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    225 58Th St New York, NY 10022

    For Sale
    $11,800,000

    Luxury 11-unit building, prime location.

    Property size:
    10,925 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Class A, 5-story apartment building at 225 East 58th Street presents a compelling investment opportunity. Boasting 10,925 square feet on a 2,511 square foot lot, this meticulously maintained property offers 11 units – 10 free-market residential apartments and one ground-floor retail space – all currently 100% occupied. Constructed in 2001, the building features a full basement, shared roof deck, on-site laundry facilities, and bike storage. The building benefits from tenant-controlled HVAC split units. Its prime Midtown Manhattan location within the Decorative Arts District offers unparalleled convenience, situated adjacent to Bloomingdale's flagship store and Bloomberg Tower, with easy access to numerous amenities and public transportation. The property is zoned R8B and is offered at $11,800,000, representing a price per square foot of $1,080.09 and a price per unit of $1,072,727.27. This turn-key asset requires virtually no capital expenditure or renovation, making it an ideal investment for a 1031 exchange. The building's strong in-place income stream and premium location make it a truly unique opportunity in the heart of New York City. The property's APN is MN: 1332 / 14.

    Property Features for 225 58Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,925 SF
    Class
    A

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    5
    Units
    11

    HighLights

    • Fully leased mixed‑use building with substantial in‑place income.
    • Eleven units: ten free‑market residential apartments and one ground‑floor retail space, all currently occupied.
    • 2001 construction, 10,925 square feet on a 2,511 square foot lot.
    • Tenant‑controlled HVAC split units, on‑site laundry, bike storage.
    • Prime Midtown Manhattan location in the Decorative Arts District, near Bloomingdale's and Bloomberg Tower, with excellent public transportation access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Foundry Lighting Lighting Store 3ANGLE CORP. Website Designer 225 East 58th ... Housing Complex

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Law Firm Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.965785488258
    Latitude
    40.760433798002

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 11-unit building, prime location.
    Where is this multifamily property located?
    The property is located at 225 58Th St New York, NY.
    What is the asking price?
    The asking price for this property is $11,800,000.
    What are key features of this property?
    This property features: Fully leased mixed-use building with substantial in-place income.; Eleven units: ten free-market residential apartments and one ground-floor retail space, all currently occupied.; 2001 construction, 10,925 square feet on a 2,511 square foot lot.
    Request Owner's contact information
    225 58Th St New York, NY 10022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    225 58Th St New York, NY 10022
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