1212 5th Ave · New York, NY 10029

$50,000

2 bd · 1.0 ba · 120,942 sqft · Condo public records · 9 Days on market

Built 1925

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• Appreciation +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0

Listing remarks

1212 Fifth Avenue is the meticulously and comprehensively renovated prewar condominium sponsored by Durst Fetner Residential with interiors by the acclaimed firm of S. Russell Groves. Designed in 1925 by Edward and George Blum, both graduates of the renowned Ecole des Beaux-Arts in Paris; the Blum brothers specialized in Art Deco and Art Nouveau styles of architecture; of which several notable New York City buildings of theirs survive today. The pre-war charm of 1212 Fifth Avenue has been preserved in new layouts reflecting modern living sensibilities. Homes range in size from one to four bedrooms plus a three-bedroom Penthouse with a 2,165 Square Foot wrap terrace. All residences, three be

Key facts

• Residents lounge
• Bike room
• Children's playroom

Tags

• RENOVATED PREWAR CONDOMINIUM
• 24/7 CONCIERGE ATTENDED LOBBY
• RESIDENTS LOUNGE
• CHILDREN'S PLAYROOM
• GREEN BUILDING FEATURES
• BIKE ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $50k.

Deal economics

• At list price, monthly cash flow is $-214k ($-2.57M/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $50k).
• Cap rate -5135.9% vs local median 2.6% in New York — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+4.5%/yr); 96 active listings in the ZIP; lower-income renter base — watch delinquency; 4,467 units permitted in New York County in 2024 (4,463 in 5+ unit buildings).
• At $4,968/mo this rent would consume 154% of the median local household income ($39k/yr) (locally 8791% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $4k of equity ($346 loan paydown + $3k appreciation (6.3% local appreciation)).
• New York County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 4385% of rent; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,000

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 9.94% ✓
• Cap rate: -5135.90%
• Cash-on-cash: -18364.96%
• DSCR: -816.14
• GRM: 0.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.32% appreciation · 4.5% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: -962.52×
• Total profit: $-13,489,243
• Equity at exit: $32,447

10-year hold

• IRR: —
• Equity multiple: -2049.71×
• Total profit: $-28,709,875
• Equity at exit: $59,737

Cash invested: $14,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10029

• Home prices YoY: 1.9%
• Rents YoY: 4.5%
• Active inventory: 96
• Price-to-rent: 0.8×

Monthly cashflow live

• Estimated rent: $4,968 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA est. from 4 same-building comps: −$217,837
• Vacancy / Maint / Mgmt: −$1,043
• Net cashflow: $-214,258

Break-even live

Break-even rent $276,180

Max offer price —

Occupancy floor —

Sensitivity live

Price	-10% $-214,223	-5% $-214,241	+0% $-214,258	+5% $-214,275	+10% $-214,292
Rent	-10% $-214,650	-5% $-214,454	+0% $-214,258	+5% $-214,062	+10% $-213,865
Rate	-1.0pp $-214,233	-0.5pp $-214,245	base $-214,258	+0.5pp $-214,271	+1.0pp $-214,284

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 4 events

1. 2026-06-03
   days on market $50,000 Active 9 DOM
2. 2026-06-01
   days on market $50,000 Active 7 DOM
3. 2026-05-31
   days on market $50,000 Active 6 DOM
4. 2026-05-26
   listed $50,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $59,615
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$4,769
• − Management: −$4,769
• − HOA: −$2,614,044
• − Depreciation: −$1,455
• Taxable loss: −$2,569,222
• Est. tax savings @ 24.0%: +$616,613
• After-tax cash flow: $-1,954,481/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: New York County · 1,599,927 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 77,447
• Household income: $38,695
• Rent vs Own: 92.8% rent · 7.2% own
• Severe rent burden: 8791.0

Population outlook (New York County) Hauer SSP2

• Today (2025): 1,825,725 people
• By 2030: 1,904,611 · +4.3%
• By 2040: 2,052,719 · +12.4%
• By 2050: 2,206,601 · +20.9%
• By 2075: 2,509,427 · +37.4%
• By 2100: 2,702,933 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Hispanic / Latino 42% Black 28% White 14% Two or more races 12% Asian 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 19% Dominican 10%
• Common ancestry: Romanian 2% Scotch-Irish 1% Lithuanian 0%
• Foreign-born: 26% · Canada, China, South Korea
• Languages at home: 50% English-only · Spanish 33% Chinese 7% Other Indo-European 3%

Political lean MEDSL · New York

• 2024 margin: Solid D (+64.8) · D 82.4% · R 17.6%
• 2008→2024 swing: -7.4pp toward R · 2008: 72.2pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+74.5 2016: D+77.2 2012: D+69.6 2008: D+72.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.32%
• Current HPI: 333.4025
• Rent YoY: ▲ 4.50%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

1 event — show timeline

• 2026-05-26 Listed $50,000 FSBO.com

Property tax history

+20.8%/yr

Latest (2017): $30,301 · +24.2% YoY. Source: county tax records.