Prewar One-Bedroom
New
For Sale
$895,000
480 PARK Avenue 15J, New York City, NY 10022
The residence pairs a wood-burning fireplace with a spacious bedroom and in-unit washer and dryer.
Property Size966 SF
Price / SF$895
Days on Market5
Property Features for 480 PARK Avenue 15J
General Information
Standard status
Active
Size
966 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Amenities
wood-burning fireplace
washer/dryer
24-hour doorman
concierge
fitness center
roof deck
Building Details
Building Size
966 SF
Year Built
1929
Listing Agency:
Corcoran Group
Listed By:
Katherine S Slattery · License #30SL0510041 (NY)
(917) 855-0222
Source:
Serhant
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 11:30PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 966-square-foot, one-bedroom apartment occupies a 1929 prewar building and features 10-foot ceilings. The living room includes a wood-burning fireplace and space for both seating and dining. A large bedroom accommodates a sitting or work area and includes a walk-in closet. The kitchen and bathroom have been updated; the bathroom has a tub and shower, and the apartment includes a washer and dryer.
Building amenities include a 24-hour doorman, concierge, fitness center, and landscaped roof deck. Pied-à-terres and pets are permitted.
Building amenities include a 24-hour doorman, concierge, fitness center, and landscaped roof deck. Pied-à-terres and pets are permitted.
Key Highlights
- 966‑square‑foot one‑bedroom apartment
- 10‑foot ceilings and wood‑burning fireplace
- Large bedroom with walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,287
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,740
$625.7K
Cap Rate 7%
$446,957
$447.0K
Cap Rate 9%
$347,633
$347.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$59.9K $59.88/SF
− Vacancy
−$3.0K −$2.99/SF
EGI
$56.9K $56.89/SF
− OpEx
−$25.6K −$25.60/SF
NOI
$31.3K $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%
$625,740
Cap Rate 7%
$446,957
Cap Rate 9%
$347,633
Alternative Uses
Best Use
Apartment 5plus
$447.0K
$391.1K – $521.5K
NOI $31,287 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,240 @ 7.0% cap · market cap 19.47%
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
49,964
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
Frequently Asked Questions
What type of property is this?
Residential income property - The residence pairs a wood-burning fireplace with a spacious bedroom and in-unit washer and dryer.
Where is this residential income property located?
The property is located at 480 PARK Avenue 15J New York City, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 966‑square‑foot one‑bedroom apartment; 10‑foot ceilings and wood‑burning fireplace; Large bedroom with walk‑in closet
