High-Floor Residential Income
For Sale
$1,595,000
425 E 58TH Street 25B, New York City, NY 10022
Two-bedroom residence with oversized windows, custom cabinetry, marble baths, and extensive storage in a full-service cooperative.
Property Size1,800 SF
Price / SF$886.11
Days on Market186
Property Features for 425 E 58TH Street 25B
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Amenities
sentry
doorman
concierge
on-site management
valet garage
bike room
private storage
Building Details
Building Size
1,800 SF
Year Built
1975
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 452-4486
Listed By:
Rhea F Stein
(212) 452-4486
Source:
Cbwarburg
Added: Feb 5
Changed: Aug 8
Last Checked: Aug 8 at 7:33PM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
This approximately 1,800-square-foot residential income property occupies the 25th floor of The Sovereign and includes 2BR/2.5 BTH, oversized windows, North and East skyline and East River views, 8'9" ceilings, and wide plank maple floors. The layout features an entrance gallery, generously sized kitchen with Subzero refrigerator, separate laundry area, powder room, multiple closets, and a primary bedroom with a large walk-in closet, additional storage, and marble bath with full tub and separate walk-in shower. The second bedroom/den includes custom bookshelves and cabinetry plus an ensuite marble bath.
Built in 1975, The Sovereign is a postwar cooperative with a lobby-level gym, 24 hr. valet garage with Tesla chargers, sentry, doorman, concierge, on-site management, bike room, and private storage. The building has four semiprivate halls per floor and only two apartments per floor. Pets, pied-a-terres, and purchases in a Trust and LLC's are permitted with Board Approval.
Built in 1975, The Sovereign is a postwar cooperative with a lobby-level gym, 24 hr. valet garage with Tesla chargers, sentry, doorman, concierge, on-site management, bike room, and private storage. The building has four semiprivate halls per floor and only two apartments per floor. Pets, pied-a-terres, and purchases in a Trust and LLC's are permitted with Board Approval.
Key Highlights
- Approximately 1,800sf residence on the 25th floor of The Sovereign
- 2BR/2.5 BTH layout with North and East skyline and East River views
- Oversized windows, 8'9" ceilings, and wide plank maple floors
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
$56,317
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
3.53%
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%
$1,126,340
$1.1M
Cap Rate 7%
$804,529
$804.5K
Cap Rate 9%
$625,744
$625.7K
Market Conditions
NOI Build-Up for 1,800 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
$107.8K $59.88/SF
− Vacancy
−$5.4K −$2.99/SF
EGI
$102.4K $56.89/SF
− OpEx
−$46.1K −$25.60/SF
NOI
$56.3K $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%
$1,126,340
Cap Rate 7%
$804,529
Cap Rate 9%
$625,744
Alternative Uses
Best Use
Apartment 5plus
$804.5K
$704.0K – $938.6K
NOI $56,317 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.48M
$3.92M – $5.23M
NOI $313,632 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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 - Two-bedroom residence with oversized windows, custom cabinetry, marble baths, and extensive storage in a full-service cooperative.
Where is this residential income property located?
The property is located at 425 E 58TH Street 25B New York City, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Approximately 1,800sf residence on the 25th floor of The Sovereign; 2BR/2.5 BTH layout with North and East skyline and East River views; Oversized windows, 8'9" ceilings, and wide plank maple floors
