Residential Income Property with Rooftop
For Sale
$1,599,000
1280 5th Avenue 12C, New York City, NY 10029
The residence combines a windowed kitchen, in-unit laundry, private storage, and access to a full suite of building amenities.
Property Size1,344 SF
Price / SF$1,189
Days on Market58
Property Features for 1280 5th Avenue 12C
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$18,233
Amenities
heated rooftop pool
gym
resident's lounge
game room
formal dining room
doorman
concierge
on-site garage
central AC
in-unit washer/dryer
private storage
Building Details
Building Size
1,344 SF
Year Built
2008
Listing Agency:
Compass
Listed By:
Elana Schoppmann
(917) 306-9121
Source:
Dallien
Added: Sep 8
Changed: Oct 27
Last Checked: Nov 3 at 1:24PM
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.
At 1280 5th Avenue, Unit 12C is a 1,344-square-foot corner residence in a building completed in 2008. Its layout includes a foyer, a living area with high ceilings and hardwood flooring, and a windowed kitchen with a breakfast bar, stone counters, Zebrano cabinetry, and Bosch and Thermador appliances. The primary suite has a walk-in closet and a bath finished with Jerusalem limestone and Bianco Dolomiti marble. Central air conditioning, an in-unit washer and dryer, and private storage are included.
Building services and shared facilities include a full-time doorman, concierge, on-site garage, heated rooftop pool, gym, residents’ lounge with fireplace, game room, and formal dining room. The residence overlooks Central Park and has views of the skyline and East River.
Building services and shared facilities include a full-time doorman, concierge, on-site garage, heated rooftop pool, gym, residents’ lounge with fireplace, game room, and formal dining room. The residence overlooks Central Park and has views of the skyline and East River.
Key Highlights
- 1,344‑square‑foot corner residence at 1280 5th Avenue, Unit 12C
- Completed in 2008
- Heated rooftop pool, gym, residents’ lounge, game room, and formal dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,253
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,060
$1.0M
Cap Rate 7%
$732,186
$732.2K
Cap Rate 9%
$569,478
$569.5K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$96.8K $72.00/SF
− Vacancy
−$3.6K −$2.66/SF
EGI
$93.2K $69.34/SF
− OpEx
−$41.9K −$31.20/SF
NOI
$51.3K $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%
$1,025,060
Cap Rate 7%
$732,186
Cap Rate 9%
$569,478
Alternative Uses
Best Use
Apartment 5plus
$732.2K
$640.7K – $854.2K
NOI $51,253 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.80M
$4.20M – $5.59M
NOI $335,664 @ 7.0% cap · market cap 20.99%
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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Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines a windowed kitchen, in-unit laundry, private storage, and access to a full suite of building amenities.
Where is this residential income property located?
The property is located at 1280 5th Avenue 12C New York City, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 1,344‑square‑foot corner residence at 1280 5th Avenue, Unit 12C; Completed in 2008; Heated rooftop pool, gym, residents’ lounge, game room, and formal dining room
