Furnished Residential Income Property with
For Sale
$2,995,000
1399 PARK Avenue 21B, New York City, NY 10029
The furnished three-bedroom residence includes a private terrace and an integrated smart-home system.
Property Size3,077 SF
Price / SF$973.35
Days on Market169
Property Features for 1399 PARK Avenue 21B
General Information
Standard status
Active
Size
3,077 SF
Property subtype
Duplex
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$40,572
Amenities
24-hour doorman
playroom
fitness center
residents lounge
outdoor space with grills
library
cold and dry storage
bike room
on-site parking
Building Details
Building Size
3,077 SF
Year Built
2019
Buildings
1
Stories
23
Construction
glass and concrete tower
Listing Agency:
THE BRACHA GROUP
Listed By:
ILAN BRACHA
(917) 771-8812
Source:
Decodenyc
Added: May 20
Changed: Oct 29
Last Checked: Nov 3 at 6:40AM
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 THE BRACHA GROUP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Residence 21B is a furnished three-bedroom home with two-and-a-half bathrooms, an additional study, and a 583-square-foot private terrace. The outdoor area is equipped with a kitchen, grill, fire pit, speakers, lighting, and seating. A smart-home system manages lighting, temperature, audio, security, and blinds. The kitchen has Thermador, Elica, Bosch, and Sub-Zero appliances, while the home also features wide-plank oak floors and a Bosch washer and dryer.
The residence occupies a 23-story, 72-unit tower built in 2019 at 1399 Park Avenue. Building amenities include a 24-hour doorman, fitness center, residents’ lounge, library, playroom, bike room, cold and dry storage, and on-site parking. The lounge includes 1,300 square feet of outdoor space with built-in grills.
The residence occupies a 23-story, 72-unit tower built in 2019 at 1399 Park Avenue. Building amenities include a 24-hour doorman, fitness center, residents’ lounge, library, playroom, bike room, cold and dry storage, and on-site parking. The lounge includes 1,300 square feet of outdoor space with built-in grills.
Key Highlights
- Furnished three‑bedroom residence with two‑and‑a‑half bathrooms and a separate study
- Private 583‑square‑foot terrace equipped with an outdoor kitchen, grill, fire pit, speakers, lighting, and seating
- Smart‑home controls for lighting, temperature, audio, security, and blinds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,341
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,820
$2.3M
Cap Rate 7%
$1,676,300
$1.7M
Cap Rate 9%
$1,303,789
$1.3M
Market Conditions
NOI Build-Up for 3,077 SF
Gross rent
$221.5K $72.00/SF
− Vacancy
−$8.2K −$2.66/SF
EGI
$213.3K $69.34/SF
− OpEx
−$96.0K −$31.20/SF
NOI
$117.3K $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%
$2,346,820
Cap Rate 7%
$1,676,300
Cap Rate 9%
$1,303,789
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,341 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.98M
$9.61M – $12.81M
NOI $768,481 @ 7.0% cap · market cap 25.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,250
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
Frequently Asked Questions
What type of property is this?
Residential income property - The furnished three-bedroom residence includes a private terrace and an integrated smart-home system.
Where is this residential income property located?
The property is located at 1399 PARK Avenue 21B New York City, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Furnished three‑bedroom residence with two‑and‑a‑half bathrooms and a separate study; Private 583‑square‑foot terrace equipped with an outdoor kitchen, grill, fire pit, speakers, lighting, and seating; Smart‑home controls for lighting, temperature, audio, security, and blinds
