Residential Income Property with Home
For Sale
$1,950,000
426 W 58th Street 2A, Manhattan, NY 10019
A two-bedroom condominium pairs an open living area with a separate office and full-service building amenities.
Property Size1,796 SF
Price / SF$1,085
Days on Market10
Property Features for 426 W 58th Street 2A
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$27,996
Amenities
full-time doorman
fitness center
bicycle storage
furnished outdoor courtyard
in-unit washer/dryer
private storage cage
Viking appliances
wine cooler
built-in speakers
custom built-ins
automatic window shades
Building Details
Building Size
1,796 SF
Year Built
1910
Listing Agency:
Compass
Listed By:
Boris Kerzhner
(347) 721-5348
Source:
Lenasimpson
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 30 at 9:35PM
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 Compass
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Investment Insights
Based on property information with market context.
This approximately 1,800-square-foot condominium has two bedrooms, two bathrooms, and a separate home office. Its 20' x 20'8" living room connects to a dining area and open kitchen, while 9'5" ceilings add to the airy layout. The windowed kitchen includes Viking appliances, a vented range hood, a 28-bottle wine cooler, and a breakfast bar. Additional features include two walk-in closets, an in-unit washer/dryer, a private storage cage, built-in speakers, and automatic shades in both bedrooms. The primary suite has dual sinks, a soaking tub, and a separate shower.
The 16-residence condominium building offers a full-time doorman, fitness center, bicycle storage, and furnished outdoor courtyard. Central Park, Columbus Circle, Lincoln Center, Whole Foods, restaurants, shopping, and multiple subway lines are identified nearby.
The 16-residence condominium building offers a full-time doorman, fitness center, bicycle storage, and furnished outdoor courtyard. Central Park, Columbus Circle, Lincoln Center, Whole Foods, restaurants, shopping, and multiple subway lines are identified nearby.
Key Highlights
- Approximately 1,800 square feet with two bedrooms, two bathrooms, and a separate office
- 20' x 20'8" living room and 9'5" ceilings
- Windowed kitchen with Viking appliances, vented range hood, and 28‑bottle wine cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,192
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,840
$1.1M
Cap Rate 7%
$802,743
$802.7K
Cap Rate 9%
$624,356
$624.4K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$107.5K $59.88/SF
− Vacancy
−$5.4K −$2.99/SF
EGI
$102.2K $56.89/SF
− OpEx
−$46.0K −$25.60/SF
NOI
$56.2K $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%
$1,123,840
Cap Rate 7%
$802,743
Cap Rate 9%
$624,356
Alternative Uses
Best Use
Apartment 5plus
$802.7K
$702.4K – $936.5K
NOI $56,192 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.47M
$3.91M – $5.22M
NOI $312,935 @ 7.0% cap · market cap 16.05%
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
7,042
Businesses Nearby
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Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condominium pairs an open living area with a separate office and full-service building amenities.
Where is this residential income property located?
The property is located at 426 W 58th Street 2A Manhattan, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 1,800 square feet with two bedrooms, two bathrooms, and a separate office; 20' x 20'8" living room and 9'5" ceilings; Windowed kitchen with Viking appliances, vented range hood, and 28‑bottle wine cooler
