$15,000,000 USD
646-229-4053
43-45 W 55th St
New York, NY 10019
Midtown East
OVERVIEW
Location: Prime Midtown Manhattan between 5th and 6th Avenue
Projected CAP rate: 4.94%
Type: 5-story mixed-use elevator building
Residential Units: 11 total (8 Free Market, 3 Rent Stabilized)
Retail Units: 3 storefronts
2nd Floor Restaurant Space: Currently vacant.
Air Rights: 15,436 SF available—significant potential for upward expansion or sale
Current CAP Rate: 3.9%
Projected CAP Rate (with 2nd floor leased): 5.1%
FOR SALE DETAILS
PRICE
$15,000,000 USD
PRICE/SF
$1,022 USD /SF
# OF UNITS
11
PRICE/UNIT
$1,363,636
CAP RATE
4.94%
% LEASED
91%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory
TOTAL BUILDING SIZE
-
STORIES
5
YEAR BUILT
1936
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.09 AC
LAND SF
3,920 SF
ZONING
C5-P
APN/PARCEL ID
1271-0015
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646-229-4053
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646-229-4053
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