Duplex Residential Income
345 E 50TH Street 5A, Manhattan, NY 10022
For Sale
$925,000
Pending
Two-level residence with a private terrace, balcony, luxury kitchen, and access to full-service condominium amenities.
Property Size924 SF
Days on Market56
Property Features for 345 E 50TH Street 5A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
fitness center
yoga room
in-unit washer/dryer
private terrace
private balcony
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Jonathan D Schulz · License NY #10401208840
(917) 293-7927
Source:
Carytamura
Added: Sep 15
Changed: Nov 8
Last Checked: Nov 8 at 12:02PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
Located at 345 E 50th Street in New York City, this 924-square-foot duplex residential property offers one bedroom and 1.5 bathrooms across two levels. The upper floor contains the bedroom suite, which opens to a private terrace with skyline views. The main level features an open living and dining area, a separate powder room, and a private balcony.
The kitchen includes Sub-Zero, Bosch, Miele, Fisher & Paykel, and wine refrigeration appliances, along with stone counters and custom cabinetry. Additional interior features include an in-unit washer and dryer and Brazilian cherry wood flooring. The property is within M at Beekman, a full-service boutique condominium with a 24-hour doorman, fitness center, and yoga room. Built in 1900, it is situated in Midtown East near the United Nations and Grand Central Terminal.
The kitchen includes Sub-Zero, Bosch, Miele, Fisher & Paykel, and wine refrigeration appliances, along with stone counters and custom cabinetry. Additional interior features include an in-unit washer and dryer and Brazilian cherry wood flooring. The property is within M at Beekman, a full-service boutique condominium with a 24-hour doorman, fitness center, and yoga room. Built in 1900, it is situated in Midtown East near the United Nations and Grand Central Terminal.
Key Highlights
- 924 SF duplex with 1 bedroom and 1.5 bathrooms
- Private terrace with skyline views plus a separate balcony
- Kitchen with Sub‑Zero, Bosch, Miele, and Fisher & Paykel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,909
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,180
$578.2K
Cap Rate 7%
$412,986
$413.0K
Cap Rate 9%
$321,211
$321.2K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$55.3K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$52.6K $56.89/SF
− OpEx
−$23.7K −$25.60/SF
NOI
$28.9K $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%
$578,180
Cap Rate 7%
$412,986
Cap Rate 9%
$321,211
Alternative Uses
Best Use
Apartment 5plus
$413.0K
$361.4K – $481.8K
NOI $28,909 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$646.0K
$565.2K – $753.7K
NOI $45,219 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
38,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Market
Average Price Trend$/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 - Two-level residence with a private terrace, balcony, luxury kitchen, and access to full-service condominium amenities.
Where is this residential income property located?
The property is located at 345 E 50TH Street 5A Manhattan, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 924 SF duplex with 1 bedroom and 1.5 bathrooms; Private terrace with skyline views plus a separate balcony; Kitchen with Sub‑Zero, Bosch, Miele, and Fisher & Paykel appliances
