Two-Bedroom Residential Income
1400 5th Avenue 6P, Manhattan, NY 10026
For Sale
$825,000
Updated condominium with open living areas, garden views, and extensive building amenities.
Property Size1,034 SF
Price / SF$797.87
Days on Market229
Property Features for 1400 5th Avenue 6P
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
private courtyard garden
community room
children's playroom
private storage
laundry facilities
private parking lot
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Provera Sebastiano Tronchetti
(917) 691-6778
Source:
Miradorrealestate
Added: Mar 26
Changed: Nov 8
Last Checked: Nov 8 at 12:22PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,046-square-foot condominium includes two bedrooms, two full bathrooms, an open living and dining arrangement, and a kitchen equipped with new appliances, granite countertops, an oversized stainless sink, upgraded lighting, and a bar-height counter. The primary bedroom has an en-suite bathroom, while both bedrooms face south and overlook the building gardens. Fresh paint and newly installed flooring complete the interior updates.
Built in 2004, the building is recognized as one of New York City’s early green constructions. Amenities include a 24-hour doorman, landscaped private courtyard, community room, children’s playroom, private storage, laundry facilities on most floors, and a pet-friendly policy. A private parking lot offers deeded spaces, with a current wait-list for purchase. The property is near Central Park’s Conservatory Gardens and recreation center, Mount Sinai Hospital, the Museum of The City of New York, local dining, the Apollo Theater, and multiple transportation options. An HDFC income restriction applies, and the tax abatement expires in 2031.
Built in 2004, the building is recognized as one of New York City’s early green constructions. Amenities include a 24-hour doorman, landscaped private courtyard, community room, children’s playroom, private storage, laundry facilities on most floors, and a pet-friendly policy. A private parking lot offers deeded spaces, with a current wait-list for purchase. The property is near Central Park’s Conservatory Gardens and recreation center, Mount Sinai Hospital, the Museum of The City of New York, local dining, the Apollo Theater, and multiple transportation options. An HDFC income restriction applies, and the tax abatement expires in 2031.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,046 square feet
- South‑facing bedrooms with garden views and walls of windows
- Updated kitchen with new appliances, granite counters, stainless sink, and upgraded lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,351
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,020
$647.0K
Cap Rate 7%
$462,157
$462.2K
Cap Rate 9%
$359,456
$359.5K
Market Conditions
NOI Build-Up for 1,034 SF
Gross rent
$61.9K $59.88/SF
− Vacancy
−$3.1K −$2.99/SF
EGI
$58.8K $56.89/SF
− OpEx
−$26.5K −$25.60/SF
NOI
$32.4K $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 Rate 5%
$647,020
Cap Rate 7%
$462,157
Cap Rate 9%
$359,456
Alternative Uses
Best Use
Apartment 5plus
$462.2K
$404.4K – $539.2K
NOI $32,351 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$722.9K
$632.5K – $843.4K
NOI $50,602 @ 7.0% cap · market cap 6.13%
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
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with open living areas, garden views, and extensive building amenities.
Where is this residential income property located?
The property is located at 1400 5th Avenue 6P Manhattan, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,046 square feet; South‑facing bedrooms with garden views and walls of windows; Updated kitchen with new appliances, granite counters, stainless sink, and upgraded lighting
