Residential Income Property with Roof
For Sale
$350,000
345 E 52nd Street 4K, New York City, NY 10022
Cooperative residence featuring double-pane windows, hardwood floors, generous closets, and a kitchen with ample cabinetry.
Property Size500 SF
Days on Market121
Property Features for 345 E 52nd Street 4K
General Information
Standard status
Active
Size
500 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
24-hour doorman service
landscaped roof deck
common outdoor space
parking available
Building Details
Building Size
500 SF
Year Built
1900
Listing Agency:
Highline Residential LLC
(646) 331-2958
Listed By:
GRAYCE KELLE CANDIDO
(646) 331-2958
Source:
Tricialee
Added: Apr 13
Changed: Aug 10
Last Checked: Aug 10 at 9:49AM
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 Highline Residential LLC
Investment Insights
Based on property information with market context.
This fourth-floor cooperative residence offers a well-defined interior with separate areas for living, dining, and sleeping. Double-pane windows bring northern exposure, open-sky outlooks, and views toward landscaped greenery. Warm hardwood flooring, substantial closet storage, and a kitchen equipped with extensive cabinetry and preparation surfaces complete the layout. The residence is described as larger and more functional than a conventional studio.
Building amenities include 24-hour doorman service, a landscaped roof deck, common outdoor space, available parking, and permission for dogs. The property is located at 345 E 52nd Street in New York City’s Turtle Bay area, near the East River promenade and Midtown destinations including The Grill and Lobster Club. The building dates to 1900.
Building amenities include 24-hour doorman service, a landscaped roof deck, common outdoor space, available parking, and permission for dogs. The property is located at 345 E 52nd Street in New York City’s Turtle Bay area, near the East River promenade and Midtown destinations including The Grill and Lobster Club. The building dates to 1900.
Key Highlights
- Fourth‑floor cooperative residence with defined living, dining, and sleeping areas
- Double‑pane windows provide northern exposure and views toward landscaped greenery
- Kitchen includes extensive cabinetry and preparation surfaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,644
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,880
$312.9K
Cap Rate 7%
$223,486
$223.5K
Cap Rate 9%
$173,822
$173.8K
Market Conditions
NOI Build-Up for 500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.9K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$28.4K $56.89/SF
− OpEx
−$12.8K −$25.60/SF
NOI
$15.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,880
Cap Rate 7%
$223,486
Cap Rate 9%
$173,822
Alternative Uses
Best Use
Apartment 5plus
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 24.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,411
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Cooperative residence featuring double-pane windows, hardwood floors, generous closets, and a kitchen with ample cabinetry.
Where is this residential income property located?
The property is located at 345 E 52nd Street 4K New York City, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fourth‑floor cooperative residence with defined living, dining, and sleeping areas; Double‑pane windows provide northern exposure and views toward landscaped greenery; Kitchen includes extensive cabinetry and preparation surfaces
