Three-Bedroom Residential Income
For Sale
$1,399,000
Pending
80 JOHN Street 9C, New York City, NY 10038
Corner residence with split-bedroom layout, custom kitchen, high ceilings, and southern and eastern exposures.
Property Size1,412 SF
Days on Market189
Property Features for 80 JOHN Street 9C
General Information
Standard status
Pending
Size
1,412 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$23,844
Amenities
doorman
concierge
resident superintendent
secure entry
garage access
bike storage
additional storage
in-unit washer/dryer
Building Details
Building Size
1,412 SF
Year Built
1927
Year Renovated
2006
Construction
Art Deco
Listing Agency:
Serhant
Listed By:
Dylan Gaitman · License #10401388994
(917) 456-6968
Source:
Thethomas
Added: Apr 3
Changed: Sep 29
Last Checked: Oct 7 at 5:49PM
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 Serhant
Investment Insights
Based on property information with market context.
This approximately 1,412-square-foot three-bedroom, two-bathroom corner residence features a split-bedroom layout, generous living and dining areas, high ceilings, crown moldings, and oversized double-paned windows with southern and eastern exposures. A washer and dryer are located near the entry. The chef’s kitchen includes SubZero, Bosch, and Asko appliances, custom cherry wood cabinetry, a granitestone island, a large butler’s pantry, and a streamlined galley layout. The oversized primary bedroom includes two built-in closets and a private ensuite bathroom, while the second bedroom is approximately 22 feet long. The third bedroom can function as an office, guest room, or additional bedroom.
The South Star Condominium is a full-service Art Deco building originally built in 1927 and converted to residences in 2006. Building amenities include a 24-hour doorman and concierge, resident superintendent, secure entry, garage access, bike storage, and additional storage options. Located at 80 John Street, the property is near multiple subway lines, the South Street Seaport, waterfront paths, gyms, restaurants, bars, and grocery stores. Pets, subletting, gifting, guarantors, and co-purchasing are permitted.
The South Star Condominium is a full-service Art Deco building originally built in 1927 and converted to residences in 2006. Building amenities include a 24-hour doorman and concierge, resident superintendent, secure entry, garage access, bike storage, and additional storage options. Located at 80 John Street, the property is near multiple subway lines, the South Street Seaport, waterfront paths, gyms, restaurants, bars, and grocery stores. Pets, subletting, gifting, guarantors, and co-purchasing are permitted.
Key Highlights
- Approximately 1,412 square feet with three bedrooms and two bathrooms
- Corner residence with southern and eastern exposures and oversized double‑paned windows
- Split‑bedroom layout with oversized primary bedroom and private ensuite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,178
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,560
$883.6K
Cap Rate 7%
$631,114
$631.1K
Cap Rate 9%
$490,867
$490.9K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$84.6K $59.88/SF
− Vacancy
−$4.2K −$2.99/SF
EGI
$80.3K $56.89/SF
− OpEx
−$36.1K −$25.60/SF
NOI
$44.2K $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%
$883,560
Cap Rate 7%
$631,114
Cap Rate 9%
$490,867
Alternative Uses
Best Use
Apartment 5plus
$631.1K
$552.2K – $736.3K
NOI $44,178 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.51M
$3.08M – $4.10M
NOI $246,027 @ 7.0% cap · market cap 17.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with split-bedroom layout, custom kitchen, high ceilings, and southern and eastern exposures.
Where is this residential income property located?
The property is located at 80 JOHN Street 9C New York City, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Approximately 1,412 square feet with three bedrooms and two bathrooms; Corner residence with southern and eastern exposures and oversized double‑paned windows; Split‑bedroom layout with oversized primary bedroom and private ensuite bathroom
