Residential Income Property with
5 W 127TH Street 3B, Manhattan, NY 10027
For Sale
$895,000
The two-bedroom condominium includes an open kitchen, private outdoor space, and a dedicated laundry room.
Property Size800 SF
Price / SF$1,118
Days on Market63
Property Features for 5 W 127TH Street 3B
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
virtual doorman
secure package room
fitness center
bike storage
shared roof deck
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Leanne Stella
(917) 273-4405
Source:
Dallien
Added: Sep 8
Changed: Nov 9
Last Checked: Nov 8 at 3:57PM
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
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This 800-square-foot condominium, completed in 2012, has two bedrooms and two bathrooms. Its open kitchen connects with the living area, and glass doors open to a private balcony. The primary bedroom has an en suite bath and closet space. An in-unit washer and dryer are located in a separate laundry room with storage.
The building offers elevator access, a virtual doorman, a secure package room, a fitness center, bike storage, and a shared rooftop deck. The residence is at 5 W 127th Street in Central Harlem, between Lenox and Fifth Avenues. Marcus Garvey Park and the Mount Morris Park Historic District are a few blocks away. Subway service, Metro-North Rail, the M60-SBS to LaGuardia, and cross-town buses are accessible nearby.
The building offers elevator access, a virtual doorman, a secure package room, a fitness center, bike storage, and a shared rooftop deck. The residence is at 5 W 127th Street in Central Harlem, between Lenox and Fifth Avenues. Marcus Garvey Park and the Mount Morris Park Historic District are a few blocks away. Subway service, Metro-North Rail, the M60-SBS to LaGuardia, and cross-town buses are accessible nearby.
Key Highlights
- 800‑square‑foot condominium with two bedrooms and two bathrooms
- Private balcony and open kitchen adjoining the living area
- In‑unit washer and dryer in a dedicated laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 4.37%
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
7,755
Businesses Nearby
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Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
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Market
Average Price Trend$/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 - The two-bedroom condominium includes an open kitchen, private outdoor space, and a dedicated laundry room.
Where is this residential income property located?
The property is located at 5 W 127TH Street 3B Manhattan, 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: 800‑square‑foot condominium with two bedrooms and two bathrooms; Private balcony and open kitchen adjoining the living area; In‑unit washer and dryer in a dedicated laundry room
