Residential Unit with South-Facing
For Sale
$2,200,000
425 E 58TH Street 7D, New York City, NY 10022
Recently renovated co-op unit with hardwood floors, custom lighting, and an oversized south-facing balcony off the living area.
Property Size2,400 SF
Price / SF$916.67
Days on Market182
Property Features for 425 E 58TH Street 7D
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Apartment
Amenities
doorman
concierge
valet parking
gym
bike room
private storage
Building Details
Building Size
2,400 SF
Year Built
1975
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 906-9325
Listed By:
Jessica G Ushan
(212) 906-9325
Source:
Nilelundgren
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 10 at 9:14AM
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.
Recently renovated co-op unit features a grand entry opening to a split living room and formal dining room spanning approximately 65 feet. The home is finished with new hardwood floors, high 9" ceilings, custom lighting, skim coat walls, and NEW Tilt and Turn windows that bring in light from oversized north and south windows. A large 10 x 15 south-facing balcony sits adjacent to the living room.
The windowed kitchen was enlarged by adjusting space from the formal dining room and includes a Dacor cook top, Miele dishwasher, a wine refrigerator, Viking refrigerator, and double wall ovens plus a microwave. The corner master suite offers a spa-worthy bath with a walk-in shower and custom vanity, along with abundant closets. A second bedroom includes an enormous walk-in closet, a renovated en-suite bath, and sunny south views. A third bedroom/staff room/den adds another bath with a Miele washer and dryer.
The Emory Roth-designed building provides a lobby extending under the entire building with four semi-private halls per floor and a staffed service team that includes sentry, doorman, concierge, on-site management, and valet parking. The Board permits pets up to two dogs.
The windowed kitchen was enlarged by adjusting space from the formal dining room and includes a Dacor cook top, Miele dishwasher, a wine refrigerator, Viking refrigerator, and double wall ovens plus a microwave. The corner master suite offers a spa-worthy bath with a walk-in shower and custom vanity, along with abundant closets. A second bedroom includes an enormous walk-in closet, a renovated en-suite bath, and sunny south views. A third bedroom/staff room/den adds another bath with a Miele washer and dryer.
The Emory Roth-designed building provides a lobby extending under the entire building with four semi-private halls per floor and a staffed service team that includes sentry, doorman, concierge, on-site management, and valet parking. The Board permits pets up to two dogs.
Key Highlights
- 10 x 15 south‑facing balcony off the living area
- Formal dining room spans approximately 65 feet
- New hardwood floors with high 9" ceilings and custom lighting
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
$75,090
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
3.41%
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%
$1,501,800
$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
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
$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 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%
$1,501,800
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 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.97M
$5.23M – $6.97M
NOI $418,176 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Recently renovated co-op unit with hardwood floors, custom lighting, and an oversized south-facing balcony off the living area.
Where is this residential income property located?
The property is located at 425 E 58TH Street 7D New York City, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10 x 15 south‑facing balcony off the living area; Formal dining room spans approximately 65 feet; New hardwood floors with high 9" ceilings and custom lighting
