Residential Income Property with
For Sale
$379,000
48 E 132ND Street 5E, New York City, NY 10037
Oversized studio residence with a separated sleeping area, in-unit laundry, and access to full-service building amenities.
Property Size444 SF
Price / SF$853.60
Days on Market157
Property Features for 48 E 132ND Street 5E
General Information
Standard status
Active
Size
444 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,232
Amenities
virtual doorman
package room
fitness center
landscaped courtyard
in-unit laundry
private terrace
Building Details
Building Size
444 SF
Year Built
2016
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Whitney S Osentoski · License #40OS1071061
(212) 381-2560
Source:
Bondnyre
Added: Jun 1
Changed: Oct 31
Last Checked: Nov 3 at 2:43PM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This 444-square-foot studio residence, completed in 2016, is arranged with a distinct king-sized sleeping alcove and separate areas for living and entertaining. A private balcony extends the usable living space, while the kitchen includes stainless steel appliances, a dishwasher, paneled cabinetry, and quartz countertops. Bosch in-unit laundry adds everyday convenience.
The Style provides a 24-hour monitored virtual doorman, package room, fitness center, and landscaped courtyard furnished for resident use. The property is in East Harlem, with restaurants, cafés, shopping, and multiple transportation options nearby. The residence is positioned for use as a primary home or investment property.
The Style provides a 24-hour monitored virtual doorman, package room, fitness center, and landscaped courtyard furnished for resident use. The property is in East Harlem, with restaurants, cafés, shopping, and multiple transportation options nearby. The residence is positioned for use as a primary home or investment property.
Key Highlights
- 444‑square‑foot oversized studio residence
- Separated king‑sized sleeping alcove creates distinct living and sleeping areas
- Private balcony and Bosch in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,892
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,840
$277.8K
Cap Rate 7%
$198,457
$198.5K
Cap Rate 9%
$154,356
$154.4K
Market Conditions
NOI Build-Up for 444 SF
Gross rent
$26.6K $59.88/SF
− Vacancy
−$1.3K −$2.99/SF
EGI
$25.3K $56.89/SF
− OpEx
−$11.4K −$25.60/SF
NOI
$13.9K $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%
$277,840
Cap Rate 7%
$198,457
Cap Rate 9%
$154,356
Alternative Uses
Best Use
Apartment 5plus
$198.5K
$173.7K – $231.5K
NOI $13,892 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$967.0K – $1.29M
NOI $77,363 @ 7.0% cap · market cap 20.41%
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
7,266
Businesses Nearby
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Business Placement
Demographics for 10037, NY
19,670
Population
11,218
Households
1.8
Avg Household Size
39
Median Age
43%
College-Educated
86%
High-School Grad
0.2 sq mi
ZIP Area
98,350
Density / Sq Mi
$51,250
Median Household Income
$54,349
Median Earnings
$1,406
Median Rent
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Frequently Asked Questions
What type of property is this?
Residential income property - Oversized studio residence with a separated sleeping area, in-unit laundry, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 48 E 132ND Street 5E New York City, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 444‑square‑foot oversized studio residence; Separated king‑sized sleeping alcove creates distinct living and sleeping areas; Private balcony and Bosch in‑unit laundry
