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Investment Opportunity – Condo for Sale at 51 5th Avenue, New York, NY

Address: 51 5th Avenue, New York, NY, 10001
Price: $395,000
Sale Type: Investment or Owner-User
Type: 3-Star Hi-Rise Apartments Condo

Property Overview:

Located in the heart of Manhattan, 51 5th Avenue presents a prime investment or owner-user opportunity in one of NYC’s most sought-after residential locations. This 16-story, 89-unit high-rise condo building offers strong rental potential with a market-rate rent structure, making it an ideal choice for investors looking for stable returns or individuals seeking a prestigious Fifth Avenue address.

Key Features:

Prime Fifth Avenue Location:

• Situated on Fifth Avenue, one of the most iconic and prestigious addresses in New York City.
• Steps from Union Square, Washington Square Park, and Greenwich Village, ensuring high demand for luxury residential units.
• Surrounded by high-end retail, fine dining, and cultural institutions, attracting a mix of professionals, creatives, and affluent residents.

Strong Investment Potential:

• 89 residential units with market-rate rental potential, providing consistent cash flow for investors.
• High-demand area with a low vacancy rate, ensuring steady appreciation and rental income growth.
• Attractive price point at $395,000, making it an accessible entry into Manhattan real estate investment.

Building Specifications:

• 16-story residential high-rise with a Gross Building Area (GBA) of 108,418 SF.
• Typical floor size: 6,662 SF, designed for spacious, well-appointed residential units.
• Class B property, offering opportunities for value-add renovations and increased rental potential.

Excellent Transit Access:

• Steps from major subway lines (4, 5, 6, N, Q, R, W, L, F, M, 1, 2, 3), ensuring seamless access for residents and commuters.
• Close to Penn Station and Grand Central Terminal, providing easy regional and national connectivity.

High-Demand Residential Market:

• Fifth Avenue remains one of the most desirable addresses in NYC, making this an ideal property for rental investment or owner-occupancy.
• Ideal for investors seeking stable, long-term rental income or buyers looking for an affordable residential unit in a prime location.

Highlights:

✔ Condo for sale in a 16-story high-rise on Fifth Avenue
✔ $395,000 sale price with strong rental demand and appreciation potential
✔ Located in a prestigious residential and commercial district
✔ Surrounded by high-end shopping, dining, and cultural landmarks
✔ Convenient transit access, steps from subway lines and major commuter hubs

Conclusion:

51 5th Avenue presents an exceptional opportunity for both investors and owner-users seeking a high-value condo in a prime Manhattan location. With strong rental potential, a prestigious Fifth Avenue address, and long-term appreciation prospects, this property is perfect for those looking to invest in one of NYC’s most exclusive neighborhoods.

Contact us today to schedule a private tour and secure this prime investment property!