Two-Bedroom Residential Income
1280 5th Avenue 10A, Manhattan, NY 10029
For Sale
$1,949,000
Two-bedroom, two-bath home with open kitchen, dining area, in-unit laundry, and full-service building amenities.
Property Size1,705 SF
Price / SF$1,143
Days on Market187
Property Features for 1280 5th Avenue 10A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
concierge
gym
children's playroom
teen game room
residents' lounge
live-in superintendent
rooftop pool
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
THOMAS POSTILIO
(917) 543-0005
Source:
Miradorrealestate
Added: May 7
Changed: Nov 5
Last Checked: Nov 8 at 11:41AM
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
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Investment Insights
Based on property information with market context.
This 1,705-square-foot residential income property at One Museum Mile includes two bedrooms, a dining area, and two bathrooms. The living and dining spaces connect with an open kitchen, while the primary suite offers extensive closet storage and a windowed five-fixture bath with a Zuma soaking tub. A Bosch washer and dryer are included in the residence. West- and north-facing exposures provide Central Park and skyline views from every room.
Built in 2012, One Museum Mile is located at 1280 5th Avenue in New York City. Building services and amenities include a 24-hour doorman, concierge, gym, children's playroom, teen game room, residents' lounge, live-in superintendent, and rooftop pool. The building was designed by Robert A. M. Stern and extends along Fifth Avenue near Central Park.
Built in 2012, One Museum Mile is located at 1280 5th Avenue in New York City. Building services and amenities include a 24-hour doorman, concierge, gym, children's playroom, teen game room, residents' lounge, live-in superintendent, and rooftop pool. The building was designed by Robert A. M. Stern and extends along Fifth Avenue near Central Park.
Key Highlights
- Two‑bedroom, two‑bath residence with 1,705 square feet
- West- and north‑facing exposures with Central Park and skyline views
- Open kitchen integrated with living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,020
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,400
$1.3M
Cap Rate 7%
$928,857
$928.9K
Cap Rate 9%
$722,444
$722.4K
Market Conditions
NOI Build-Up for 1,705 SF
Gross rent
$122.8K $72.00/SF
− Vacancy
−$4.5K −$2.66/SF
EGI
$118.2K $69.34/SF
− OpEx
−$53.2K −$31.20/SF
NOI
$65.0K $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%
$1,300,400
Cap Rate 7%
$928,857
Cap Rate 9%
$722,444
Alternative Uses
Best Use
Apartment 5plus
$928.9K
$812.8K – $1.08M
NOI $65,020 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,440 @ 7.0% cap · market cap 4.28%
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
10,309
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 - Two-bedroom, two-bath home with open kitchen, dining area, in-unit laundry, and full-service building amenities.
Where is this residential income property located?
The property is located at 1280 5th Avenue 10A Manhattan, NY.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence with 1,705 square feet; West- and north‑facing exposures with Central Park and skyline views; Open kitchen integrated with living and dining areas
