Multi-family

Prime Mid-Rise Apartment Investment Opportunity in the Heart of Manhattan

Address: 39-45 Madison Ave, New York, NY, 10038
For Sale: $9,500,000 ($237,500/Unit)
Cap Rate: 3.58%
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: Central Business District (CBD)
Units: 40
Stories: 6
Class: C
Gross Building Area (GBA): 17,478 SF
Typical Floor Size: 2,913 SF
Number of Buildings: 4
Units per Area: 571/AC
Market Segment: All
Rent Type: Market

Overview:
This exceptional investment property at 39-45 Madison Avenue offers a unique opportunity to acquire a portfolio of 40 mid-rise apartment units in a prime Central Business District (CBD) location. Priced at $9,500,000 ($237,500/Unit) with a cap rate of 3.58%, this property consists of four buildings and spans 17,478 SF across six stories. With its attractive price point and solid rental potential, this property presents an outstanding opportunity for investors seeking stable returns and long-term growth in one of New York City’s most dynamic neighborhoods.

Key Features:

Prime Location:
Located in the heart of Manhattan’s CBD, this property offers easy access to major commercial and residential areas, as well as numerous amenities such as shopping, dining, and entertainment. The property’s central location ensures high demand for rental units, attracting a diverse range of tenants.

Mixed-Use Mid-Rise:
This investment consists of 40 apartment units spread across four buildings, each offering spacious floor plans and a total GBA of 17,478 SF. With typical floor sizes of 2,913 SF, this property offers a solid mix of unit types and configurations, making it ideal for a wide range of tenants.

Strong Rental Demand:
With its central location in Manhattan, 39-45 Madison Avenue enjoys strong rental demand from both residential and commercial tenants. The property is fully market-rented, offering potential for stable cash flow and consistent income generation.

Class C Property:
As a Class C property, this building offers significant upside potential through renovations or repositioning. Updates to common areas, amenities, or unit finishes could increase rents and enhance overall property value.

Cap Rate:
The property’s current cap rate of 3.58% offers an attractive return on investment in one of New York City’s most coveted real estate markets.

Proximity to Transit:
39-45 Madison Avenue benefits from easy access to multiple subway lines and bus routes, including the 1, 2, 3, 4, 5, and 6 trains, providing convenient commuting options for tenants. Major transportation hubs like Penn Station and Grand Central Terminal are also within close reach.

Highlights:
39-45 Madison Avenue presents a rare opportunity to acquire a mid-rise apartment building in a prime Manhattan location with solid rental income and significant potential for future appreciation. The property’s strategic position, solid cap rate, and versatile unit configurations make it an ideal addition to any real estate portfolio.

Contact us today to schedule a tour and learn more about how this investment property can benefit your portfolio!