Three-Bedroom Residential Income
For Sale
$825,000
Pending
50 SUTTON Place S 7F, New York City, NY 10022
Full-service cooperative with doorman service, fitness center, garage access, and an open-concept interior.
Property Size1,050 SF
Days on Market230
Property Features for 50 SUTTON Place S 7F
General Information
Standard status
Pending
Size
1,050 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour doorman
concierge
live-in superintendent
fitness center
bike storage
on-site parking garage
Building Details
Building Size
1,050 SF
Year Built
1956
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Bernie Rubin · License #30RU0841119
(347) 922-0777
Source:
Bondnyre
Added: Jan 21
Changed: Sep 4
Last Checked: Sep 7 at 8:16AM
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
Investment Insights
Based on property information with market context.
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 = 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
$32,852
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
3.98%
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%
$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
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
$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 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%
$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
Specialty Retail
$2.61M
$2.29M – $3.05M
NOI $182,952 @ 7.0% cap · market cap 22.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
31,504
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 - 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 New York City, 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
