Corner Residential Income
1485 5th Avenue 18/19H, Manhattan, NY 10035
For Sale
$1,999,999
Pending
High-floor corner residence with two bedrooms, private outdoor space, and full-service building amenities.
Property Size1,953 SF
Days on Market406
Property Features for 1485 5th Avenue 18/19H
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
doorman
live-in superintendent
indoor heated lap pool
sundeck
roof terrace with grill
fitness center
playroom
resident lounge with kitchen
package room
in-unit washer/dryer
central heating and air conditioning
oversized windows
drop-down projector
private terrace
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Mitchell H Simmons
(917) 531-5193
Source:
Nobleblackandpartners
Added: Sep 30, 2025
Changed: Nov 7
Last Checked: Nov 8 at 12:59PM
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 25th-floor corner residence at 1485 5th Avenue offers two bedrooms, two bathrooms, east and south exposures, and a 272-square-foot private terrace. The interior includes oversized windows, an open kitchen with granite countertops, stainless steel appliances, a professional-style gas range, peninsula seating, and substantial cabinetry. A walk-in closet and en-suite bathroom with soaking tub and separate glass-enclosed shower serve the primary bedroom. In-unit laundry, central heating and air conditioning, and a living-room projector are also included.
The full-service building was completed in 2007 and provides a full-time doorman, live-in superintendent, indoor heated lap pool, fitness center, playroom, resident lounge, landscaped roof terrace with grill, package room, and on-site parking. The property is near Whole Foods, Trader Joe’s, Target, and multiple subway lines, including the 2, 3, A, B, C, D, 4, 5, and 6, as well as Metro-North. A 421-a tax abatement remains in place.
The full-service building was completed in 2007 and provides a full-time doorman, live-in superintendent, indoor heated lap pool, fitness center, playroom, resident lounge, landscaped roof terrace with grill, package room, and on-site parking. The property is near Whole Foods, Trader Joe’s, Target, and multiple subway lines, including the 2, 3, A, B, C, D, 4, 5, and 6, as well as Metro-North. A 421-a tax abatement remains in place.
Key Highlights
- 272‑square‑foot private terrace with open city and Central Park views
- 25th‑floor corner residence with east and south exposures
- Two bedrooms and two bathrooms with oversized windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,104
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,080
$1.2M
Cap Rate 7%
$872,914
$872.9K
Cap Rate 9%
$678,933
$678.9K
Market Conditions
NOI Build-Up for 1,953 SF
Gross rent
$116.9K $59.88/SF
− Vacancy
−$5.8K −$2.99/SF
EGI
$111.1K $56.89/SF
− OpEx
−$50.0K −$25.60/SF
NOI
$61.1K $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%
$1,222,080
Cap Rate 7%
$872,914
Cap Rate 9%
$678,933
Alternative Uses
Best Use
Apartment 5plus
$872.9K
$763.8K – $1.02M
NOI $61,104 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.19M – $1.59M
NOI $95,577 @ 7.0% cap · market cap 4.78%
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
8,717
Businesses Nearby
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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
$663,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - High-floor corner residence with two bedrooms, private outdoor space, and full-service building amenities.
Where is this residential income property located?
The property is located at 1485 5th Avenue 18/19H Manhattan, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 272‑square‑foot private terrace with open city and Central Park views; 25th‑floor corner residence with east and south exposures; Two bedrooms and two bathrooms with oversized windows throughout
