Renovated Residential Income
For Sale
$925,000
1330 Fifth Avenue 3A, New York City, NY 10026
Renovated condominium residence with an open kitchen, north-facing windows, and access to extensive common amenities.
Property Size955 SF
Price / SF$968.59
Days on Market14
Property Features for 1330 Fifth Avenue 3A
General Information
Standard status
Active
Size
955 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$85.19
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,028
Amenities
fitness center
bike room
package room
common deck
gas grills
turf areas
optional storage
Building Details
Building Size
955 SF
Year Built
1989
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Nobleblackandpartners
Added: Sep 11
Changed: Sep 22
Last Checked: Sep 22 at 9:00PM
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 697-square-foot residential income property at The Fifth Avenue is a renovated 1-bedroom, 1-bathroom condominium residence completed in 1989. The layout includes a wide entry, oversized walk-in closet, combination washer/dryer, open kitchen with full-size stainless steel appliances, white cabinetry, and stone countertops. Blonde wide-plank floors, gallery-style lighting, north-facing windows, through-wall A/C, and a modern tiled bathroom complete the interior. The unit is offered as a sponsor unit with no board approval required.
Residents have access to a common deck with lounging, dining areas, gas grills, and turf areas, along with a fitness center, bike room, package room, optional storage, and a third-party parking lot in the building. The property is one block from Central Park and near Museum Mile, The Davis Center, restaurants, coffee shops, and the 2, 3, and 6 trains.
Residents have access to a common deck with lounging, dining areas, gas grills, and turf areas, along with a fitness center, bike room, package room, optional storage, and a third-party parking lot in the building. The property is one block from Central Park and near Museum Mile, The Davis Center, restaurants, coffee shops, and the 2, 3, and 6 trains.
Key Highlights
- 697 SF 1‑bedroom, 1‑bathroom condominium residence
- Sponsor unit with no board approval required
- Renovated open kitchen with stainless steel appliances and stone countertops
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
$29,879
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
3.23%
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%
$597,580
$597.6K
Cap Rate 7%
$426,843
$426.8K
Cap Rate 9%
$331,989
$332.0K
Market Conditions
NOI Build-Up for 955 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
$57.2K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$54.3K $56.89/SF
− OpEx
−$24.4K −$25.60/SF
NOI
$29.9K $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%
$597,580
Cap Rate 7%
$426,843
Cap Rate 9%
$331,989
Alternative Uses
Best Use
Apartment 5plus
$426.8K
$373.5K – $498.0K
NOI $29,879 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.38M
$2.08M – $2.77M
NOI $166,399 @ 7.0% cap · market cap 17.99%
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
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium residence with an open kitchen, north-facing windows, and access to extensive common amenities.
Where is this residential income property located?
The property is located at 1330 Fifth Avenue 3A New York City, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 697 SF 1‑bedroom, 1‑bathroom condominium residence; Sponsor unit with no board approval required; Renovated open kitchen with stainless steel appliances and stone countertops
