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.
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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
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