Residential Income Unit with Private
425 E 58TH Street 35E, Manhattan, NY 10022
For Sale
$2,300,000
High-rise coop unit with a private balcony, four bedrooms, and central air with 4-pipe fan HVAC.
Property Size2,750 SF
Price / SF$836.36
Days on Market182
Property Features for 425 E 58TH Street 35E
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Jessica G Ushan
(212) 906-9325
Source:
Bondnyre
Added: May 12
Changed: Nov 1
Last Checked: Nov 8 at 1:32PM
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
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 high-rise coop within a residential income property offers a 7-room layout featuring four bedrooms and two full bathrooms, plus two additional half baths including a powder room. The unit provides 2,750 square feet and includes parquet flooring throughout and nine-foot ceilings. A welcoming foyer leads to an expansive formal dining room and living room, with panoramic views of the city, river, and bridges.
A windowed kitchen includes a dishwasher and generous counter space. The primary bedroom includes a double-sized bath with an oversized tub, and there is in-unit washer/dryer. Enjoy abundant natural light from north, south, and west exposures, and step out to a private balcony. Comfort is supported by central air cooling, with a 4-pipe fan HVAC system.
Building amenities include full-time doorman and concierge services, along with a large valet attended garage with electric charging stations located adjacent to the port cochere. Pets are welcome. The building was built in 1975.
A windowed kitchen includes a dishwasher and generous counter space. The primary bedroom includes a double-sized bath with an oversized tub, and there is in-unit washer/dryer. Enjoy abundant natural light from north, south, and west exposures, and step out to a private balcony. Comfort is supported by central air cooling, with a 4-pipe fan HVAC system.
Building amenities include full-time doorman and concierge services, along with a large valet attended garage with electric charging stations located adjacent to the port cochere. Pets are welcome. The building was built in 1975.
Key Highlights
- 2,750 square feet in a 7‑room coop unit
- Four bedrooms with two full baths plus two half baths
- Nine‑foot ceilings and parquet flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,040
Cap Rate
3.74%
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 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,581 @ 7.0% cap · market cap 5.85%
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
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-rise coop unit with a private balcony, four bedrooms, and central air with 4-pipe fan HVAC.
Where is this residential income property located?
The property is located at 425 E 58TH Street 35E Manhattan, 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: 2,750 square feet in a 7‑room coop unit; Four bedrooms with two full baths plus two half baths; Nine‑foot ceilings and parquet flooring throughout
