Renovated Residential Income
For Sale
$699,000
1330 Fifth Avenue 5D, New York City, NY 10026
One-bedroom residence with updated interiors, modern appliances, and access to condominium amenities near Central Park.
Property Size697 SF
Price / SF$1,002
Days on Market14
Property Features for 1330 Fifth Avenue 5D
General Information
Standard status
Active
Size
697 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$9,002
Building Details
Building Size
697 SF
Year Built
1989
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Bondnyre
Added: Sep 11
Changed: Sep 20
Last Checked: Sep 22 at 9:12PM
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 renovated residential income unit includes one bedroom and one bathroom within The Fifth Avenue condominium. The layout features an open kitchen with full-size stainless steel appliances, white cabinetry, stone countertops, wide-plank flooring, gallery-style lighting, and north-facing windows. A walk-in closet includes a combination washer and dryer, while the bedroom accommodates a king-size bed and dresser. Through-wall air conditioning and a contemporary tiled bathroom complete the interior. The property size is 697, and the building was constructed in 1989.
Residents have access to a common deck with lounge, dining, grilling, and turf areas, along with a fitness center, bike room, package room, optional storage, and a third-party parking lot. Central Park is one block away, with Museum Mile and The Davis Center nearby. The 2, 3, and 6 trains provide access to downtown.
Residents have access to a common deck with lounge, dining, grilling, and turf areas, along with a fitness center, bike room, package room, optional storage, and a third-party parking lot. Central Park is one block away, with Museum Mile and The Davis Center nearby. The 2, 3, and 6 trains provide access to downtown.
Key Highlights
- One‑bedroom, one‑bathroom residence in The Fifth Avenue condominium
- Renovated interior with open kitchen and full‑size stainless steel appliances
- Sponsor unit with no board approval
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
$21,807
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
3.12%
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%
$436,140
$436.1K
Cap Rate 7%
$311,529
$311.5K
Cap Rate 9%
$242,300
$242.3K
Market Conditions
NOI Build-Up for 697 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
$41.7K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.6K $56.89/SF
− OpEx
−$17.8K −$25.60/SF
NOI
$21.8K $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%
$436,140
Cap Rate 7%
$311,529
Cap Rate 9%
$242,300
Alternative Uses
Best Use
Apartment 5plus
$311.5K
$272.6K – $363.5K
NOI $21,807 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.73M
$1.52M – $2.02M
NOI $121,445 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - One-bedroom residence with updated interiors, modern appliances, and access to condominium amenities near Central Park.
Where is this residential income property located?
The property is located at 1330 Fifth Avenue 5D 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, one‑bathroom residence in The Fifth Avenue condominium; Renovated interior with open kitchen and full‑size stainless steel appliances; Sponsor unit with no board approval
