Multi-family
Screenshot
For Sale
Multi-family
416, East 50th Street, Beekman, Manhattan Community Board 6, Manhattan, New York County, City of New York, New York, 10022, United States
Description
Exclusive Investment Opportunity at 416 E 50th Street, New York, NY, 10022
Secure a premium townhome apartment investment property in the heart of Manhattan’s vibrant Central Business District (CBD). Located at 416 E 50th Street, this elegant building offers investors stable income potential and a prime location.
Property Details:
- Asking Price: $5,495,000 ($1,831,667/Unit)
- Cap Rate: 4.08%
- Property Type: 3-Star Townhome Apartments
- Location: Central Business District (CBD)
- Units: 3
- Stories: 5
- Gross Building Area (GBA): 4,500 sq. ft.
- Typical Floor Size: 900 sq. ft.
- Class: B
- # of Buildings: 1
- Market Segment: All
- Rent Type: Market
Investment Highlights:
- Strategically located in a sought-after area of Manhattan, ideal for attracting high-end tenants.
- A 4.08% cap rate ensures a strong return on investment with steady cash flow.
- Townhome-style apartments offering a blend of luxury and privacy, catering to affluent residents.
- Well-maintained 5-story building with a typical floor size of 900 sq. ft., providing flexibility in unit layouts.
- Positioned in a high-demand rental market with excellent proximity to transportation, dining, and shopping.
This property is a rare opportunity for investors looking to expand their portfolio with a high-performing asset in one of New York City’s most prestigious neighborhoods.
Contact us today for further details or to schedule a private tour of this exceptional property!
