Multi-family

Introducing 59 Morton Street, New York, NY 10014

Presenting a premier investment opportunity, 59 Morton Street is a distinguished townhome apartment property available for sale in the heart of New York’s vibrant central business district. Listed at $14,995,000, this 3-Star, Class B property provides a rare chance to acquire a high-quality residential asset in a prestigious area.

Property Details:

• Address: 59 Morton Street, New York, NY 10014
• Sale Price: $14,995,000 ($2,999,000/Unit)
• Sale Type: Investment
• Building Type: 3-Star Townhome Apartments
• Location: CBD
• Number of Units: 5
• Average Unit Size: 1,203 sq. ft.
• Stories: 5
• Class: B
• Gross Building Area (GBA): 6,700 sq. ft.
• Typical Floor Area: 1,340 sq. ft.
• Buildings on Property: 1
• Units per Acre: 84
• Market Segment: All
• Rent Type: Market

Key Features:

Spacious and Elegant Design With a gross building area of 6,700 sq. ft. and an average unit size of 1,203 sq. ft., each residence at 59 Morton Street offers ample space for tenants seeking both comfort and style. The thoughtfully designed floor plans cater to modern urban living while preserving the timeless appeal of townhouse architecture.

Prime CBD Location Located in the central business district, 59 Morton Street provides excellent access to New York City’s top attractions, shopping, and dining destinations, enhancing tenant appeal and ensuring high demand. This desirable location promises convenience and connectivity, positioning the property favorably in the market.

Investment Advantage At $14,995,000, this property represents an exceptional investment in a high-growth market. With Class B designation and market-rate rental terms, it offers both immediate income and potential for value-add improvements to increase returns over time.

Conclusion:

59 Morton Street is a unique investment opportunity for those seeking a high-caliber residential property in one of New York City’s most sought-after districts. With its expansive layout, prime location, and strong investment potential, this property is ideal for investors looking to secure a profitable asset in the competitive New York real estate market.