Renovated Residential Income
For Sale
$1,049,000
1330 5TH Avenue 4M, New York City, NY 10026
Corner apartment with two full bathrooms, open kitchen, in-unit laundry, and access to extensive condominium amenities.
Property Size1,163 SF
Price / SF$901.98
Days on Market495
Property Features for 1330 5TH Avenue 4M
General Information
Standard status
Active
Size
1,163 SF
Property subtype
Apartment
Building Details
Building Size
1,163 SF
Year Built
1989
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Sahar Ziv · License #SL3599882
(646) 467-4694
Source:
Miradorrealestate
Added: May 19, 2025
Changed: Sep 22
Last Checked: Sep 24 at 7:36PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Apartment 4M is a recently renovated corner residence with 1,163 square feet, two bedrooms, and two bathrooms. South- and west-facing exposures bring natural light into the home, while the layout includes an entry foyer, open living and dining areas, a contemporary kitchen with stainless steel appliances, and a primary suite with private bath and two closets. A second bedroom, additional full bathroom, washer/dryer, double coat closet, and through-wall air conditioning complete the interior.
The condominium at 1330 Fifth Avenue includes a 24-hour attended lobby, furnished rooftop deck with separate dining and lounge areas, BBQ grills, fitness center, yoga studio, and package room with cold storage. The property is located just north of Central Park, with museums, shopping, subway service, bus routes, and Citi Bike options nearby.
The condominium at 1330 Fifth Avenue includes a 24-hour attended lobby, furnished rooftop deck with separate dining and lounge areas, BBQ grills, fitness center, yoga studio, and package room with cold storage. The property is located just north of Central Park, with museums, shopping, subway service, bus routes, and Citi Bike options nearby.
Key Highlights
- 1,163‑square‑foot corner apartment with 2 bedrooms and 2 bathrooms
- South- and west‑facing exposures
- Recently renovated interior with open kitchen and stainless steel 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
$36,387
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
3.47%
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%
$727,740
$727.7K
Cap Rate 7%
$519,814
$519.8K
Cap Rate 9%
$404,300
$404.3K
Market Conditions
NOI Build-Up for 1,163 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
$69.6K $59.88/SF
− Vacancy
−$3.5K −$2.99/SF
EGI
$66.2K $56.89/SF
− OpEx
−$29.8K −$25.60/SF
NOI
$36.4K $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%
$727,740
Cap Rate 7%
$519,814
Cap Rate 9%
$404,300
Alternative Uses
Best Use
Apartment 5plus
$519.8K
$454.8K – $606.5K
NOI $36,387 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.38M
NOI $202,641 @ 7.0% cap · market cap 19.32%
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 - Corner apartment with two full bathrooms, open kitchen, in-unit laundry, and access to extensive condominium amenities.
Where is this residential income property located?
The property is located at 1330 5TH Avenue 4M New York City, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 1,163‑square‑foot corner apartment with 2 bedrooms and 2 bathrooms; South- and west‑facing exposures; Recently renovated interior with open kitchen and stainless steel appliances
