One-Bedroom Residential Income
New
For Sale
$995,000
18 W 48th Street 10E, New York City, 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 Market4
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 7
Last Checked: Oct 7 at 1:31PM
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 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.
Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87,472
Businesses Nearby
Explore this area
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 New York City, 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
