Residential Income Property with
For Sale
$1,495,000
1485 5th Avenue 25D, New York City, NY 10035
A corner apartment pairs a private outdoor area with east and south exposures and shared building amenities.
Property Size1,379 SF
Price / SF$1,084
Days on Market99
Property Features for 1485 5th Avenue 25D
General Information
Standard status
Active
Size
1,379 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$168
Amenities
full-time doorman
live-in superintendent
indoor heated lap pool
adjacent sundeck
large landscaped roof terrace with grill
fitness center
playroom
resident lounge with kitchen
package room
on-site parking
in-unit washer and dryer
central heating and air conditioning
Building Details
Building Size
1,379 SF
Year Built
2007
Listing Agency:
Compass
Listed By:
Josue Galdos
(917) 319-2990
Source:
Irynaferenets
Added: Jul 29
Changed: Nov 1
Last Checked: Nov 4 at 7:52AM
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.
Set on the 25th floor, this corner apartment has east and south exposures, two bedrooms, and two bathrooms. A 272-square-foot private terrace extends the living area outdoors, with views that include Central Park. Interior features include a peninsula kitchen with granite counters and stainless steel appliances, an in-unit washer and dryer, central heating and air conditioning, and a projector in the living area. The building dates to 2007.
Residents have access to a full-time doorman, live-in superintendent, indoor heated lap pool, fitness center, playroom, resident lounge with kitchen, landscaped roof terrace with grill, package room, and on-site parking. Nearby transit options include the 2, 3, A, B, C, D, 4, 5, and 6 trains, as well as Metro-North. Whole Foods, Trader Joe’s, and Target are described as a few blocks away.
Residents have access to a full-time doorman, live-in superintendent, indoor heated lap pool, fitness center, playroom, resident lounge with kitchen, landscaped roof terrace with grill, package room, and on-site parking. Nearby transit options include the 2, 3, A, B, C, D, 4, 5, and 6 trains, as well as Metro-North. Whole Foods, Trader Joe’s, and Target are described as a few blocks away.
Key Highlights
- 272‑square‑foot private terrace
- Corner apartment on the 25th floor with east and south exposures
- Two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,145
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
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
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 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.
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A corner apartment pairs a private outdoor area with east and south exposures and shared 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; Corner apartment on the 25th floor with east and south exposures; Two bedrooms and two bathrooms
