One-Bedroom-Style Residential Income
New
For Sale
$950,000
1280 Fifth Avenue 17E, New York City, NY 10029
The unit includes in-home laundry and a kitchen equipped with Thermador, Miele, and Bosch appliances.
Property Size838 SF
Price / SF$1,133
Days on Market4
Property Features for 1280 Fifth Avenue 17E
General Information
Standard status
Active
Size
838 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$14,910
Building Details
Building Size
838 SF
Year Built
2010
Listing Agency:
CORE Group Marketing LLC
Listed By:
John W Harrison
(212) 612-9638
Source:
Howardhannanyc
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 3:27PM
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 CORE Group Marketing LLC
Investment Insights
Based on property information with market context.
This 838-square-foot condominium at 1280 Fifth Avenue, unit 17E, has a one-bedroom-style arrangement with a separate sleeping area, window, closet, and air conditioning. The living space has wide-plank oak floors and a full-height window. Teak cabinetry and Thermador, Miele, and Bosch appliances equip the kitchen; a Bosch washer and dryer are also in the unit. The bathroom combines marble, limestone, and walnut finishes with a Zuma soaking tub.
The building, completed in 2010, was designed by Robert A.M. Stern Architects and Andre Kikoski. Shared amenities include a landscaped rooftop deck with pool and grill, resident lounge, dining and meeting room, catering kitchen, game room, recreation room, children’s playroom, gym, and package room. Central Park and Museum Mile are nearby. Garage parking is available by separate agreement.
The building, completed in 2010, was designed by Robert A.M. Stern Architects and Andre Kikoski. Shared amenities include a landscaped rooftop deck with pool and grill, resident lounge, dining and meeting room, catering kitchen, game room, recreation room, children’s playroom, gym, and package room. Central Park and Museum Mile are nearby. Garage parking is available by separate agreement.
Key Highlights
- 838‑square‑foot condominium with a separate sleeping area, window, closet, and air conditioning
- Thermador refrigerator, oven, and five‑burner stovetop; Miele ventilator and Bosch dishwasher
- Bosch washer and dryer in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,957
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,140
$639.1K
Cap Rate 7%
$456,529
$456.5K
Cap Rate 9%
$355,078
$355.1K
Market Conditions
NOI Build-Up for 838 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.3K $72.00/SF
− Vacancy
−$2.2K −$2.66/SF
EGI
$58.1K $69.34/SF
− OpEx
−$26.1K −$31.20/SF
NOI
$32.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,140
Cap Rate 7%
$456,529
Cap Rate 9%
$355,078
Alternative Uses
Best Use
Apartment 5plus
$456.5K
$399.5K – $532.6K
NOI $31,957 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.99M
$2.62M – $3.49M
NOI $209,291 @ 7.0% cap · market cap 22.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,309
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes in-home laundry and a kitchen equipped with Thermador, Miele, and Bosch appliances.
Where is this residential income property located?
The property is located at 1280 Fifth Avenue 17E New York City, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 838‑square‑foot condominium with a separate sleeping area, window, closet, and air conditioning; Thermador refrigerator, oven, and five‑burner stovetop; Miele ventilator and Bosch dishwasher; Bosch washer and dryer in the unit
