One-Bedroom Residential Income
For Sale
$995,000
18 W 48th Street 10E, Manhattan, NY 10036
A tenant-occupied condominium residence combines a full-service building setting with direct views of Rockefeller Plaza.
Property Size918 SF
Price / SF$1,083
Days on Market27
Property Features for 18 W 48th Street 10E
General Information
Standard status
Active
Size
918 SF
Property subtype
Apartment
Occupancy
100%
Financials
Gross Income
$64,800
Average Monthly Rent
$5,400
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$20,210
Amenities
doorman
concierge
live-in resident manager
fitness center
residents' lounge
lounge with professional catering kitchen and bar
business center with two conference rooms
landscaped courtyards
pet-friendly
washer/dryer in-unit
Building Details
Building Size
918 SF
Year Built
2005
Tenancy
Single
Listing Agency:
Compass
Listed By:
Dylan Hildreth Hoffman
(646) 431-2260
Source:
Serhant
Added: Oct 5
Changed: Oct 31
Last Checked: Oct 30 at 11:47PM
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 918-square-foot condominium residence has one bedroom and one-and-a-half bathrooms. The layout includes a 23-foot-long great room, a Pullman kitchen, an en suite marble bathroom, a separate powder room, and an in-unit washer and dryer. North- and south-facing windows provide views toward Rockefeller Plaza, and the bedroom has reach-in closets and space for a home office area.
The building provides 24-hour doorman and concierge service, a resident manager, a fitness center, a residents’ lounge, a business center, and landscaped courtyards. The residence is tenant-occupied through the end of October 2026.
The building provides 24-hour doorman and concierge service, a resident manager, a fitness center, a residents’ lounge, a business center, and landscaped courtyards. The residence is tenant-occupied through the end of October 2026.
Key Highlights
- 918‑square‑foot residence with one bedroom and one‑and‑a‑half bathrooms
- Direct views of Rockefeller Plaza
- 23‑foot‑long great room and Pullman kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,722
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,440
$574.4K
Cap Rate 7%
$410,314
$410.3K
Cap Rate 9%
$319,133
$319.1K
Market Conditions
NOI Build-Up for 918 SF
Gross rent
$55.0K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$52.2K $56.89/SF
− OpEx
−$23.5K −$25.60/SF
NOI
$28.7K $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%
$574,440
Cap Rate 7%
$410,314
Cap Rate 9%
$319,133
Alternative Uses
Best Use
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,722 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,952 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87,472
Businesses Nearby
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Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A tenant-occupied condominium residence combines a full-service building setting with direct views of Rockefeller Plaza.
Where is this residential income property located?
The property is located at 18 W 48th Street 10E Manhattan, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 918‑square‑foot residence with one bedroom and one‑and‑a‑half bathrooms; Direct views of Rockefeller Plaza; 23‑foot‑long great room and Pullman kitchen
