Full-Floor Residential Income
For Lease
$12,000/Mo
242 5th Avenue Unit 2, Manhattan, NY 10001
Two-bedroom rental residence with private elevator access, designer kitchen, marble finishes, and a balconied primary suite.
Space Size1,607 SF
Days on Market180
Property Features for 242 5th Avenue Unit 2
General Information
Standard status
Active
Size
1,607 SF
Net Rentable
1,607 SF
Property subtype
Mixed Use
Lease Term
Lease Length Min/Max: 12-24 mo
Space & Availability
Available Space
1,607 SF
Contiguous Space
1,607 SF
Divisible
No
Additional Details
Utilities to Site
Yes
Amenities
private balcony
Scavolini-designed kitchen
speed ovens
wine refrigerator
private elevator entry
in-unit washer and dryer
dedicated storage
wall-to-wall ceiling-height windows
Building Details
Year Built
1922
Construction
Queen Anne
Listing Agency:
Compass
(646) 675-5186
Listed By:
Ivy Kramp · License #10301208562
(646) 675-5186
Source:
Compass
Added: Mar 6
Changed: Aug 31
Last Checked: Aug 30 at 7:39AM
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.
Loft 2 occupies an entire floor within 242 Fifth Avenue and provides 1,607 square feet of residential space. The layout includes two bedrooms, two full bathrooms, a powder room, a primary suite with private balcony, and an open living and dining area. A Scavolini kitchen includes speed ovens and a wine refrigerator, while Calacatta marble appears throughout the bathrooms. Ceiling-height windows extend across the living spaces, and the residence also features private elevator entry, an in-unit washer and dryer, and dedicated storage.
The home is part of The Bow Building, a restored historic property with a Queen Anne-style cast iron façade and a curved corner facing Madison Square Park. The address places the residence in Manhattan’s NoMad neighborhood. Heat and hot water are paid by the tenant.
The home is part of The Bow Building, a restored historic property with a Queen Anne-style cast iron façade and a curved corner facing Madison Square Park. The address places the residence in Manhattan’s NoMad neighborhood. Heat and hot water are paid by the tenant.
Key Highlights
- Full‑floor residence with 1,607 square feet
- Two bedrooms, two full bathrooms, and one powder room
- Private balconied primary suite
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
72,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom rental residence with private elevator access, designer kitchen, marble finishes, and a balconied primary suite.
Where is this residential income property located?
The property is located at 242 5th Avenue Unit 2 Manhattan, NY.
What is the lease rate?
The lease rate is $12,000/Mo.
What are key features of this property?
This property features: Full‑floor residence with 1,607 square feet; Two bedrooms, two full bathrooms, and one powder room; Private balconied primary suite
