Investment Opportunity in Midtown East – 125 E 39th Street
Address: 125 E 39th Street, New York, NY, 10016
Price: $8,500,000 ($1,416,667/Unit)
Sale Type: Investment
Type: 2-Star Mid-Rise Apartment Building
Location: CBD (Central Business District – Midtown East)
Units: 6 Residential Units
Stories: 5
Average Unit Size: 600 SF
Gross Building Area (GBA): 6,804 SF
Typical Floor Size: 1,520 SF
Building Class: C
Units per Acre: 133/AC
Market Segment: All
Rent Type: Market Rate
Property Overview:
125 E 39th Street presents a turnkey multifamily investment opportunity located in the heart of Midtown East, one of Manhattan’s most robust and stable residential rental markets. This 5-story walk-up building includes 6 market-rate apartments, each averaging approximately 600 SF, ideal for long-term renters seeking convenience and access in a prime central location.
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Key Features:
Centrally Located Asset:
- Located between Lexington and Park Avenue, steps from Grand Central Terminal, Bryant Park, and Murray Hill
- Surrounded by office buildings, medical centers, international consulates, and corporate HQs
- High demand from young professionals, students, diplomats, and expats
Efficient Layout & Asset Mix:
- 6 residential units, all market-rate, with strong in-place rents and room for upside
- Solid 2-star building with stable mechanical systems and updated interiors
- Low operating expenses, ideal for investors seeking long-term cash flow and capital appreciation
Strong Transit Connectivity:
- Just a few blocks from Grand Central (4, 5, 6, 7, Metro-North) and near Bryant Park and Herald Square transit hubs
- Easy access to Midtown offices, hospitals, and retail corridors
Highlights:
✔ $8.5M acquisition price, with a healthy price-per-unit at ~$1.42M
✔ Market-rate building with value-add potential or stable income stream
✔ Prime Midtown East location with constant rental demand
✔ 6,804 SF of GBA across five well-laid-out floors
✔ Perfect for 1031 exchange buyers, long-term investors, or boutique residential operators
Conclusion:
125 E 39th Street offers a rare chance to acquire a fully market-rate, small-scale multifamily building in a premier Manhattan location. Whether you’re seeking steady rental income, portfolio diversification, or a value-add opportunity, this property delivers on location, layout, and long-term potential.
Contact us today for financials, rent roll, or to schedule a private walkthrough of this Midtown gem.
