Multi-family

143 E 35th Street, New York, NY, 10016
For Sale: $7,500,000 ($833,333/Unit) | Cap Rate: 4.00%

Property Overview:
Nestled in Manhattan’s sought-after Central Business District (CBD), 143 E 35th Street offers a prime 2-Star Mid-Rise Apartment Building investment opportunity. This Class C property comprises 9 market-rate units across 5 stories, featuring a total Gross Building Area (GBA) of 5,929 SF. Positioned in a vibrant and highly connected neighborhood, this asset combines steady income with strong long-term appreciation potential.

Key Details:

• Units: 9 (Market Rent)
• Stories: 5
• Typical Floor Size: 715 SF
• Units per Area: 225/AC
• Building Count: 1
• Market Segment: All

Investment Highlights:

• Desirable Midtown Location: Strategically situated in the heart of the CBD, close to major transportation hubs, dining, retail, and amenities.
• Steady Income Stream: All 9 units are market-rate, ensuring consistent rental income with the potential for rent growth.
• Compact Efficiency: With a typical floor size of 715 SF, the property offers manageable and well-utilized living spaces attractive to tenants.
• Value-Add Potential: Investors can explore renovations or enhancements to improve the property’s performance and increase rental income.
• Strong Fundamentals: A competitive Cap Rate of 4.00% reflects the property’s solid income stream and investment value.

Summary:
Offered at $7,500,000, 143 E 35th Street is an exceptional opportunity for investors seeking a stable, income-producing asset with upside potential in one of Manhattan’s most dynamic neighborhoods. The property’s prime location, efficient layout, and market-rate units ensure long-term viability and attractive returns.

For additional information or to schedule a property tour, contact us today!