Residential Income Property with
For Sale
$1,125,000
400 W 58th Street 3JK, New York City, NY 10019
Two-bedroom cooperative residence with four exposures, en-suite baths, private laundry, and extensive built-in storage.
Property Size1,200 SF
Price / SF$937.50
Days on Market153
Property Features for 400 W 58th Street 3JK
General Information
Standard status
Active
Size
1,200 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
virtual doorman
basement storage
laundry room
dedicated laundry room
Building Details
Year Built
1957
Listing Agency:
Sothebys International Realty
Listed By:
Jeanne H Bucknam
(212) 606-7660
Source:
Bondnyre
Added: Jun 5
Changed: Oct 31
Last Checked: Nov 3 at 12:21PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This approximately 1,200-square-foot cooperative residence combines a flexible living arrangement with a well-defined private bedroom wing. The home includes two corner bedrooms, each with an en-suite windowed bathroom, along with a foyer, living room, home office or dining area, and a large kitchen with extensive cabinetry, countertop workspace, a center island, and wine refrigerator. Hardwood flooring, custom lighting, stonework, and dedicated closet areas add to the interior finish. A separate laundry room includes a side-by-side washer, vented dryer, and standing freezer.
The 1957 cooperative building provides elevator service, ButterflyMX virtual doorman access, resident basement storage, and a building laundry room. Subway access is available one block away for the 1, A, C, B, and D lines, with the N, R, Q, and W trains two blocks away. Central Park, Whole Foods, Target, Lincoln Center, and the Theater District are also identified nearby.
The 1957 cooperative building provides elevator service, ButterflyMX virtual doorman access, resident basement storage, and a building laundry room. Subway access is available one block away for the 1, A, C, B, and D lines, with the N, R, Q, and W trains two blocks away. Central Park, Whole Foods, Target, Lincoln Center, and the Theater District are also identified nearby.
Key Highlights
- Approximately 1,200 square feet of living space with windows on all four exposures
- Two corner bedrooms, each with an en‑suite windowed bathroom
- Separate laundry room with side‑by‑side washer, vented dryer, and standing freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,545
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,900
$750.9K
Cap Rate 7%
$536,357
$536.4K
Cap Rate 9%
$417,167
$417.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$71.9K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$68.3K $56.89/SF
− OpEx
−$30.7K −$25.60/SF
NOI
$37.5K $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%
$750,900
Cap Rate 7%
$536,357
Cap Rate 9%
$417,167
Alternative Uses
Best Use
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,545 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.99M
$2.61M – $3.48M
NOI $209,088 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,762
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom cooperative residence with four exposures, en-suite baths, private laundry, and extensive built-in storage.
Where is this residential income property located?
The property is located at 400 W 58th Street 3JK New York City, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Approximately 1,200 square feet of living space with windows on all four exposures; Two corner bedrooms, each with an en‑suite windowed bathroom; Separate laundry room with side‑by‑side washer, vented dryer, and standing freezer
