fitness center, landscaped roof deck, children's playroom, bicycle storage, and laundry facilities on every residential floor. The property is positioned between the Financial District and the Seaport, near Brookfield Place, Pier 17, Battery Park, waterfront parks, restaurants, and major subway lines. Built in 1927, the building offers access to established Downtown Manhattan amenities and transportation.
The South Star is a full-service condominium with a 24-hour doorman, live-in resident manager, fitness center, landscaped roof deck, children's playroom, bicycle storage, and laundry facilities on every residential floor. The property is positioned between the Financial District and the Seaport, near Brookfield Place, Pier 17, Battery Park, waterfront parks, restaurants, and major subway lines. Built in 1927, the building offers access to established Downtown Manhattan amenities and transportation.
Key Highlights
- Private terrace accessed directly from the bedroom
- One‑bedroom, one‑bath residence with oversized windows and soaring ceilings
- New white oak flooring, updated bathroom, and new closets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,869
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,380
$417.4K
Cap Rate 7%
$298,129
$298.1K
Cap Rate 9%
$231,878
$231.9K
Market Conditions
NOI Build-Up for 667 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.9K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$37.9K $56.89/SF
− OpEx
−$17.1K −$25.60/SF
NOI
$20.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,380
Cap Rate 7%
$298,129
Cap Rate 9%
$231,878
Alternative Uses
Best Use
Apartment 5plus
$298.1K
$260.9K – $347.8K
NOI $20,869 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,218 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
33,222
Businesses Nearby
Explore this area
Business Placement
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated one-bedroom residence with indoor-outdoor living, oversized windows, and full-service condominium amenities.
Where is this residential income property located?
The property is located at 80 JOHN Street 12A New York City, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Private terrace accessed directly from the bedroom; One‑bedroom, one‑bath residence with oversized windows and soaring ceilings; New white oak flooring, updated bathroom, and new closets
