2BR Residential Income
For Sale
$1,595,000
Pending
425 E 58TH Street 25B, New York City, NY 10022
Residence on the 25th floor of The Sovereign with north and east skyline views, oversized windows, and 8'9" ceilings.
Property Size1,800 SF
Days on Market245
Property Features for 425 E 58TH Street 25B
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Apartment
Building Details
Building Size
1,800 SF
Year Built
1975
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Rhea F Stein
(212) 452-4486
Source:
Howardhannanyc
Added: Feb 5
Changed: Sep 4
Last Checked: Oct 7 at 6:00PM
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 25B at The Sovereign is a two-bedroom home with 2.5 bathrooms, approximately 1,800 SF and an open, light-filled layout on the 25th floor. A semiprivate landing leads to a gracious entrance gallery with wide plank maple floors, high ceilings of 8'9", and oversized windows drawing in dramatic views. The kitchen includes a Subzero refrigerator and a separate laundry area.
The primary bedroom features a large walk-in closet plus additional closets and storage, along with a marble bath with a full tub and separate walk-in shower. The second bedroom/den includes custom bookshelves and cabinetry and an ensuite marble bath, with a powder room and multiple closets completing the home.
The Sovereign is a postwar co-op with four semiprivate halls per floor and only two apartments per floor. Building services include a sentry, doorman, concierge, on-site management, and 24-hour valet parking with Tesla chargers. Amenities include a lobby-level gym, bike room, and private storage. The Board permits pets (up to two dogs), and pied-a-terres and purchases in trusts and LLCs are permitted with Board approval.
The primary bedroom features a large walk-in closet plus additional closets and storage, along with a marble bath with a full tub and separate walk-in shower. The second bedroom/den includes custom bookshelves and cabinetry and an ensuite marble bath, with a powder room and multiple closets completing the home.
The Sovereign is a postwar co-op with four semiprivate halls per floor and only two apartments per floor. Building services include a sentry, doorman, concierge, on-site management, and 24-hour valet parking with Tesla chargers. Amenities include a lobby-level gym, bike room, and private storage. The Board permits pets (up to two dogs), and pied-a-terres and purchases in trusts and LLCs are permitted with Board approval.
Key Highlights
- Approximately 1,800 SF residence on the 25th floor at The Sovereign
- 2 bedrooms plus 2.5 bathrooms
- 8'9" high ceilings and oversized windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,317
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
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 - Residence on the 25th floor of The Sovereign with north and east skyline views, oversized windows, and 8'9" ceilings.
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 1,800 SF residence on the 25th floor at The Sovereign; 2 bedrooms plus 2.5 bathrooms; 8'9" high ceilings and oversized windows throughout
