Residential Income Property with Park
For Sale
$1,299,000
1280 Fifth Avenue 18F, New York City, NY 10029
Two-bedroom Fifth Avenue residence with split-bedroom layout, full-service amenities, and Central Park views from every room.
Property Size1,284 SF
Price / SF$1,011
Days on Market217
Property Features for 1280 Fifth Avenue 18F
General Information
Standard status
Active
Size
1,284 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$23,400
Amenities
24-hour doorman-concierge
roof-top swimming pool
roof terraces
fitness center
children's playroom
washer/dryer
Building Details
Building Size
1,284 SF
Year Built
2010
Listing Agency:
Keller Williams NYC
Listed By:
Arthur Hung
(646) 677-0600
Source:
Carlinwright
Added: Mar 5
Changed: Oct 3
Last Checked: Oct 7 at 4:53PM
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 Keller Williams NYC
Investment Insights
Based on property information with market context.
This 1,284-square-foot two-bedroom residence at One Museum Mile features a split-bedroom layout, natural light, and Central Park views from every room. The open kitchen includes ample storage, an eat-in counter, and Miele and Bosch appliances. The primary bedroom suite offers a large walk-in closet and an en suite bathroom with a deep soaking tub and separate shower. A washer and dryer are located in the residence.
Designed by Robert A.M. Stern and completed in 2010, One Museum Mile contains 116 homes and provides a full-service residential setting on Fifth Avenue in New York City. Building amenities include 24-hour doorman-concierge service, a rooftop swimming pool, two roof terraces, a fitness center, and a children's playroom.
Designed by Robert A.M. Stern and completed in 2010, One Museum Mile contains 116 homes and provides a full-service residential setting on Fifth Avenue in New York City. Building amenities include 24-hour doorman-concierge service, a rooftop swimming pool, two roof terraces, a fitness center, and a children's playroom.
Key Highlights
- Central Park views from every room
- 1,284‑square‑foot two‑bedroom residence with split‑bedroom layout
- Open kitchen with Miele and Bosch appliances, ample storage, and eat‑in counter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,965
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,300
$979.3K
Cap Rate 7%
$699,500
$699.5K
Cap Rate 9%
$544,056
$544.1K
Market Conditions
NOI Build-Up for 1,284 SF
Gross rent
$92.4K $72.00/SF
− Vacancy
−$3.4K −$2.66/SF
EGI
$89.0K $69.34/SF
− OpEx
−$40.1K −$31.20/SF
NOI
$49.0K $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%
$979,300
Cap Rate 7%
$699,500
Cap Rate 9%
$544,056
Alternative Uses
Best Use
Apartment 5plus
$699.5K
$612.1K – $816.1K
NOI $48,965 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.58M
$4.01M – $5.34M
NOI $320,679 @ 7.0% cap · market cap 24.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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 - Two-bedroom Fifth Avenue residence with split-bedroom layout, full-service amenities, and Central Park views from every room.
Where is this residential income property located?
The property is located at 1280 Fifth Avenue 18F New York City, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Central Park views from every room; 1,284‑square‑foot two‑bedroom residence with split‑bedroom layout; Open kitchen with Miele and Bosch appliances, ample storage, and eat‑in counter
