Residential Income Property with River
For Sale
$825,000
Pending
50 SUTTON Place S 7F, New York City, NY 10022
Flexible apartment layout with two bathrooms, permitted pets, and full-service building amenities.
Property Size1,050 SF
Days on Market202
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 1BR/2BA
Multifamily Units
1
Amenities
24hr doorman
concierge
attended garage
attended package room
gym
pets allowed
Building Details
Building Size
1,050 SF
Year Built
1956
Listing Agency:
Douglas Elliman Real Estate
(347) 922-0777
Listed By:
Bernie Rubin · License #30RU0841119
(347) 922-0777
Source:
Carlinwright
Added: Jan 21
Changed: Aug 10
Last Checked: Aug 10 at 10:01AM
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 residential income property includes a 1,050-square-foot apartment with one bedroom, two bathrooms, and a flexible layout convertible to a second bedroom, den, or formal dining room. The unit is offered in its current condition, allowing for renovation and personalized design. River views add to the apartment’s appeal, while pets are allowed and welcomed.
The property is located at 50 Sutton Place South in New York City, near the East River Promenade, parks, and cultural attractions. Building amenities include 24-hour doorman and concierge service, an attended garage, an attended package room, and a gym. Hallway and lobby renovations are currently underway.
The property is located at 50 Sutton Place South in New York City, near the East River Promenade, parks, and cultural attractions. Building amenities include 24-hour doorman and concierge service, an attended garage, an attended package room, and a gym. Hallway and lobby renovations are currently underway.
Key Highlights
- 1,050‑square‑foot apartment with one bedroom and two bathrooms
- Flexible floor plan convertible to a second bedroom, den, or formal dining room
- River views and proximity to the East River Promenade
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 - Flexible apartment layout with two bathrooms, permitted pets, and full-service building amenities.
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: 1,050‑square‑foot apartment with one bedroom and two bathrooms; Flexible floor plan convertible to a second bedroom, den, or formal dining room; River views and proximity to the East River Promenade
