Residential Income Property with Sleeping
For Sale
$625,000
80 John Street 9E, New York City, NY 10038
A renovated Manhattan studio combines an open living area with a separate sleeping alcove and updated kitchen.
Property Size745 SF
Days on Market117
Property Features for 80 John Street 9E
General Information
Standard status
Active
Size
745 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$15,492
Building Details
Building Size
745 SF
Year Built
1927
Listing Agency:
Compass
Listed By:
Cindy Scholz
(212) 913-9058
Source:
Tricialee
Added: Jun 15
Changed: Oct 7
Last Checked: Oct 7 at 5:48PM
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
Investment Insights
Based on property information with market context.
Residence 9E is a 745-square-foot studio condominium with a dedicated sleeping alcove, open living and dining space, and a renovated kitchen. The residence has 10'8" beamed ceilings, two oversized windows, hardwood floors, and a freshly painted interior. Kitchen features include granite counters, cherry cabinetry, a Sub-Zero refrigerator, Bosch dishwasher, Bosch oven and cooktop, and a GE Profile microwave. The included lighting consists of Jonathan Adler sconces and a chandelier.
The Art Deco building was constructed in 1927 and converted to condominiums in 2006. Building services and amenities include a 24-hour concierge, live-in superintendent, laundry on each floor, and an on-site garage available for an additional fee. The property is in Manhattan’s Financial District, near Fulton Street subway entrances, a 24-hour supermarket, Delmonico’s, and the South Street Seaport. The residence is tenant-occupied, with showings by private appointment.
The Art Deco building was constructed in 1927 and converted to condominiums in 2006. Building services and amenities include a 24-hour concierge, live-in superintendent, laundry on each floor, and an on-site garage available for an additional fee. The property is in Manhattan’s Financial District, near Fulton Street subway entrances, a 24-hour supermarket, Delmonico’s, and the South Street Seaport. The residence is tenant-occupied, with showings by private appointment.
Key Highlights
- 745‑square‑foot studio with a separate sleeping alcove
- 10'8" beamed ceilings and two oversized windows
- Renovated kitchen with granite counters and cherry cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,309
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,180
$466.2K
Cap Rate 7%
$332,986
$333.0K
Cap Rate 9%
$258,989
$259.0K
Market Conditions
NOI Build-Up for 745 SF
Gross rent
$44.6K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.4K $56.89/SF
− OpEx
−$19.1K −$25.60/SF
NOI
$23.3K $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%
$466,180
Cap Rate 7%
$332,986
Cap Rate 9%
$258,989
Alternative Uses
Best Use
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,309 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,809 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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 - A renovated Manhattan studio combines an open living area with a separate sleeping alcove and updated kitchen.
Where is this residential income property located?
The property is located at 80 John Street 9E New York City, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 745‑square‑foot studio with a separate sleeping alcove; 10'8" beamed ceilings and two oversized windows; Renovated kitchen with granite counters and cherry cabinetry
