One-Bedroom Residential
For Sale
$672,000
414 W 54TH Street 5C, New York City, NY 10019
Original hardwood floors and a galley kitchen complement the unit’s practical layout.
Property Size660 SF
Price / SF$1,018
Days on Market11
Property Features for 414 W 54TH Street 5C
General Information
Standard status
Active
Size
660 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$11,436
Amenities
discrete virtual doorman
beautifully landscaped roof deck
convenient central laundry facilities
welcoming pet-friendly environment
Building Details
Building Size
660 SF
Year Built
1986
Stories
7
Tenancy
Multi
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Nicholas E Polihros · License #10301211981
(917) 952-2940
Source:
Carlinwright
Added: Oct 9
Changed: Oct 17
Last Checked: Oct 16 at 6:25PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath residence offers approximately 660 square feet, with original hardwood flooring, a galley kitchen, and a generously sized closet. It is located in The Abbey, a 34-home residential building completed in 1986 and arranged across seven floors.
Building features include a landscaped rooftop deck with city views, a virtual doorman, central laundry facilities, and a pet-friendly environment. The property is near Columbus Circle, Central Park, Lincoln Center, the Time Warner Center, Hell’s Kitchen, the Theatre District, and transportation at Columbus Circle and 57th Street.
Building features include a landscaped rooftop deck with city views, a virtual doorman, central laundry facilities, and a pet-friendly environment. The property is near Columbus Circle, Central Park, Lincoln Center, the Time Warner Center, Hell’s Kitchen, the Theatre District, and transportation at Columbus Circle and 57th Street.
Key Highlights
- One bedroom and one bathroom in approximately 660 square feet
- Original hardwood floors, galley kitchen, and generously sized closet
- The Abbey has 34 homes across seven floors and was built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,650
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,000
$413.0K
Cap Rate 7%
$295,000
$295.0K
Cap Rate 9%
$229,444
$229.4K
Market Conditions
NOI Build-Up for 660 SF
Gross rent
$39.5K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$37.5K $56.89/SF
− OpEx
−$16.9K −$25.60/SF
NOI
$20.6K $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%
$413,000
Cap Rate 7%
$295,000
Cap Rate 9%
$229,444
Alternative Uses
Best Use
Apartment 5plus
$295.0K
$258.1K – $344.2K
NOI $20,650 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $114,998 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
30,982
Businesses Nearby
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Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Original hardwood floors and a galley kitchen complement the unit’s practical layout.
Where is this residential income property located?
The property is located at 414 W 54TH Street 5C New York City, NY.
What is the asking price?
The asking price for this property is $672,000.
What are key features of this property?
This property features: One bedroom and one bathroom in approximately 660 square feet; Original hardwood floors, galley kitchen, and generously sized closet; The Abbey has 34 homes across seven floors and was built in 1986
