Corner Residential Income
For Sale
$1,495,000
1485 5th Avenue 25D, New York City, NY 10035
High-floor corner residence with two bedrooms, private outdoor space, and full-service building amenities.
Property Size1,379 SF
Price / SF$1,084
Days on Market18
Property Features for 1485 5th Avenue 25D
General Information
Standard status
Active
Size
1,379 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$168
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
1,379 SF
Year Built
2007
Listing Agency:
Compass
(917) 319-2990
Listed By:
Josue Galdos
(917) 319-2990
Source:
Carlinwright
Added: Jul 29
Changed: Aug 14
Last Checked: Aug 14 at 1:12PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,145
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,900
$862.9K
Cap Rate 7%
$616,357
$616.4K
Cap Rate 9%
$479,389
$479.4K
Market Conditions
NOI Build-Up for 1,379 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.6K $59.88/SF
− Vacancy
−$4.1K −$2.99/SF
EGI
$78.4K $56.89/SF
− OpEx
−$35.3K −$25.60/SF
NOI
$43.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,900
Cap Rate 7%
$616,357
Cap Rate 9%
$479,389
Alternative Uses
Best Use
Apartment 5plus
$616.4K
$539.3K – $719.1K
NOI $43,145 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.43M
$3.00M – $4.00M
NOI $240,277 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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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 25D New York City, NY.
What is the asking price?
The asking price for this property is $1,495,000.
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
