Two-Bedroom Residential Income
2056 5th Avenue 6D, Manhattan, NY 10035
For Sale
$1,215,000
The apartment combines an open living area, separate dining space, in-unit laundry, and central air conditioning.
Property Size1,325 SF
Price / SF$916.98
Days on Market117
Property Features for 2056 5th Avenue 6D
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
shared outdoor terrace
grilling area
fitness center
free storage
bike room
virtual doorman
package room
secure entry system
Building Details
Building Size
Year Built
Construction
Listing Agency:
Sothebys International Realty
Listed By:
Jose A Davila
(212) 755-1500
Source:
Irynaferenets
Added: Jul 16
Changed: Nov 8
Last Checked: Nov 8 at 7:39PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This 1,325-square-foot residence has two bedrooms and two full bathrooms, with tall ceilings and bamboo hardwood floors. The open living room is flanked by north- and south-facing windows, while a distinct dining area accommodates a table for six to eight. The kitchen features stainless steel appliances, a built-in microwave, natural stone counters, and an island with a sink. The primary suite includes a soaking tub, separate glass shower, and double vanity; the second bedroom can also serve as an office or guest room. Central A/C, a washer and dryer, and a storage unit are included.
The home is in a 1920 Beaux-Arts condominium building with a lobby, package room, elevator, virtual doorman, and secure entry. Building amenities include a shared terrace with grilling area, fitness center, and bike room. The current tenant is willing either to remain or to vacate.
The home is in a 1920 Beaux-Arts condominium building with a lobby, package room, elevator, virtual doorman, and secure entry. Building amenities include a shared terrace with grilling area, fitness center, and bike room. The current tenant is willing either to remain or to vacate.
Key Highlights
- Two bedrooms and two full bathrooms in 1,325 square feet
- 1920 Beaux‑Arts condominium building
- Central A/C, washer and dryer, and a storage unit included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,456
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,120
$829.1K
Cap Rate 7%
$592,229
$592.2K
Cap Rate 9%
$460,622
$460.6K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$79.3K $59.88/SF
− Vacancy
−$4.0K −$2.99/SF
EGI
$75.4K $56.89/SF
− OpEx
−$33.9K −$25.60/SF
NOI
$41.5K $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%
$829,120
Cap Rate 7%
$592,229
Cap Rate 9%
$460,622
Alternative Uses
Best Use
Apartment 5plus
$592.2K
$518.2K – $690.9K
NOI $41,456 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$926.3K
$810.6K – $1.08M
NOI $64,844 @ 7.0% cap · market cap 5.34%
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
7,755
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
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - The apartment combines an open living area, separate dining space, in-unit laundry, and central air conditioning.
Where is this residential income property located?
The property is located at 2056 5th Avenue 6D Manhattan, NY.
What is the asking price?
The asking price for this property is $1,215,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,325 square feet; 1920 Beaux‑Arts condominium building; Central A/C, washer and dryer, and a storage unit included
