Residential Income
For Sale
$2,500,000
1280 5TH Avenue 18A, New York City, NY 10029
The condominium includes three bedrooms, three-and-a-half bathrooms, and an open living and dining area.
Property Size1,863 SF
Days on Market10
Property Features for 1280 5TH Avenue 18A
General Information
Standard status
Active
Size
1,863 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/3.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$27,276
Amenities
24-hour door attendants
concierge service
live-in resident manager
fitness center
children's playroom
bicycle storage
cold storage
on-site parking
rooftop terrace
outdoor lounge
pool
Building Details
Building Size
1,863 SF
Year Built
2010
Listing Agency:
Serhant
Listed By:
Noah Kollar
(201) 289-3244
Source:
Serhant
Added: Sep 30
Changed: Oct 8
Last Checked: Oct 7 at 3:51PM
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 Serhant
Investment Insights
Based on property information with market context.
This 1,863-square-foot corner condominium at One Museum Mile has three bedrooms and three-and-a-half bathrooms. An open living and dining area connects to a kitchen with custom wood cabinetry, granite counters, an eat-in peninsula, and integrated stainless steel appliances. The primary suite includes a walk-in closet, a second closet, and an en-suite bath; the two other bedrooms also have en-suite baths. A washer and dryer are concealed in the powder room. The building was completed in 2010.
The Fifth Avenue residence faces Central Park and has northern and western exposures, with views of the park and city skyline. Building amenities include a fitness center, children's playroom, bicycle and cold storage, on-site parking, and a rooftop with landscaped terraces, outdoor lounges, and a pool. The property is across from Central Park and near the Conservatory Garden, museums, restaurants, cafes, and subway lines 2, 3, 6, B, and C.
The Fifth Avenue residence faces Central Park and has northern and western exposures, with views of the park and city skyline. Building amenities include a fitness center, children's playroom, bicycle and cold storage, on-site parking, and a rooftop with landscaped terraces, outdoor lounges, and a pool. The property is across from Central Park and near the Conservatory Garden, museums, restaurants, cafes, and subway lines 2, 3, 6, B, and C.
Key Highlights
- 1,863‑square‑foot corner condominium with three bedrooms and three‑and‑a‑half bathrooms
- Views of Central Park and the city from northern and western exposures
- Rooftop pool, landscaped terraces, and outdoor lounge areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,045
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,900
$1.4M
Cap Rate 7%
$1,014,929
$1.0M
Cap Rate 9%
$789,389
$789.4K
Market Conditions
NOI Build-Up for 1,863 SF
Gross rent
$134.1K $72.00/SF
− Vacancy
−$5.0K −$2.66/SF
EGI
$129.2K $69.34/SF
− OpEx
−$58.1K −$31.20/SF
NOI
$71.0K $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%
$1,420,900
Cap Rate 7%
$1,014,929
Cap Rate 9%
$789,389
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$888.1K – $1.18M
NOI $71,045 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.65M
$5.82M – $7.75M
NOI $465,284 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
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 condominium includes three bedrooms, three-and-a-half bathrooms, and an open living and dining area.
Where is this residential income property located?
The property is located at 1280 5TH Avenue 18A New York City, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1,863‑square‑foot corner condominium with three bedrooms and three‑and‑a‑half bathrooms; Views of Central Park and the city from northern and western exposures; Rooftop pool, landscaped terraces, and outdoor lounge areas
