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:
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- 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!
