Multi-family

Turnkey Multifamily or Live/Invest Opportunity in Hell’s Kitchen – 450 West 44th Street

Address: 450 West 44th Street, New York, NY, 10036
Asking Price: $6,500,000 ($1,625,000/unit)
Cap Rate: 6.00%
Sale Type: Investment or Owner-User
Type: 3-Star Mid-Rise Multifamily Building
Location: Urban – Central Business District (CBD) / Hell’s Kitchen
Units: 4
Stories: 4
Building Class: B
Gross Building Area (GBA): 5,000 SF
Typical Floor Plate: 1,250 SF
Building Height: 49 ft
Units per Acre: 100/AC

Property Overview:

450 West 44th Street presents a rare boutique multifamily opportunity in the heart of Midtown West. This 4-unit, 4-story walk-up building features 5,000 SF of built area and delivers immediate cash flow with a solid 6% cap rate. Ideal for both investors and end-users, this well-maintained property can serve as a luxury live-plus-income residence, long-term rental asset, or a strategic 1031 exchange target.

Investment Highlights:

✔ Price: $6.5M or $1.625M per unit – boutique ownership with institutional-quality yield
✔ Cap Rate: 6.00% – strong in-place income in a highly desirable submarket
✔ Building Size: 5,000 SF across four levels with large, full-floor apartments
✔ Turnkey Condition: Ideal for immediate occupancy or leasing; minimal renovation required
✔ Ownership Flexibility: Use as a full investment or partial owner-occupant residence
✔ Low Density: 4 full-floor units—private, secure, and highly desirable for luxury renters

Location Advantages:

✔ Located on a quiet, tree-lined block in Hell’s Kitchen near 9th Avenue
✔ Walking distance to Times Square, Hudson Yards, Broadway theaters, and the Port Authority
✔ Access to A, C, E, N, Q, R, S, 1, 2, 3, 7 subway lines and regional transit hubs

Conclusion:

450 West 44th Street offers the rare combination of boutique scale, high-end rental potential, and an excellent cap rate in one of Manhattan’s most dynamic residential markets. With turnkey interiors and a flexible ownership profile, this is a premier opportunity for investors or users seeking long-term value and immediate returns in Midtown West.