One-Bedroom Residential Income
For Sale
$699,000
1325 Fifth Avenue 3M, New York City, NY 10029
Bright residence with an open living plan, marble-finished kitchen, and full-service condominium amenities.
Property Size678 SF
Days on Market8
Property Features for 1325 Fifth Avenue 3M
General Information
Standard status
Active
Size
678 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
HOA Fee
$75.67
Taxes and HOA fees
Annual Taxes
$7,877
Amenities
24/7 staffed lobby
rooftop deck
fitness center
yoga studio
package room with cold storage
bike room
pet-friendly
Building Details
Building Size
678 SF
Year Built
1989
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Serhant
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 8 at 12:32PM
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
Investment Insights
Based on property information with market context.
This one-bedroom residential income property features an open arrangement connecting the living, dining, and cooking areas. Oak flooring, large windows, and a landscaped courtyard outlook bring natural light into the home. The kitchen includes white marble counters and Bosch stainless steel appliances, while the bedroom offers oversized casement windows and substantial closet space. A Bosch stacked washer and dryer, white-tiled bathroom, marble vanity top, deep soaking tub, and multi-head shower complete the interior. The residence was built in 1989.
Building amenities include a staffed lobby operating 24/7, rooftop outdoor space with seating and gas grills, a fitness center, yoga studio, package room with cold storage, bike room, and parking options. The pet-friendly condominium is near Central Park's North Woods, Conservatory Garden, Lasker Pool, Museum Mile, shopping, dining, cultural attractions, and multiple MTA stations.
Building amenities include a staffed lobby operating 24/7, rooftop outdoor space with seating and gas grills, a fitness center, yoga studio, package room with cold storage, bike room, and parking options. The pet-friendly condominium is near Central Park's North Woods, Conservatory Garden, Lasker Pool, Museum Mile, shopping, dining, cultural attractions, and multiple MTA stations.
Key Highlights
- One‑bedroom residence with open living, dining, and cooking areas
- White marble kitchen counters with Bosch stainless steel appliances
- Oversized bedroom casement windows and ample closet space
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
$25,855
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
3.70%
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%
$517,100
$517.1K
Cap Rate 7%
$369,357
$369.4K
Cap Rate 9%
$287,278
$287.3K
Market Conditions
NOI Build-Up for 678 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
$48.8K $72.00/SF
− Vacancy
−$1.8K −$2.66/SF
EGI
$47.0K $69.34/SF
− OpEx
−$21.2K −$31.20/SF
NOI
$25.9K $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 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%
$517,100
Cap Rate 7%
$369,357
Cap Rate 9%
$287,278
Alternative Uses
Best Use
Apartment 5plus
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,331 @ 7.0% cap · market cap 24.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,663
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright residence with an open living plan, marble-finished kitchen, and full-service condominium amenities.
Where is this residential income property located?
The property is located at 1325 Fifth Avenue 3M New York City, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: One‑bedroom residence with open living, dining, and cooking areas; White marble kitchen counters with Bosch stainless steel appliances; Oversized bedroom casement windows and ample closet space
