400 W 58th St Unit 3C · New York, NY 10019

$375,000

None bd · 1.0 ba · — sqft · Condo · 132 Days on market

Built 1957 $992/mo HOA

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0

Listing remarks

New to the market - Beautifully renovated studio with an open kitchen featuring; stone counters, gas-range and dishwasher. This home overlooks 58th Street and enjoys great sunlight throughout the day. The spacious square layout provides a variety of options for living, dining and sleeping, and there is separate dressing area and renovated bathroom. Currently there is an assessment of $205.29 through 12/31/26 and there is a 2.5% flip tax on sales in the building. 400 West 58th Street is a well managed cooperative building. There is an elevator, on-site superintendent, laundry room and butterfly intercom system connecting to the unit's phone.

Key facts

• Renovated bathroom
• Dishwasher
• Open kitchen

Tags

• OPEN KITCHEN
• STONE COUNTERS
• GAS-RANGE
• DISHWASHER
• SEPARATE DRESSING AREA
• RENOVATED BATHROOM

Property features AI

Finance

• Financial info: Pets allowed in the building on a case-by-case basis
• HOA & community: Monthly association fee of $992

Exterior

• Home design: 6-story building; Entry level is 3; Zoning: C1-8
• Construction: Bike storage available
• Exterior features: No notable exterior features listed; Has a view

Interior

• Bathrooms: 1 full bathroom
• Interior features: Total of 2 rooms; Basement: Other; Building has 47 total units
• Laundry & utility: Laundry located in building basement

🏢 Co-op / cooperative unit. The $375,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a ?-bed/1.0-bath condo listed at $375k.

Deal economics

• At list price, monthly cash flow is $5k ($56k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($10k rent vs $375k).
• Recommended offer: $330k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.2% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+4.2%/yr); 538 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 4,467 units permitted in New York County in 2024 (4,463 in 5+ unit buildings).
• At $10,438/mo this rent would consume 97% of the median local household income ($129k/yr) (locally 3795% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $16k of equity ($3k loan paydown + $14k appreciation (3.6% local appreciation)).
• New York County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.6% appreciation + 4.2% rent growth), your $105k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $25k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $330,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.78% ✓
• Cap rate: 21.21%
• Cash-on-cash: 53.29%
• DSCR: 3.37
• GRM: 3.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.61% appreciation · 4.25% rent growth · sell at horizon

5-year hold

• IRR: 60.4%
• Equity multiple: 4.51×
• Total profit: $368,391
• Equity at exit: $181,593

10-year hold

• IRR: 60.0%
• Equity multiple: 9.59×
• Total profit: $901,856
• Equity at exit: $290,394

Cash invested: $105,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10019

• Home prices YoY: 1.5%
• Rents YoY: 4.2%
• Active inventory: 538
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $10,438 high
• Mortgage (P&I): −$1,967
• Tax est. 1.5%: −$469 /mo · $5,625/yr
• Insurance: −$156
• HOA: −$992
• Vacancy / Maint / Mgmt: −$2,192
• Net cashflow: $4,663

Break-even live

Break-even rent $4,536

Max offer price $375,000

Occupancy floor 50%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
408 W 58th St Unit 1461698P New York, NY	1.0	1.0	—	$13,970	—	22d	1	0.03mi
2 Columbus Ave Unit 35C New York, NY	2.0	2.5	1447	$9,500	$6.57	24d	1	0.06mi
350 W 57th St Unit 14B New York, NY	1.0	1.0	1196	$7,500	$6.27	7d	1	0.11mi
400 W 55th St Unit 6L New York, NY	2.0	2.0	—	$9,195	—	24d	1	0.17mi
400 W 55th St Unit 3P New York, NY	2.0	2.0	—	$7,500	—	7d	1	0.17mi
400 W 55th St Unit 18B New York, NY	2.0	2.0	—	$9,350	—	24d	1	0.17mi
322 W 57th St Unit 51M1 New York, NY	2.0	2.5	1355	$15,000	$11.07	10d	1	0.18mi
500 W 56th St #116 New York, NY	2.0	1.0–2.0	680	$7,480	$10.99	7d	3	0.18mi
1 W 60th St Unit 08D New York, NY	3.0	2.5	—	$28,500	—	24d	1	0.19mi
1 W 60th St Unit 05F New York, NY	3.0	2.5	—	$21,000	—	24d	1	0.19mi
1 W 60th St Unit 12C New York, NY	2.0	2.0	—	$12,800	—	24d	1	0.19mi
345 W 54th St New York, NY	3.0	3.0	—	$11,995	—	7d	1	0.23mi
345 W 54th St New York, NY	3.0	3.0	—	$11,995	—	24d	1	0.23mi
230 Central Park S Unit 10C New York, NY	1.0	1.5	—	$10,000	—	24d	1	0.30mi
230 W 56th St New York, NY	2.0–3.0	2.5–3.0	—	$14,000	—	24d	2	0.30mi
550 W 54th St Unit 1243 New York, NY	1.0–3.0	1.0–2.0	913	$7,220	$7.90	7d	3	0.31mi
434 W 52nd St New York, NY	3.0	1.0	—	$7,495	—	7d	1	0.32mi
217 W 57th St New York, NY	2.0	1.0–2.5	—	$27,500	—	24d	5	0.32mi
554 W 54th St Unit 26L New York, NY	2.0	2.0	—	$7,495	—	7d	1	0.32mi
554 W 54th St Unit 23D New York, NY	2.0	2.0	—	$7,250	—	7d	1	0.32mi
444 W 52nd St New York, NY	3.0	1.0	—	$7,995	—	7d	1	0.32mi
436 W 52nd St New York, NY	3.0	1.0	—	$7,495	—	7d	1	0.33mi
254 W 54th St Unit 1026635P New York, NY	1.0–2.0	1.0–2.0	860	$14,490	$16.84	7d	2	0.34mi
1 W End Ave New York, NY	2.0	2.5	—	$10,950	—	10d	1	0.34mi
606 W 57th St New York, NY	2.0–3.0	2.0	—	$7,395	—	7d	6	0.36mi
21 W End Ave Unit 3209 New York, NY	3.0	2.0	—	$11,500	—	22d	1	0.36mi
525 W 52nd St Unit 9CS New York, NY	2.0	2.0	—	$7,837	—	7d	1	0.36mi
625 W 57th St Unit 626 New York, NY	2.0	2.0	—	$8,820	—	24d	1	0.36mi
21 W End Ave New York, NY	2.0–3.0	2.0	750	$8,995	$11.99	24d	2	0.36mi
888 8th Ave New York, NY	2.0	2.0	—	$7,350	—	7d	1	0.37mi
33 W End Ave Unit 25B New York, NY	2.0	2.0	—	$11,500	—	22d	1	0.37mi
606 W 57th St Unit 3403 New York, NY	3.0	2.0	—	$9,670	—	24d	1	0.37mi
754 9th Ave Unit 1017471P New York, NY	1.0	1.0	538	$7,284	$13.54	7d	1	0.38mi
75 W End Ave Unit P37B New York, NY	3.0	2.0	—	$9,250	—	24d	1	0.40mi
75 W End Ave Unit S2N New York, NY	2.0	2.0	—	$8,000	—	7d	1	0.40mi
50 W 66th St Unit 6A New York, NY	3.0	3.5	2519	$29,500	$11.71	24d	1	0.40mi
400 W 61st St New York, NY	4.0	1.0–4.0	1567	$24,510	$15.64	1d	48	0.42mi
311 W 50th St #228 New York, NY	2.0	1.0–2.0	669	$7,510	$11.23	7d	3	0.42mi
400 W 63rd St New York, NY	2.0	1.0–2.0	874	$10,157	$11.62	1d	11	0.43mi
20 Riverside Blvd Unit 20P New York, NY	3.0	3.5	1735	$19,000	$10.95	22d	1	0.43mi

HOA detail condo

• Monthly dues: $992 · $11,904/yr
• Likely covers: gas
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $375,000 Active 132 DOM
2. 2026-06-17
   days on market $375,000 Active 131 DOM
3. 2026-06-15
   days on market $375,000 Active 129 DOM
4. 2026-06-13
   days on market $375,000 Active 127 DOM
5. 2026-06-10
   days on market $375,000 Active 123 DOM
6. 2026-06-08
   remarks 650-char remark
7. 2026-06-08
   days on market $375,000 Active 122 DOM
8. 2026-06-04
   days on market $375,000 Active 118 DOM
9. 2026-06-03
   days on market $375,000 Active 117 DOM
10. 2026-06-01
    days on market $375,000 Active 115 DOM
11. 2026-05-31
    days on market $375,000 Active 114 DOM
12. 2026-04-07
    price $375,000
13. 2026-02-06
    listed $400,000 Active
14. 2025-04-02
    historical $3,000
15. 2025-02-06
    listed $3,000
16. 2025-01-31
    historical $3,000
17. 2025-01-28
    listed $3,000
18. 2025-01-15
    historical $3,000
19. 2024-12-21
    listed $3,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $125,257
• − Mortgage interest: −$21,006
• − Property taxes: −$5,625
• − Insurance: −$1,875
• − Repairs & maintenance: −$10,021
• − Management: −$10,021
• − HOA: −$11,904
• − Depreciation: −$10,909
• Taxable income: $53,897
• Est. tax owed @ 24.0%: −$12,935
• After-tax cash flow: $43,015/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: New York County · 1,599,927 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 44,942
• Household income: $128,559
• Rent vs Own: 79.2% rent · 20.8% own
• Severe rent burden: 3795.0

Population outlook (New York County) Hauer SSP2

• Today (2025): 1,825,725 people
• By 2030: 1,904,611 · +4.3%
• By 2040: 2,052,719 · +12.4%
• By 2050: 2,206,601 · +20.9%
• By 2075: 2,509,427 · +37.4%
• By 2100: 2,702,933 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Asian 18% Hispanic / Latino 17% Two or more races 10% Black 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Dominican 4%
• Common ancestry: Romanian 4% Lithuanian 4% Scotch-Irish 4%
• Foreign-born: 34% · Canada, China, South Korea
• Languages at home: 66% English-only · Spanish 12% Other Indo-European 6% Chinese 5%

Political lean MEDSL · New York

• 2024 margin: Solid D (+64.8) · D 82.4% · R 17.6%
• 2008→2024 swing: -7.4pp toward R · 2008: 72.2pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+74.5 2016: D+77.2 2012: D+69.6 2008: D+72.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.61%
• Current HPI: 245.1226
• Rent YoY: ▲ 4.25%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+12400.0% since first listed

8 events — show timeline

• 2026-04-07 Price Changed $375,000 RLS at REBNY
• 2026-02-06 Listed $400,000 RLS at REBNY
• 2025-04-02 Rental Removed $3,000 ZUMPER1
• 2025-02-06 Listed for Rent $3,000 ZUMPER1
• 2025-01-31 Rental Removed $3,000 ZUMPER1
• 2025-01-28 Listed for Rent $3,000 ZUMPER1
• 2025-01-15 Rental Removed $3,000 ZUMPER1
• 2024-12-21 Listed for Rent $3,000 ZUMPER1