One-Bedroom Residential Income
For Sale
$625,000
424 W 49th Street 5A, Manhattan, NY 10019
Six-story elevator condominium with private storage, shared laundry, and a pet-friendly policy.
Property Size620 SF
Price / SF$1,008
Days on Market55
Property Features for 424 W 49th Street 5A
General Information
Standard status
Active
Size
620 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,731
Amenities
private storage
communal washer and dryer
pet-friendly
Building Details
Building Size
620 SF
Year Built
1910
Stories
6
Listing Agency:
Compass
Listed By:
Mariko A Decouto
(646) 300-1630
Source:
Carlinwright
Added: Sep 11
Changed: Nov 1
Last Checked: Nov 3 at 3:02PM
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 Compass
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Investment Insights
Based on property information with market context.
Residence 5A is a 620-square-foot, one-bedroom condominium with a bright, well-proportioned interior. The layout includes a spacious living area with room for seating and dining, while a kitchen pass-through creates visual connection between the two spaces without eliminating their separation. Private storage is included, and the building provides communal laundry facilities.
The property is located at 424 W 49th Street in Midtown West’s Hell’s Kitchen. The six-story elevator condominium was built in 1910 and allows pets. Broadway theaters, Restaurant Row, Lincoln Center, and Central Park are nearby, with access to the C/E, 1, N, R, and W subway lines. The residence is identified as unit 5A.
The property is located at 424 W 49th Street in Midtown West’s Hell’s Kitchen. The six-story elevator condominium was built in 1910 and allows pets. Broadway theaters, Restaurant Row, Lincoln Center, and Central Park are nearby, with access to the C/E, 1, N, R, and W subway lines. The residence is identified as unit 5A.
Key Highlights
- 620‑square‑foot one‑bedroom condominium
- Unit 5A in a six‑story elevator condominium
- Private storage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,398
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,960
$388.0K
Cap Rate 7%
$277,114
$277.1K
Cap Rate 9%
$215,533
$215.5K
Market Conditions
NOI Build-Up for 620 SF
Gross rent
$37.1K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$35.3K $56.89/SF
− OpEx
−$15.9K −$25.60/SF
NOI
$19.4K $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%
$387,960
Cap Rate 7%
$277,114
Cap Rate 9%
$215,533
Alternative Uses
Best Use
Apartment 5plus
$277.1K
$242.5K – $323.3K
NOI $19,398 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $108,029 @ 7.0% cap · market cap 17.28%
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
42,091
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 - Six-story elevator condominium with private storage, shared laundry, and a pet-friendly policy.
Where is this residential income property located?
The property is located at 424 W 49th Street 5A Manhattan, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 620‑square‑foot one‑bedroom condominium; Unit 5A in a six‑story elevator condominium; Private storage included
