Value-Add Multifamily Investment – 451 West 43rd Street, Hell’s Kitchen
Asking Price: $3,200,000
Price/Unit: $533,333
Total Units: 6
Gross Building Area (GBA): 4,944 SF
Stories: 3
Class: C (Low-Rise Apartment Building)
Rent Type: Market Rate
Status: Active – Investment Opportunity
Property Overview:
451 West 43rd Street presents a rare opportunity to acquire a low-rise multifamily property in the heart of Manhattan’s Hell’s Kitchen neighborhood. Comprising six market-rate units across three stories, this 4,944-square-foot building is ideal for investors seeking stable in-place income with potential for rent growth and long-term appreciation in a highly desirable residential corridor.
Read More
Key Investment Features:
- Turnkey Rental Asset: Fully leased with six market-rate apartments
- Efficient Layout: Typical floorplate of 1,648 SF across three levels
- Location Advantage: Situated in the vibrant Hell’s Kitchen district with strong rental demand
- Upside Potential: Opportunity to reposition or modernize interiors for higher future rents
- Stable Asset: Class C building with manageable scale and expenses, ideal for first-time or seasoned investors
Location Highlights:
- Steps from Times Square, Hudson Yards, and the Theater District
- Excellent public transit access (A/C/E, 1/2/3, N/Q/R/W trains nearby)
- Walkable to restaurants, bars, entertainment, and waterfront parks
- Located within Manhattan’s Central Business District (CBD)
Summary Metrics:
- Price: $3,200,000
- Units: 6
- GBA: 4,944 SF
- Stories: 3
- Average Unit Size: ~824 SF
- Price/SF: ~$647
- Zoning and Use: Residential / Market Rate
Conclusion:
451 West 43rd Street offers a rare chance to own a stable, income-producing asset in the core of Midtown Manhattan. With strong fundamentals, high rental demand, and potential for value-add improvements, this property is ideal for investors targeting long-term returns in a prime location.
Contact us today for full financials, rent roll, or to arrange a private showing.
