Multi-family

Exceptional Investment Opportunity in Midtown East

Address: 204-206 E 58th Street, New York, NY, 10022
Price: $5,450,000 ($2,725,000/Unit)
Type: 3 Star Mid-Rise Apartments
Sale Type: Investment

Property Overview:
Located in the prestigious Midtown East neighborhood, 204-206 E 58th Street offers an outstanding investment opportunity. This 4-story, 2-unit mid-rise apartment building spans a Gross Building Area (GBA) of 9,840 SF and is designed for market-rate rentals. With a prime location in the Central Business District (CBD), this Class C property delivers consistent income potential and long-term value.

Key Features:

• Prime Midtown East Location:
  Nestled in one of Manhattan’s most desirable areas, this property enjoys unparalleled accessibility to high-end shopping, dining, cultural landmarks, and major transit routes. Its central location ensures high demand from tenants seeking the convenience and prestige of Midtown East living.
• Spacious Units with Efficient Layouts:
  The property features two generously sized units, each benefiting from a typical floor size of 2,460 SF. The efficient layout provides tenants with spacious and comfortable living spaces, making it an appealing choice for residents.
• Solid Investment Potential:
  With a market rent structure, this property is poised to generate stable rental income. Its location in the CBD ensures strong demand from professionals and families alike, offering long-term growth potential for investors.
• Mid-Rise Charm with Room to Grow:
  This Class C mid-rise building offers a perfect blend of historic charm and modern potential. Investors may explore opportunities for renovations or upgrades to enhance the property’s value further.

Highlights:

• 9,840 SF Gross Building Area
• Two large residential units with market rent potential
• 4-story mid-rise design with a typical floor size of 2,460 SF
• Priced at $5,450,000 ($2,725,000/unit)
• Located in the heart of Midtown East’s Central Business District
• Strong rental demand with consistent income potential

Conclusion:
204-206 E 58th Street offers a rare chance to acquire a well-positioned mid-rise apartment building in the highly coveted Midtown East neighborhood. With its prime location, spacious layouts, and strong rental income potential, this property is an excellent choice for investors seeking a high-quality asset in Manhattan.

Contact us today to explore this exclusive investment opportunity!