High-Floor Residential Income
For Sale
$2,300,000
425 E 58TH Street 31A, New York City, NY 10022
Renovated three-bedroom residence with skyline views, flexible entertaining spaces, and full-service cooperative amenities.
Property Size2,400 SF
Price / SF$958.33
Days on Market437
Property Features for 425 E 58TH Street 31A
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
balcony
washer/dryer
gym
valet garage
bike room
private storage
on-site management
garden
Building Details
Building Size
2,400 SF
Year Built
1975
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Jessica G Ushan
(212) 906-9325
Source:
Carlinwright
Added: Jul 29, 2025
Changed: Oct 6
Last Checked: Oct 7 at 4:55PM
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.
Residence 31A occupies the 31st floor of The Sovereign and offers three bedrooms, multiple baths, a powder room, and nine-foot ceilings. The layout includes separate living and formal dining rooms, a balcony, abundant closet storage, and a windowed kitchen updated with custom blue-and-white cabinetry, porcelain flooring, a backsplash, prep sink, and washer and dryer. New tilt-and-turn windows and individually controlled air conditioning serve each room.
Views extend south and west, with the formal dining room oriented toward the city skyline and the Chrysler Building. The primary suite includes a bath with a large walk-in shower. Building amenities include landscaped gardens with seating, a lobby-level gym, 24-hour valet garage service, on-site management, bike storage, and private storage. Pets, pied-à-terre use, and purchases by trusts or LLCs are permitted with Board approval.
Views extend south and west, with the formal dining room oriented toward the city skyline and the Chrysler Building. The primary suite includes a bath with a large walk-in shower. Building amenities include landscaped gardens with seating, a lobby-level gym, 24-hour valet garage service, on-site management, bike storage, and private storage. Pets, pied-à-terre use, and purchases by trusts or LLCs are permitted with Board approval.
Key Highlights
- 31st‑floor residence at The Sovereign with south and west exposures
- Three‑bedroom layout with multiple baths and a powder room
- Windowed kitchen with custom cabinetry, porcelain finishes, prep sink, and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,090
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
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
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 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 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.97M
$5.23M – $6.97M
NOI $418,176 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated three-bedroom residence with skyline views, flexible entertaining spaces, and full-service cooperative amenities.
Where is this residential income property located?
The property is located at 425 E 58TH Street 31A New York City, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 31st‑floor residence at The Sovereign with south and west exposures; Three‑bedroom layout with multiple baths and a powder room; Windowed kitchen with custom cabinetry, porcelain finishes, prep sink, and washer and dryer
