One-Bedroom Co-op
For Sale
$595,000
410 57TH ST, New York, NY 10022
Ground-floor one-bedroom, two-bath co-op with central air, premium finishes, and direct access to a common garden.
Property Size1,000 SF
Price / SF$595
Days on Market311
Property Features for 410 57TH ST
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Apartment
Amenities
24 hour doorman
live-in resident manager
fitness center
storage facilities
bike room
common garden
central air
pet friendly
Wall Air Conditioning
3
No Fence
No Parking.
None.
Building Details
Year Built
1928
Construction
prewar
Listing Agency:
(212) 891-7000
Listed By:
Douglas Elliman Real Estate
Source:
Xome
Added: Oct 5, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:35AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Located on the ground floor, this one-bedroom, two-bath co-op home features high beamed ceilings, herringbone oak floors, and a decorative fireplace. The layout includes a large foyer with abundant built-in storage, a separate kitchen with stainless appliances, stone countertops, and a glass block window, and a living space designed for gracious entertaining. The primary bedroom offers built-in storage and a desk area, and the en suite bath includes luxury fixtures and an oversized spa tub. A second bathroom is also included with a corner shower. Central air is available.
Residents enjoy access to a nicely landscaped common garden down the hall. The building is described as a white glove co-op with a 24-hour doorman, live-in resident manager, fitness center, and storage facilities, including a bike room, with mail delivered directly to the apartment.
The co-op permits up to 50% financing and allows co-purchasing and pied a terres. It is also pet friendly.
Residents enjoy access to a nicely landscaped common garden down the hall. The building is described as a white glove co-op with a 24-hour doorman, live-in resident manager, fitness center, and storage facilities, including a bike room, with mail delivered directly to the apartment.
The co-op permits up to 50% financing and allows co-purchasing and pied a terres. It is also pet friendly.
Key Highlights
- Ground‑floor co‑op with 1 bedroom and 2 bathrooms
- Central air and wall air conditioning
- Prewar details including high beamed ceilings, herringbone oak floors, and a decorative fireplace
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
$31,287
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
5.26%
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%
$625,740
$625.7K
Cap Rate 7%
$446,957
$447.0K
Cap Rate 9%
$347,633
$347.6K
Market Conditions
NOI Build-Up for 1,000 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
$59.9K $59.88/SF
− Vacancy
−$3.0K −$2.99/SF
EGI
$56.9K $56.89/SF
− OpEx
−$25.6K −$25.60/SF
NOI
$31.3K $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%
$625,740
Cap Rate 7%
$446,957
Cap Rate 9%
$347,633
Alternative Uses
Best Use
Apartment 5plus
$447.0K
$391.1K – $521.5K
NOI $31,287 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,240 @ 7.0% cap · market cap 29.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39,600
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 - Ground-floor one-bedroom, two-bath co-op with central air, premium finishes, and direct access to a common garden.
Where is this residential income property located?
The property is located at 410 57TH ST New York, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Ground‑floor co‑op with 1 bedroom and 2 bathrooms; Central air and wall air conditioning; Prewar details including high beamed ceilings, herringbone oak floors, and a decorative fireplace
