Residential Income Property with
For Sale
$2,600,000
425 E 58TH Street 33D, New York City, NY 10022
Move-in ready co-op residence featuring a south balcony, open living spaces, and concierge, doorman, and valet services.
Property Size2,800 SF
Price / SF$928.57
Days on Market250
Property Features for 425 E 58TH Street 33D
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
gym
valet parking
concierge
doorman
on-site management
bike room
private storage
Building Details
Building Size
2,800 SF
Year Built
1975
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 906-9325
Listed By:
Jessica G Ushan
(212) 906-9325
Source:
Carytamura
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 10 at 9:48AM
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.
Set within The Sovereign at 425 E 58th Street, this move-in ready residence opens to a gracious foyer and flows from a south living room to a north dining room with a 65 ft. span of space. A 10' x 15' south balcony, marble floors, and high ceilings help frame dramatic east river views and city landmarks, including the Empire State and Chrysler buildings.
The layout includes multiple bedroom and bath areas, a windowed kitchen partially open to the dining room, and a primary suite with corner windows, two huge walk-in closets, a dressing room, and two marble baths. Additional features include washer and dryer, a powder room, and new tilt and turn windows. One bedroom has been opened to the living room as a den with a bar, wine refrigerator, and built-in entertainment center.
The Emory Roth-designed building was built in 1975 and offers a lobby with soaring ceilings and original Rosewood panels, travertine marble floors, and hand-blown 1950s Venini chandeliers by Carlo Scarpa. The property is supported by staff with sentry, doorman, concierge, and on-site management, along with valet parking and a lobby-level gym.
The layout includes multiple bedroom and bath areas, a windowed kitchen partially open to the dining room, and a primary suite with corner windows, two huge walk-in closets, a dressing room, and two marble baths. Additional features include washer and dryer, a powder room, and new tilt and turn windows. One bedroom has been opened to the living room as a den with a bar, wine refrigerator, and built-in entertainment center.
The Emory Roth-designed building was built in 1975 and offers a lobby with soaring ceilings and original Rosewood panels, travertine marble floors, and hand-blown 1950s Venini chandeliers by Carlo Scarpa. The property is supported by staff with sentry, doorman, concierge, and on-site management, along with valet parking and a lobby-level gym.
Key Highlights
- 10' x 15' south balcony with east river, Empire State, and Chrysler building views
- 65 ft. span connecting south living room and north dining room, with marble floors and high ceilings
- Primary suite with corner windows, two huge walk‑in closets, dressing room, and two marble baths
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
$87,604
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
3.37%
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%
$1,752,080
$1.8M
Cap Rate 7%
$1,251,486
$1.3M
Cap Rate 9%
$973,378
$973.4K
Market Conditions
NOI Build-Up for 2,800 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
$167.7K $59.88/SF
− Vacancy
−$8.4K −$2.99/SF
EGI
$159.3K $56.89/SF
− OpEx
−$71.7K −$25.60/SF
NOI
$87.6K $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%
$1,752,080
Cap Rate 7%
$1,251,486
Cap Rate 9%
$973,378
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,604 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.97M
$6.10M – $8.13M
NOI $487,872 @ 7.0% cap · market cap 18.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Move-in ready co-op residence featuring a south balcony, open living spaces, and concierge, doorman, and valet services.
Where is this residential income property located?
The property is located at 425 E 58TH Street 33D New York City, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 10' x 15' south balcony with east river, Empire State, and Chrysler building views; 65 ft. span connecting south living room and north dining room, with marble floors and high ceilings; Primary suite with corner windows, two huge walk‑in closets, dressing room, and two marble baths
