Co-op One-Bedroom
For Sale
$785,000
434 52ND ST, New York, NY 10022
South-facing one-bedroom, one-bath co-op with renovated interiors, wood-burning fireplace, and custom kitchen finishes.
Property Size973 SF
Price / SF$806.78
Days on Market414
Property Features for 434 52ND ST
General Information
Standard status
Active
Size
973 SF
Property subtype
Apartment
Additional Details
Clear Height
8.5 ft
Amenities
wood-burning fireplace
24-hour doorman
live-in Resident Manager
on-site management
landscaped gardens
laundry room
bike storage
private storage
A/C - Other
3
Elevator
Other.
Building Details
Year Built
1930
Listing Agency:
(646) 480-7665
Listed By:
Serhant
(201) 289-3244
Source:
Xome
Added: Jun 24, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:32AM
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 Serhant
Investment Insights
Based on property information with market context.
Residence 2D at Southgate is a south-facing one-bedroom, one-bath co-op home that has been beautifully renovated while preserving classic pre-war details. The grand living room features a wood-burning fireplace, custom built-in bookcases, beamed 8'6" ceilings, and refinished original hardwood floors. Storage includes four generous closets, including two walk-ins. The formal dining area offers a hand-painted mural on canvas by Andrea Biggs (signed 2005). A windowed kitchen is outfitted with custom Macre African cherry cabinetry, granite countertops, and stainless-steel appliances.
The expansive primary bedroom includes southern and western exposures, a windowed en-suite bathroom, and a large walk-in closet. The Southgate buildings were designed by Emery Roth and developed in 1931 by Bing & Bing, set on a picturesque cul-de-sac opposite The River Club of NY and The River House.
Building amenities include a 24-hour doorman, live-in Resident Manager, on-site management, landscaped gardens, a laundry room, bike storage, and private storage. The cooperative is pet-friendly and permits co-purchasing, guarantors, gifting, subletting, and pied-à-terres. Maintenance includes electricity, water, and steam heat and other expenses, with an ongoing assessment of $315.90/mo until July 2027 and a 2% flip tax payable by the Buyer.
The expansive primary bedroom includes southern and western exposures, a windowed en-suite bathroom, and a large walk-in closet. The Southgate buildings were designed by Emery Roth and developed in 1931 by Bing & Bing, set on a picturesque cul-de-sac opposite The River Club of NY and The River House.
Building amenities include a 24-hour doorman, live-in Resident Manager, on-site management, landscaped gardens, a laundry room, bike storage, and private storage. The cooperative is pet-friendly and permits co-purchasing, guarantors, gifting, subletting, and pied-à-terres. Maintenance includes electricity, water, and steam heat and other expenses, with an ongoing assessment of $315.90/mo until July 2027 and a 2% flip tax payable by the Buyer.
Key Highlights
- South‑facing pre‑war 1‑bedroom, 1‑bath co‑op at Southgate
- Grand living room with wood‑burning fireplace, custom built‑in bookcases, and refinished original hardwood floors
- Beamed 8'6" ceilings and multiple closets, including two walk‑ins
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
$30,443
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
3.88%
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%
$608,860
$608.9K
Cap Rate 7%
$434,900
$434.9K
Cap Rate 9%
$338,256
$338.3K
Market Conditions
NOI Build-Up for 973 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
$58.3K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$55.4K $56.89/SF
− OpEx
−$24.9K −$25.60/SF
NOI
$30.4K $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%
$608,860
Cap Rate 7%
$434,900
Cap Rate 9%
$338,256
Alternative Uses
Best Use
Apartment 5plus
$434.9K
$380.5K – $507.4K
NOI $30,443 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.83M
NOI $169,536 @ 7.0% cap · market cap 21.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8 ft
Clear height
Location Intelligence
Trade Area within ½ mile
6,245
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 - South-facing one-bedroom, one-bath co-op with renovated interiors, wood-burning fireplace, and custom kitchen finishes.
Where is this residential income property located?
The property is located at 434 52ND ST New York, NY.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: South‑facing pre‑war 1‑bedroom, 1‑bath co‑op at Southgate; Grand living room with wood‑burning fireplace, custom built‑in bookcases, and refinished original hardwood floors; Beamed 8'6" ceilings and multiple closets, including two walk‑ins
