One-Bedroom Residential
New
For Sale
$1,200,000
425 E 58th Street 8F, Manhattan, NY 10022
The home combines an en-suite primary bath with a separate powder room and an in-unit laundry area.
Property Size1,400 SF
Price / SF$857.14
Days on Market4
Property Features for 425 E 58th Street 8F
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Amenities
24/7 doorman
on-site resident manager
fitness center
concierge mail service
covered garage with valet parking
EV chargers
outdoor park and plaza
Building Details
Building Size
1,400 SF
Year Built
1975
Stories
48
Listing Agency:
Sothebys International Realty
Listed By:
Maria Bazo
(212) 606-7660
Source:
Carlinwright
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:34PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This 1,400-square-foot residence at The Sovereign has one bedroom and one-and-a-half baths. An entry gallery leads to the living and dining area, while the windowed kitchen has granite counters, custom cabinetry, and a dedicated laundry area. The primary bedroom includes a walk-in closet and an en-suite marble bath; a separate powder room is positioned off the gallery. Brand-new tilt-and-turn windows and nine-foot ceilings are also featured.
Built in 1975, The Sovereign rises 48 stories and contains 348 residences. Building amenities include a full-time doorman, resident manager, fitness center, concierge mail service, covered garage with valet parking and EV chargers, and an outdoor park and plaza. The property is near the 59th Street Bridge, dining, shopping, Trader Joe’s, and Home Depot.
Built in 1975, The Sovereign rises 48 stories and contains 348 residences. Building amenities include a full-time doorman, resident manager, fitness center, concierge mail service, covered garage with valet parking and EV chargers, and an outdoor park and plaza. The property is near the 59th Street Bridge, dining, shopping, Trader Joe’s, and Home Depot.
Key Highlights
- 1,400 square feet with one bedroom and one‑and‑a‑half baths
- Windowed kitchen with granite countertops and custom cabinetry
- Primary bedroom has a walk‑in closet and en‑suite marble bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,802
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,040
$876.0K
Cap Rate 7%
$625,743
$625.7K
Cap Rate 9%
$486,689
$486.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$83.8K $59.88/SF
− Vacancy
−$4.2K −$2.99/SF
EGI
$79.6K $56.89/SF
− OpEx
−$35.8K −$25.60/SF
NOI
$43.8K $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%
$876,040
Cap Rate 7%
$625,743
Cap Rate 9%
$486,689
Alternative Uses
Best Use
Apartment 5plus
$625.7K
$547.5K – $730.0K
NOI $43,802 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.48M
$3.05M – $4.07M
NOI $243,936 @ 7.0% cap · market cap 20.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
27,950
Businesses Nearby
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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 - The home combines an en-suite primary bath with a separate powder room and an in-unit laundry area.
Where is this residential income property located?
The property is located at 425 E 58th Street 8F Manhattan, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1,400 square feet with one bedroom and one‑and‑a‑half baths; Windowed kitchen with granite countertops and custom cabinetry; Primary bedroom has a walk‑in closet and en‑suite marble bath
