Residential Income Condo with
120 W 58TH Street 2C, Manhattan, NY 10019
For Sale
$725,000
A one-bedroom residence includes a windowed den/office and a renovated, windowed bathroom.
Property Size665 SF
Price / SF$1,090
Days on Market53
Property Features for 120 W 58TH Street 2C
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pet-friendly
live-in super
part-time doorman
laundry room
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Allyn S Hartstein · License NY 30HA1018411
(917) 656-4864
Source:
Irynaferenets
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 9 at 2:28PM
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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Investment Insights
Based on property information with market context.
This 665-square-foot condominium in a 1923 pre-war building has one bedroom, one bathroom and a separate windowed den or office. The home features 9.4-foot ceilings, light hardwood floors and an open kitchen with new appliances and ample storage. The bathroom has been renovated and includes a window. Building amenities include an elevator, on-site laundry, a live-in superintendent and a part-time doorman; pets are permitted.
The residence is in the Central Park South area, near Central Park, with dining, shopping and entertainment options nearby.
The residence is in the Central Park South area, near Central Park, with dining, shopping and entertainment options nearby.
Key Highlights
- 665‑square‑foot, one‑bedroom condominium with a separate windowed den/office
- 9.4‑foot ceilings and light hardwood floors
- Open kitchen with new appliances and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,806
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,120
$416.1K
Cap Rate 7%
$297,229
$297.2K
Cap Rate 9%
$231,178
$231.2K
Market Conditions
NOI Build-Up for 665 SF
Gross rent
$39.8K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$37.8K $56.89/SF
− OpEx
−$17.0K −$25.60/SF
NOI
$20.8K $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%
$416,120
Cap Rate 7%
$297,229
Cap Rate 9%
$231,178
Alternative Uses
Best Use
Apartment 5plus
$297.2K
$260.1K – $346.8K
NOI $20,806 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.9K
$406.8K – $542.4K
NOI $32,544 @ 7.0% cap · market cap 4.49%
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
51,761
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Market
Average Price Trend$/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 - A one-bedroom residence includes a windowed den/office and a renovated, windowed bathroom.
Where is this residential income property located?
The property is located at 120 W 58TH Street 2C Manhattan, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 665‑square‑foot, one‑bedroom condominium with a separate windowed den/office; 9.4‑foot ceilings and light hardwood floors; Open kitchen with new appliances and ample storage
