Pre-War Condominium
1200 5TH Avenue 1F, Manhattan, NY 10029
For Sale
$665,000
The 600-square-foot ground-floor home has separate access from the building’s main entrance and a private side entrance.
Property Size600 SF
Price / SF$1,108
Days on Market35
Property Features for 1200 5TH Avenue 1F
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour attended lobby
fitness center
refrigerated cold-storage room for deliveries
laundry room
bicycle storage
private storage bins
pet-friendly
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Christies International Real Estate New York
Listed By:
Morella C Machado
(917) 612-2367
Source:
Dallien
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 8:49AM
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 Christies International Real Estate New York
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Investment Insights
Based on property information with market context.
Built in 1928, this 600-square-foot condominium residence combines pre-war details with updated interior finishes. Beamed ceilings, hardwood floors, a decorative fireplace and six tilt-and-turn windows complement a chef’s kitchen with a Wolf oven, Sub-Zero refrigerator and dishwasher. The home also includes a marble bathroom, walk-in closet, in-unit washer and dryer, and individually controlled heating and cooling. Ground-floor access is available through the main entrance or a private side entrance.
The building is on Fifth Avenue across from Central Park, near Carnegie Hill shopping and dining, Mount Sinai Hospital and cultural institutions. Residents have access to a 24-hour attended lobby, fitness center, refrigerated delivery storage, laundry room, bicycle storage and private storage bins. The building welcomes pets.
The building is on Fifth Avenue across from Central Park, near Carnegie Hill shopping and dining, Mount Sinai Hospital and cultural institutions. Residents have access to a 24-hour attended lobby, fitness center, refrigerated delivery storage, laundry room, bicycle storage and private storage bins. The building welcomes pets.
Key Highlights
- 600‑square‑foot residence in a building constructed in 1928
- Ground‑floor home with main building access and a private side entrance
- Six tilt‑and‑turn windows, beamed ceilings, hardwood floors and decorative fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,881
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,620
$457.6K
Cap Rate 7%
$326,871
$326.9K
Cap Rate 9%
$254,233
$254.2K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$43.2K $72.00/SF
− Vacancy
−$1.6K −$2.66/SF
EGI
$41.6K $69.34/SF
− OpEx
−$18.7K −$31.20/SF
NOI
$22.9K $38.13/SF
Area
ZIP 10029
Vacancy
3.70%
Lease Rate
$72.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,620
Cap Rate 7%
$326,871
Cap Rate 9%
$254,233
Alternative Uses
Best Use
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,881 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 4.42%
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
10,281
Businesses Nearby
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Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - The 600-square-foot ground-floor home has separate access from the building’s main entrance and a private side entrance.
Where is this residential income property located?
The property is located at 1200 5TH Avenue 1F Manhattan, NY.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 600‑square‑foot residence in a building constructed in 1928; Ground‑floor home with main building access and a private side entrance; Six tilt‑and‑turn windows, beamed ceilings, hardwood floors and decorative fireplace
