Multi-family

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.

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.