Residential Income Property with
For Sale
$2,195,000
425 E 58th Street 18D, New York City, NY 10022
Flexible residence with refreshed interiors, river-facing views, full-service amenities, and a versatile bedroom layout.
Property Size2,400 SF
Price / SF$914.58
Days on Market174
Property Features for 425 E 58th Street 18D
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Amenities
pet-friendly
doorman
porter service
concierge
mail service
valet parking
EV charging stations
fitness center
climate-controlled storage
business services
bike room
washer/dryer in residence
balcony
irrigation system
Building Details
Building Size
2,400 SF
Year Built
1975
Listing Agency:
Compass
(347) 463-8128
Listed By:
Eileen M Foy · License #30FO0888086
(347) 463-8128
Source:
Tricialee
Added: Feb 17
Changed: Aug 3
Last Checked: Aug 10 at 9:43AM
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.
Located at 425 E 58th Street in New York City, this residential income property offers approximately 2,400 square feet with a flexible 2-3 bedroom, 3.5-bath layout. Recent improvements include 7 3/4-inch-wide plank wood flooring, fresh paint, and a new wall creating an additional primary-bedroom option. The home also features a windowed eat-in kitchen with side-by-side Sub-Zero refrigerators, an oversized dining room, a large living room, walk-in closets, and additional wall storage.
A spacious balcony includes electric outlets and an irrigation system, while the primary suite captures views of the East River, the JFK Bridge, and the Roosevelt Island Tram. The Sovereign provides 24/7 doorman and porter service, concierge support, onsite management, a windowed fitness center, climate-controlled storage, a business-services center, bike room, and garage valet parking with EV charging stations. Pets, pied-a-terres, and trusts and guarantors are permitted under the stated building policies.
A spacious balcony includes electric outlets and an irrigation system, while the primary suite captures views of the East River, the JFK Bridge, and the Roosevelt Island Tram. The Sovereign provides 24/7 doorman and porter service, concierge support, onsite management, a windowed fitness center, climate-controlled storage, a business-services center, bike room, and garage valet parking with EV charging stations. Pets, pied-a-terres, and trusts and guarantors are permitted under the stated building policies.
Key Highlights
- Approximately 2,400 square feet with a 2‑3 bedroom, 3.5‑bath configuration
- 7 3/4‑inch‑wide plank wood floors, fresh paint, and a new wall creating a second primary‑bedroom option
- Windowed eat‑in kitchen with side‑by‑side Sub‑Zero refrigerators
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
$75,090
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
3.42%
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%
$1,501,800
$1.5M
Cap Rate 7%
$1,072,714
$1.1M
Cap Rate 9%
$834,333
$834.3K
Market Conditions
NOI Build-Up for 2,400 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
$143.7K $59.88/SF
− Vacancy
−$7.2K −$2.99/SF
EGI
$136.5K $56.89/SF
− OpEx
−$61.4K −$25.60/SF
NOI
$75.1K $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%
$1,501,800
Cap Rate 7%
$1,072,714
Cap Rate 9%
$834,333
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$938.6K – $1.25M
NOI $75,090 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.97M
$5.23M – $6.97M
NOI $418,176 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27,950
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 - Flexible residence with refreshed interiors, river-facing views, full-service amenities, and a versatile bedroom layout.
Where is this residential income property located?
The property is located at 425 E 58th Street 18D New York City, NY.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Approximately 2,400 square feet with a 2‑3 bedroom, 3.5‑bath configuration; 7 3/4‑inch‑wide plank wood floors, fresh paint, and a new wall creating a second primary‑bedroom option; Windowed eat‑in kitchen with side‑by‑side Sub‑Zero refrigerators
