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Residential Income Property

1056 5TH Avenue 12E, Manhattan, NY 10028

For Sale
$1,750,000
Pending

A renovated two-bedroom, two-bathroom residence offers a separate bedroom wing and a windowed kitchen.

Property SizeContact for details
Days on Market40

Property Features for 1056 5TH Avenue 12E

General Information

Standard status Pending
Elevators Yes
Property subtype Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Amenities

doorman
resident superintendent
storage
laundry facilities

Building Details

Year Built 1951
Listing Agency: Corcoran Group
Listed By: Francine Crocker · License NY #10301217562
Source: Nobleblackandpartners
Added: Oct 1 Changed: Nov 7 Last Checked: Nov 8 at 12:29PM

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

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Investment Insights

Based on property information with market context.

This two-bedroom, two-bathroom residence in a full-service cooperative was built in 1951 and has been fully renovated. The open living and dining area spans 21 feet, while the kitchen has custom cabinetry, a Sub-Zero refrigerator/freezer, and a dishwasher. Both bedrooms sit in a separate wing off the entry foyer; the corner primary bedroom has two exposures and an en-suite bathroom with a walk-in shower. Closets include one with a washer and dryer.

The building at Fifth Avenue and 87th Street is directly across from a Central Park entrance, three blocks north of the Metropolitan Museum of Art, and near the Guggenheim Museum. Residents have access to 24-hour doorman service, elevator attendants, a resident superintendent, basement storage, laundry facilities, and a covered garage. The lobby has been renovated. Pied-à-terre ownership is considered individually, and maximum financing is 50%.

Key Highlights

  • Two bedrooms and two bathrooms in a fully renovated residence
  • 21‑foot living and dining area with an open layout
  • Windowed kitchen with custom cabinetry, Sub‑Zero refrigerator/freezer, and dishwasher

Property Analytics

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Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

16,921
Businesses Nearby

Demographics for 10028, NY

48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Residential income properties in Manhattan, NY

$1,276 Jul
$727 Aug
$650 Sep
$877 Oct

Properties on Market for Residential income properties in Manhattan

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - A renovated two-bedroom, two-bathroom residence offers a separate bedroom wing and a windowed kitchen.
Where is this residential income property located?
The property is located at 1056 5TH Avenue 12E Manhattan, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in a fully renovated residence; 21‑foot living and dining area with an open layout; Windowed kitchen with custom cabinetry, Sub‑Zero refrigerator/freezer, and dishwasher
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