Three-Bedroom Residential Income
50 SUTTON Place S 7F, Manhattan, NY 10022
For Sale
$825,000
Pending
Full-service cooperative with doorman service, fitness center, garage access, and an open-concept interior.
Property Size1,050 SF
Days on Market293
Property Features for 50 SUTTON Place S 7F
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24-hour doorman
concierge
live-in superintendent
fitness center
bike storage
on-site parking garage
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Bernie Rubin · License NY 30RU0841119
(347) 922-0777
Source:
Bondnyre
Added: Jan 21
Changed: Nov 7
Last Checked: Nov 8 at 3:44PM
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 Douglas Elliman Real Estate
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Investment Insights
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This 3-bedroom, 3-bathroom apartment at 50 Sutton Place South features a large foyer, an open-concept living and dining area, a windowed breakfast space, and a well-appointed kitchen with Sub-Zero and Bosch appliances. Hardwood floors, custom California closets, east-facing windows, and generous storage run throughout the home. The bedroom wing includes a guest bedroom with an ensuite bathroom, a spacious primary suite with two walk-in closets and an ensuite bathroom, and a third bedroom with its own full bathroom.
Built in 1955, the full-service cooperative offers 24-hour doorman and concierge service, a live-in superintendent, a modern fitness center, bike storage, and an on-site parking garage with direct building access. The property is positioned near the East River Esplanade, Whole Foods, Trader Joe's, dining options, the E, M, and 6 subway lines, and multiple bus routes.
Built in 1955, the full-service cooperative offers 24-hour doorman and concierge service, a live-in superintendent, a modern fitness center, bike storage, and an on-site parking garage with direct building access. The property is positioned near the East River Esplanade, Whole Foods, Trader Joe's, dining options, the E, M, and 6 subway lines, and multiple bus routes.
Key Highlights
- 3‑bedroom, 3‑bathroom apartment with separated bedroom wing
- Open‑concept living and dining area with windowed breakfast space
- Primary suite includes two spacious walk‑in closets and an ensuite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,852
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,040
$657.0K
Cap Rate 7%
$469,314
$469.3K
Cap Rate 9%
$365,022
$365.0K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$62.9K $59.88/SF
− Vacancy
−$3.1K −$2.99/SF
EGI
$59.7K $56.89/SF
− OpEx
−$26.9K −$25.60/SF
NOI
$32.9K $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%
$657,040
Cap Rate 7%
$469,314
Cap Rate 9%
$365,022
Alternative Uses
Best Use
Apartment 5plus
$469.3K
$410.7K – $547.5K
NOI $32,852 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$734.1K
$642.3K – $856.4K
NOI $51,385 @ 7.0% cap · market cap 6.23%
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
31,504
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
$1,116,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Full-service cooperative with doorman service, fitness center, garage access, and an open-concept interior.
Where is this residential income property located?
The property is located at 50 SUTTON Place S 7F Manhattan, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3‑bedroom, 3‑bathroom apartment with separated bedroom wing; Open‑concept living and dining area with windowed breakfast space; Primary suite includes two spacious walk‑in closets and an ensuite bathroom
