Two-Bedroom Residential Income
For Sale
$849,000
1400 5TH Avenue 8E, Manhattan, NY 10026
Condominium residence with an open kitchen, private garden access, and full-service building amenities.
Property Size1,010 SF
Price / SF$840.59
Days on Market159
Property Features for 1400 5TH Avenue 8E
General Information
Standard status
Active
Size
1,010 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$312
Amenities
pet-friendly
24-hour doorman
concierge
laundry room
private garden
central air conditioning
Building Details
Building Size
1,010 SF
Year Built
2003
Listing Agency:
Corcoran Group
Listed By:
Zach Allen · License #10401309024 (NY)
(917) 847-6968
Source:
Miradorrealestate
Added: May 26
Changed: Oct 31
Last Checked: Oct 30 at 11:29PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
Residence 8E is a 1,010-square-foot condominium home with two bedrooms and two full bathrooms. The interior centers on an open kitchen with a center island, dishwasher, wine fridge, ample storage, and direct connection to the living and dining areas. The primary bedroom includes built-in closets and an en-suite bathroom, while the second bedroom is served by a separate full bathroom. Central air conditioning is also provided.
The 2003-built condominium offers 24-hour doorman service, concierge support, elevator access, a same-floor laundry room, and a private garden. The building is pet friendly. The property is located at 1400 5TH Avenue 8E in New York City, one block from the 2 and 3 trains and approximately three blocks from the 6 train. Central Park, restaurants, grocery stores, and everyday services are nearby.
The 2003-built condominium offers 24-hour doorman service, concierge support, elevator access, a same-floor laundry room, and a private garden. The building is pet friendly. The property is located at 1400 5TH Avenue 8E in New York City, one block from the 2 and 3 trains and approximately three blocks from the 6 train. Central Park, restaurants, grocery stores, and everyday services are nearby.
Key Highlights
- 1,010‑square‑foot residence with two bedrooms and two full bathrooms
- Open kitchen with center island, dishwasher, wine fridge, and substantial storage
- Primary bedroom offers built‑in closets and an en‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,600
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,000
$632.0K
Cap Rate 7%
$451,429
$451.4K
Cap Rate 9%
$351,111
$351.1K
Market Conditions
NOI Build-Up for 1,010 SF
Gross rent
$60.5K $59.88/SF
− Vacancy
−$3.0K −$2.99/SF
EGI
$57.5K $56.89/SF
− OpEx
−$25.9K −$25.60/SF
NOI
$31.6K $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%
$632,000
Cap Rate 7%
$451,429
Cap Rate 9%
$351,111
Alternative Uses
Best Use
Apartment 5plus
$451.4K
$395.0K – $526.7K
NOI $31,600 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,982 @ 7.0% cap · market cap 20.73%
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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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with an open kitchen, private garden access, and full-service building amenities.
Where is this residential income property located?
The property is located at 1400 5TH Avenue 8E Manhattan, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 1,010‑square‑foot residence with two bedrooms and two full bathrooms; Open kitchen with center island, dishwasher, wine fridge, and substantial storage; Primary bedroom offers built‑in closets and an en‑suite bathroom
