Junior Four Cooperative
35 Park Avenue 5J, Manhattan, NY 10016
For Sale
$699,000
Pending
A separate dining area adds flexibility to the apartment’s living space.
Property Size963 SF
Days on Market63
Property Features for 35 Park Avenue 5J
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
24-hour doorman
on-site garage
two laundry rooms
shared courtyard garden
Building Details
Building Size
Year Built
Listing Agency:
Sothebys International Realty
Listed By:
Michelle A Giannone
Source:
Irynaferenets
Added: Sep 8
Changed: Nov 3
Last Checked: Nov 9 at 8:47AM
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 963-square-foot cooperative apartment has an east-facing living room with oversized windows, a separate dining area, and a king-sized primary bedroom with two closets. Hardwood floors and a distinct dining space complete the layout. The building dates to 1955 and was designed by Sylvan Bien and Robert L. Bien, with Anthony Campagna & Sons as builder.
Building services include a 24-hour front doorman, eight-hour back doorman coverage, additional lobby staff, a porter, a handyman, and a live-in superintendent. Residents also have access to two laundry rooms, a shared courtyard garden, and an on-site garage with monthly parking available. Pets are not permitted.
The address is in Murray Hill, with Grand Central, Bryant Park, and The Morgan Library & Museum nearby.
Building services include a 24-hour front doorman, eight-hour back doorman coverage, additional lobby staff, a porter, a handyman, and a live-in superintendent. Residents also have access to two laundry rooms, a shared courtyard garden, and an on-site garage with monthly parking available. Pets are not permitted.
The address is in Murray Hill, with Grand Central, Bryant Park, and The Morgan Library & Museum nearby.
Key Highlights
- 963‑square‑foot east‑facing apartment
- Separate dining area and king‑sized primary bedroom
- Two primary‑bedroom closets, including one extra large
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,130
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,600
$602.6K
Cap Rate 7%
$430,429
$430.4K
Cap Rate 9%
$334,778
$334.8K
Market Conditions
NOI Build-Up for 963 SF
Gross rent
$57.7K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$54.8K $56.89/SF
− OpEx
−$24.7K −$25.60/SF
NOI
$30.1K $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%
$602,600
Cap Rate 7%
$430,429
Cap Rate 9%
$334,778
Alternative Uses
Best Use
Apartment 5plus
$430.4K
$376.6K – $502.2K
NOI $30,130 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$673.3K
$589.1K – $785.5K
NOI $47,128 @ 7.0% cap · market cap 6.74%
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
46,936
Businesses Nearby
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Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Market
Average Price Trend$/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 - A separate dining area adds flexibility to the apartment’s living space.
Where is this residential income property located?
The property is located at 35 Park Avenue 5J Manhattan, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 963‑square‑foot east‑facing apartment; Separate dining area and king‑sized primary bedroom; Two primary‑bedroom closets, including one extra large
