Eighth-Floor Corner One-Bedroom
For Sale
$570,000
345 E 52nd Street 8G, New York City, NY 10022
Oversized one-bedroom corner apartment on the eighth floor with a separate kitchen, bay window, and skyline views.
Property Size850 SF
Price / SF$670.59
Days on Market105
Property Features for 345 E 52nd Street 8G
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
24-hour doorman
rooftop terrace
common storage
Building Details
Building Size
850 SF
Year Built
1959
Listing Agency:
Compass
(347) 463-8128
Listed By:
Eileen M Foy · License #30FO0888086
(347) 463-8128
Source:
Lenasimpson
Added: Apr 28
Changed: Aug 8
Last Checked: Aug 10 at 10:09AM
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 Compass
Investment Insights
Based on property information with market context.
Apartment 8G at 345 East 52nd Street is an oversized one-bedroom corner home on the eighth floor. The layout includes a spacious living room with leafy treetop vistas and skyline views, plus a separate kitchen and a dining alcove that adds flexibility for everyday living. The bedroom offers a quiet retreat with a bay window framing an oversized space, and there is ample closet storage throughout. A pristine bathroom completes the residence, and the home has room to set up an office area. Interior finishes include gleaming hardwood floors.
The cooperative is well managed and offers a 24-hour doorman and an elegant lobby with newly designed hallways. Residents can enjoy a rooftop terrace and have access to common storage. Garage parking is available with a wait list. The co-op is pet-friendly, allows pied-a-terres, and supports gifting, with up to 75% financing permitted.
Built in 1959, this Turtle Bay residence is positioned for convenient city living, with nearby Whole Foods and Trader Joe’s, as well as dining options and easy access to the FDR Drive, Midtown, and the UN.
The cooperative is well managed and offers a 24-hour doorman and an elegant lobby with newly designed hallways. Residents can enjoy a rooftop terrace and have access to common storage. Garage parking is available with a wait list. The co-op is pet-friendly, allows pied-a-terres, and supports gifting, with up to 75% financing permitted.
Built in 1959, this Turtle Bay residence is positioned for convenient city living, with nearby Whole Foods and Trader Joe’s, as well as dining options and easy access to the FDR Drive, Midtown, and the UN.
Key Highlights
- Apartment 8G is an oversized one‑bedroom corner home on the eighth floor
- Living room features leafy treetop vistas and iconic skyline views
- Separate kitchen plus dining alcove for flexible use
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
$26,594
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
4.67%
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%
$531,880
$531.9K
Cap Rate 7%
$379,914
$379.9K
Cap Rate 9%
$295,489
$295.5K
Market Conditions
NOI Build-Up for 850 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
$50.9K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$48.4K $56.89/SF
− OpEx
−$21.8K −$25.60/SF
NOI
$26.6K $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%
$531,880
Cap Rate 7%
$379,914
Cap Rate 9%
$295,489
Alternative Uses
Best Use
Apartment 5plus
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 25.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Oversized one-bedroom corner apartment on the eighth floor with a separate kitchen, bay window, and skyline views.
Where is this residential income property located?
The property is located at 345 E 52nd Street 8G New York City, NY.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Apartment 8G is an oversized one‑bedroom corner home on the eighth floor; Living room features leafy treetop vistas and iconic skyline views; Separate kitchen plus dining alcove for flexible use
