Four-Bedroom Residential
1399 PARK Avenue 18B, New York City, NY 10029
For Sale
$1,845,000
Corner residence with private parking, skyline views, and full-service building amenities.
Property Size2,209 SF
Price / SF$835.22
Days on Market106
Property Features for 1399 PARK Avenue 18B
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
fitness center
residents' lounge
outdoor terrace
children's playroom
library
bike room
on-site parking
private parking
central air conditioning
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Yair Tavivian · License #10301212650
(212) 319-4109
Source:
Decodenyc
Added: Jul 27
Changed: Nov 2
Last Checked: Nov 8 at 7:54AM
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
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Investment Insights
Based on property information with market context.
Residence 18B is a 2,209-square-foot corner condominium with four bedrooms and floor-to-ceiling windows. Its layout includes a living and dining room, a kitchen with marble counters, oak cabinetry, and Thermador and Bosch appliances, plus a primary suite with a walk-in closet and spa-inspired bath. Three additional bedrooms occupy a separate wing, including one corner bedroom with an ensuite bath. Other features include wide-plank oak floors, central air conditioning, sound-attenuated windows, an in-unit Bosch washer and dryer, and private parking.
Built in 2019, North Park Tower offers a 24-hour doorman, fitness center, residents’ lounge with outdoor terrace, children’s playroom, library, bike room, and on-site parking. The property is near Central Park, Museum Mile, schools, restaurants, and transportation.
Built in 2019, North Park Tower offers a 24-hour doorman, fitness center, residents’ lounge with outdoor terrace, children’s playroom, library, bike room, and on-site parking. The property is near Central Park, Museum Mile, schools, restaurants, and transportation.
Key Highlights
- Four‑bedroom corner condominium with 2,209 square feet
- Private parking; floor‑to‑ceiling windows with Manhattan skyline views
- Primary suite plus three additional bedrooms, including a corner bedroom with ensuite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,240
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,684,800
$1.7M
Cap Rate 7%
$1,203,429
$1.2M
Cap Rate 9%
$936,000
$936.0K
Market Conditions
NOI Build-Up for 2,209 SF
Gross rent
$159.0K $72.00/SF
− Vacancy
−$5.9K −$2.66/SF
EGI
$153.2K $69.34/SF
− OpEx
−$68.9K −$31.20/SF
NOI
$84.2K $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%
$1,684,800
Cap Rate 7%
$1,203,429
Cap Rate 9%
$936,000
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,240 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,105 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,250
Businesses Nearby
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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
$818,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with private parking, skyline views, and full-service building amenities.
Where is this residential income property located?
The property is located at 1399 PARK Avenue 18B New York City, NY.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: Four‑bedroom corner condominium with 2,209 square feet; Private parking; floor‑to‑ceiling windows with Manhattan skyline views; Primary suite plus three additional bedrooms, including a corner bedroom with ensuite bath
