Multi-family

438 E 45th Street, New York, NY, 10036
For Sale (Part of a Portfolio): $5,250,000 ($181,034/Unit)

Property Overview:
Located in the heart of Manhattan’s Central Business District (CBD), 438 E 45th Street presents a unique investment opportunity as part of a larger portfolio. This 2-Star Mid-Rise Apartment Building offers 14 market-rate units across 5 stories, with a Gross Building Area (GBA) of 9,175 SF. The property’s Class C status and attractive pricing make it an ideal option for investors seeking a steady income stream and growth potential in a prime New York location.

Key Details:

• Units: 14 (Market Rent)
• Stories: 5
• Typical Floor Size: 1,835 SF
• Units per Area: 243/AC
• Building Count: 1
• Market Segment: All

Investment Highlights

• Prime CBD Location: Situated in one of the most sought-after and accessible areas of Manhattan, the property is well-positioned near key transportation routes, businesses, dining, and amenities.
• Solid Income Potential: With 14 market-rate units, this property promises consistent rental income, making it a stable asset for any investment portfolio.
• Ample Floor Space: Each floor offers 1,835 SF, making it attractive to tenants seeking larger apartment units within Manhattan’s fast-paced rental market.
• Investment Opportunity: Priced competitively as part of a portfolio, this building offers significant value for investors looking to expand their footprint in New York’s vibrant real estate market.
• Market-Rate Rent: All units are rented at market value, providing immediate income and the potential for future rent growth.

Summary:
Offered at $5,250,000, 438 E 45th Street is a prime opportunity for investors to acquire a strategically located Mid-Rise Apartment Building in a highly desirable Manhattan neighborhood. The property’s solid rental base and potential for future value enhancements make it an excellent choice for long-term investment

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