Multi-family

Affordable Housing Investment in Midtown West – 459 West 43rd Street

Address: 459 West 43rd Street, New York, NY, 10036
Price: $9,250,000 ($711,538/Unit)
Sale Type: Investment
Type: 3-Star Mid-Rise Apartment Building
Location: CBD (Midtown West / Hell’s Kitchen)
Units: 13 Residential Units
Stories: 5
Gross Building Area (GBA): 9,550 SF
Typical Floor Size: 958 SF
Number of Buildings: 2
Building Class: B
Units per Acre: 226/AC
Market Segment: All
Rent Type: Affordable
Affordable Type: Rent Controlled

Property Overview:

459 West 43rd Street offers a rare opportunity to acquire a stable, income-generating multifamily asset in the heart of Midtown West, just steps from Times Square, Hudson Yards, and the Theater District. This 13-unit, dual-building portfolio benefits from long-term tenants under rent-controlled protections, providing a secure income stream and long-term upside potential in one of NYC’s most in-demand neighborhoods.

Key Features:

Prime Midtown Location:

• Located on West 43rd Street between 9th and 10th Avenues, in the heart of Hell’s Kitchen
• Close to Hudson Yards, Port Authority Bus Terminal, and Broadway theaters
• Surrounded by dining, nightlife, and major transit hubs, attracting long-term renters

Dual-Building Asset with Affordable Tenancy:

• 13 units across two adjacent mid-rise buildings, both 5 stories tall
• All units are rent-controlled, ensuring tenant stability and regulatory compliance
• Strong demand for affordable housing in Midtown with limited turnover

Solid Construction & Layout:

• 9,550 SF total GBA, averaging ~735 SF per unit
• Typical floor size of 958 SF, suitable for small 1BR and studio layouts
• Well-maintained Class B buildings with manageable operating costs

Transit Accessibility:

• Within walking distance to A, C, E, 1, 2, 3, N, Q, R, W, 7 trains at Times Square–42nd St and 8th Avenue
• Ideal for commuters, service workers, and artists drawn to the Theater District

Highlights:

✔ $9.25M asking price for 13-unit income-producing multifamily in Midtown
✔ Stable tenant base under rent control, providing predictable cash flow
✔ Located in one of Manhattan’s highest-demand rental markets
✔ Potential long-term value appreciation and future repositioning upside
✔ Close to Times Square, Hudson Yards, and Penn Station

Conclusion:

459 West 43rd Street represents a compelling opportunity for investors seeking stable income, long-term value retention, and exposure to Manhattan’s affordable housing market. With prime location fundamentals, limited supply of rent-controlled housing, and potential for future redevelopment, this asset is a smart addition to any investor’s NYC portfolio.

Contact us today for rent roll, expense breakdown, or to arrange a private tour.