Three-Bedroom Residential Income
1485 5TH Avenue 13A, Manhattan, NY 10035
For Sale
$1,600,000
Pending
High-floor residence with natural light, hardwood floors, modern finishes, and extensive building amenities near Marcus Garvey Park.
Property Size1,436 SF
Days on Market438
Property Features for 1485 5TH Avenue 13A
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
indoor heated pool
fitness room
sundeck
lounge
children's playroom
cold storage
24/7 attended lobby
doorman
concierge
live-in management
valet parking
bicycle room
outdoor space with gas grills
Building Details
Building Size
Year Built
Listing Agency:
CHERYL RODRIGUES REAL ESTATE LLC
Listed By:
Cheryl Rodrigues
(646) 823-7690
Source:
Serhant
Added: Aug 29, 2025
Changed: Nov 7
Last Checked: Nov 8 at 3:50PM
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 CHERYL RODRIGUES REAL ESTATE LLC
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.
This 1,436-square-foot residential income property occupies a high floor at 5th on the Park Condominium. The three-bedroom, two-bath layout includes an open kitchen with stainless-steel appliances, custom cabinetry, and a built-in washer/dryer. Floor-to-ceiling windows, high ceilings, hardwood flooring, smart thermostats, and blackout shades are complemented by generous closet and storage space. The primary suite includes two floor-to-ceiling closets.
Completed in 2007, the condominium provides a 55-inch indoor heated pool, fitness room, community sundeck and lounge, children's playroom, cold storage, bicycle room, and 24/7 attended lobby service with a doorman, concierge, and live-in management. On-site valet parking is available through the 24/7 car and motorbike garage.
The property is at 1485 5th Avenue, between 119th and 120th Street, adjacent to Marcus Garvey Park. Nearby destinations include Whole Foods, Settapani, Red Rooster, Shake Shack, and Bed Bath & Beyond. Subway access includes the 4, 5, and 6 lines at 125th and 116th Lex, along with the 2 and 3 lines at 116th Lenox.
Completed in 2007, the condominium provides a 55-inch indoor heated pool, fitness room, community sundeck and lounge, children's playroom, cold storage, bicycle room, and 24/7 attended lobby service with a doorman, concierge, and live-in management. On-site valet parking is available through the 24/7 car and motorbike garage.
The property is at 1485 5th Avenue, between 119th and 120th Street, adjacent to Marcus Garvey Park. Nearby destinations include Whole Foods, Settapani, Red Rooster, Shake Shack, and Bed Bath & Beyond. Subway access includes the 4, 5, and 6 lines at 125th and 116th Lex, along with the 2 and 3 lines at 116th Lenox.
Key Highlights
- 1,436 SF three‑bedroom, two‑bath residence
- Floor‑to‑ceiling windows, hardwood floors, and high ceilings
- Open kitchen with stainless‑steel appliances and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,929
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,580
$898.6K
Cap Rate 7%
$641,843
$641.8K
Cap Rate 9%
$499,211
$499.2K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$86.0K $59.88/SF
− Vacancy
−$4.3K −$2.99/SF
EGI
$81.7K $56.89/SF
− OpEx
−$36.8K −$25.60/SF
NOI
$44.9K $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%
$898,580
Cap Rate 7%
$641,843
Cap Rate 9%
$499,211
Alternative Uses
Best Use
Apartment 5plus
$641.8K
$561.6K – $748.8K
NOI $44,929 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.5K – $1.17M
NOI $70,276 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,717
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - High-floor residence with natural light, hardwood floors, modern finishes, and extensive building amenities near Marcus Garvey Park.
Where is this residential income property located?
The property is located at 1485 5TH Avenue 13A Manhattan, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1,436 SF three‑bedroom, two‑bath residence; Floor‑to‑ceiling windows, hardwood floors, and high ceilings; Open kitchen with stainless‑steel appliances and custom cabinetry
