Renovated Residential Income
1400 5TH Avenue 2D, New York City, NY 10026
For Sale
$775,000
Updated condo apartment with marble finishes, stainless steel appliances, doorman service, and convenient transit access.
Property Size978 SF
Price / SF$792.43
Days on Market162
Property Features for 1400 5TH Avenue 2D
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Robert A Glessman · License #10301211152
(917) 553-4846
Source:
Miradorrealestate
Added: Jun 1
Changed: Oct 31
Last Checked: Nov 8 at 1:05PM
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.
This residential income property is a renovated condo apartment in a 2003 building. Interior improvements include marble flooring in the foyer, kitchen, and hallway, Brazilian cherry wood flooring in the living room and bedrooms, recessed lighting, and new stainless steel appliances. The residence faces east toward 5th Avenue and includes access to an inviting lobby with two elevators.
Building services include a 24-hour doorman, live-in superintendent, BuildingLink services, dry cleaning with valet service, and a laundry room on every floor. The property is near multiple subway lines, including 6, 2, 3, B, and C, with access to M1, M7, M102, M116, and M60 bus routes. Metro-North service is also within a short walk.
Building services include a 24-hour doorman, live-in superintendent, BuildingLink services, dry cleaning with valet service, and a laundry room on every floor. The property is near multiple subway lines, including 6, 2, 3, B, and C, with access to M1, M7, M102, M116, and M60 bus routes. Metro-North service is also within a short walk.
Key Highlights
- Renovated condo apartment in a 2003 residential building
- Marble flooring in foyer, kitchen, and hallway
- Brazilian cherry wood flooring in living room and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,599
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,980
$612.0K
Cap Rate 7%
$437,129
$437.1K
Cap Rate 9%
$339,989
$340.0K
Market Conditions
NOI Build-Up for 978 SF
Gross rent
$58.6K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$55.6K $56.89/SF
− OpEx
−$25.0K −$25.60/SF
NOI
$30.6K $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 Rate 5%
$611,980
Cap Rate 7%
$437,129
Cap Rate 9%
$339,989
Alternative Uses
Best Use
Apartment 5plus
$437.1K
$382.5K – $510.0K
NOI $30,599 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$683.7K
$598.3K – $797.7K
NOI $47,862 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
8,264
Businesses Nearby
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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
$1,014,100
Median Home Value
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Market
Average Price Trend$/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 - Updated condo apartment with marble finishes, stainless steel appliances, doorman service, and convenient transit access.
Where is this residential income property located?
The property is located at 1400 5TH Avenue 2D New York City, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Renovated condo apartment in a 2003 residential building; Marble flooring in foyer, kitchen, and hallway; Brazilian cherry wood flooring in living room and bedrooms
