Residential Income Property with City
425 E 58th Street 21E, Manhattan, NY 10022
For Sale
$2,350,000
Pending
High-floor residence offers three bedroom suites, flexible office space, and a balcony.
Property Size2,750 SF
Days on Market439
Property Features for 425 E 58th Street 21E
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
full-time 24/7 doorman
on-site resident manager and management team
fitness center
personalized concierge mail service
on-site covered garage with 24/7 valet parking including EV chargers
large outdoor park and plaza
bicycle storage room
central a/c
herringbone hardwood floors
Building Details
Building Size
Year Built
Stories
Listing Agency:
Sothebys International Realty
Listed By:
Maria Bazo
(212) 606-7660
Source:
Tricialee
Added: Aug 28, 2025
Changed: Nov 7
Last Checked: Nov 8 at 12:37PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 21st-floor residence features three bedroom suites, each with an ensuite marble bath, along with a windowed staff room or home office and a fourth full bathroom. A gallery leads to a 65-foot interior expanse connecting the formal dining room and living room, while the living room opens to a balcony and an adjacent bedroom currently configured as part of the living space. The home also includes a windowed kitchen, laundry area, herringbone hardwood floors, central a/c with separate thermostats, custom closets, and southern, northern, and western exposures.
The building rises 48 stories and contains 348 residences. Services and amenities include a full-time 24/7 doorman, resident manager, concierge mail service, fitness center, covered garage with 24/7 valet parking and EV chargers, outdoor park and plaza, bicycle storage, and on-site management. The neighboring apartment, 21F, is also available and shares the semi-private landing.
The building rises 48 stories and contains 348 residences. Services and amenities include a full-time 24/7 doorman, resident manager, concierge mail service, fitness center, covered garage with 24/7 valet parking and EV chargers, outdoor park and plaza, bicycle storage, and on-site management. The neighboring apartment, 21F, is also available and shares the semi-private landing.
Key Highlights
- 21st‑floor residence with southern, northern, and western exposures
- Three bedroom suites with ensuite marble baths
- 65‑foot interior expanse connecting formal dining and living rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,040
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,720,800
$1.7M
Cap Rate 7%
$1,229,143
$1.2M
Cap Rate 9%
$956,000
$956.0K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$164.7K $59.88/SF
− Vacancy
−$8.2K −$2.99/SF
EGI
$156.4K $56.89/SF
− OpEx
−$70.4K −$25.60/SF
NOI
$86.0K $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%
$1,720,800
Cap Rate 7%
$1,229,143
Cap Rate 9%
$956,000
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,040 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,581 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
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
$1,116,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - High-floor residence offers three bedroom suites, flexible office space, and a balcony.
Where is this residential income property located?
The property is located at 425 E 58th Street 21E Manhattan, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 21st‑floor residence with southern, northern, and western exposures; Three bedroom suites with ensuite marble baths; 65‑foot interior expanse connecting formal dining and living rooms
