Remodeled Residential Income
1325 Fifth Avenue 3C, Manhattan, NY 10029
For Sale
$1,190,000
Corner residence with three bedrooms, two baths, southern and eastern exposure, and access to extensive condominium amenities.
Property Size1,332 SF
Price / SF$893.39
Days on Market141
Property Features for 1325 Fifth Avenue 3C
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Miradorrealestate
Added: Jun 22
Changed: Nov 9
Last Checked: Nov 8 at 3:09PM
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 Bizzarro Agency LLC
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Investment Insights
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This sponsor unit is a remodeled corner residence with three bedrooms and two baths, offered without board approval. Southern and eastern exposures bring natural light to a layout with wide-plank flooring, recessed lighting, and large windows. The front gallery opens to an expansive living and dining area connected to a custom kitchen with white stone counters, see-through cabinetry, and an integrated refrigerator. The primary suite includes a walk-in closet and an ensuite bath with a frameless shower and floating teak vanity. A second full bath features a soaking tub and rain shower, while a stacked washer/dryer is concealed in the hallway.
The Fifth Avenue condominium comprises the buildings at 1325 and 1330 Fifth Avenue. Shared amenities include a furnished roof deck with dining areas, gas grills, and turf sections, along with a fitness center, bike room, package room, optional storage, and third-party parking. Central Park is one block away, and the 2, 3, and 6 trains are nearby. The property was built in 1989.
The Fifth Avenue condominium comprises the buildings at 1325 and 1330 Fifth Avenue. Shared amenities include a furnished roof deck with dining areas, gas grills, and turf sections, along with a fitness center, bike room, package room, optional storage, and third-party parking. Central Park is one block away, and the 2, 3, and 6 trains are nearby. The property was built in 1989.
Key Highlights
- Sponsor unit offered without board approval
- Three‑bedroom, two‑bath corner residence with southern and eastern exposures
- Remodeled kitchen with white stone counters, see‑through cabinets, and integrated refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,796
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,920
$1.0M
Cap Rate 7%
$725,657
$725.7K
Cap Rate 9%
$564,400
$564.4K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$95.9K $72.00/SF
− Vacancy
−$3.5K −$2.66/SF
EGI
$92.4K $69.34/SF
− OpEx
−$41.6K −$31.20/SF
NOI
$50.8K $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%
$1,015,920
Cap Rate 7%
$725,657
Cap Rate 9%
$564,400
Alternative Uses
Best Use
Apartment 5plus
$725.7K
$635.0K – $846.6K
NOI $50,796 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$931.2K
$814.8K – $1.09M
NOI $65,186 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
8,663
Businesses Nearby
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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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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with three bedrooms, two baths, southern and eastern exposure, and access to extensive condominium amenities.
Where is this residential income property located?
The property is located at 1325 Fifth Avenue 3C Manhattan, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Sponsor unit offered without board approval; Three‑bedroom, two‑bath corner residence with southern and eastern exposures; Remodeled kitchen with white stone counters, see‑through cabinets, and integrated refrigerator
