3-Bedroom Residential Income
For Sale
$1,260,000
Pending
1325 5TH Avenue 2K, New York City, NY
Light-filled condominium residence with a private terrace, custom storage, upgraded kitchen, and access to full-service building amenities.
Property Size1,333 SF
Days on Market28
Property Features for 1325 5TH Avenue 2K
General Information
Standard status
Pending
Size
1,333 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$148.46
Public Transit
Yes
Amenities
attended lobby
deeded private storage
commercial-sized laundry facility
landscaped resident terrace
grills
outdoor kitchen
seating
Building Details
Building Size
1,333 SF
Year Built
1989
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 381-2241
Listed By:
Ashley Jeudy
(212) 381-2241
Source:
Howardhannanyc
Added: Jul 15
Changed: Aug 8
Last Checked: Aug 10 at 9:13AM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
This 1,333-square-foot condominium residence at 1325 5TH Avenue 2K includes three bedrooms and two bathrooms, with northeast exposure, high ceilings, oversized windows, oak hardwood flooring, custom built-ins, and substantial storage. The primary suite includes a walk-in closet and a large bathroom with a glass-enclosed shower, while the guest bath features a soaking tub. The kitchen has newly installed quartz countertops, a paneled Bosch refrigerator, Sharp microwave drawer, six-burner Chef range, and Miele hood. A 262-Sq Ft private terrace extends the living area outdoors with a south-facing orientation.
Completed in 1989, the building provides an attended lobby, deeded private storage, commercial-sized laundry facilities, and a landscaped resident terrace with grills, an outdoor kitchen, and seating. The property is near the 2/3 subway lines, multiple bus routes, cafés, grocery stores, and dining in the East Harlem and Upper East Side corridor. Central Park North is moments away, and Midtown is approximately 15 minutes away.
Completed in 1989, the building provides an attended lobby, deeded private storage, commercial-sized laundry facilities, and a landscaped resident terrace with grills, an outdoor kitchen, and seating. The property is near the 2/3 subway lines, multiple bus routes, cafés, grocery stores, and dining in the East Harlem and Upper East Side corridor. Central Park North is moments away, and Midtown is approximately 15 minutes away.
Key Highlights
- 1,333‑square‑foot condominium residence with 3 bedrooms and 2 bathrooms
- 262‑Sq Ft private terrace with south‑facing orientation
- Newly installed quartz kitchen countertops with Bosch, Sharp, Chef, and Miele appliances
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
$41,706
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
3.31%
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%
$834,120
$834.1K
Cap Rate 7%
$595,800
$595.8K
Cap Rate 9%
$463,400
$463.4K
Market Conditions
NOI Build-Up for 1,333 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
$79.8K $59.88/SF
− Vacancy
−$4.0K −$2.99/SF
EGI
$75.8K $56.89/SF
− OpEx
−$34.1K −$25.60/SF
NOI
$41.7K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /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%
$834,120
Cap Rate 7%
$595,800
Cap Rate 9%
$463,400
Alternative Uses
Best Use
Apartment 5plus
$595.8K
$521.3K – $695.1K
NOI $41,706 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.32M
$2.90M – $3.87M
NOI $232,262 @ 7.0% cap · market cap 18.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,663
Businesses Nearby
Explore this area
Business Placement
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Light-filled condominium residence with a private terrace, custom storage, upgraded kitchen, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 1325 5TH Avenue 2K New York City, NY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 1,333‑square‑foot condominium residence with 3 bedrooms and 2 bathrooms; 262‑Sq Ft private terrace with south‑facing orientation; Newly installed quartz kitchen countertops with Bosch, Sharp, Chef, and Miele appliances
