For Sale (Portfolio Asset): Multifamily Investment – 35 Madison Street, New York, NY 10038
Asking Price (Part of Portfolio): $8,000,000
Cap Rate: 6.20%
Gross Building Area (GBA): 6,924 SF
Units: 12 Market-Rate Apartments
Avg Unit Size: 663 SF
Stories: 4
Typical Floor: 1,731 SF
Building Class: C
Building Type: 2-Star Mid-Rise Apartments
Sale Type: Investment
Location: Lower Manhattan – Financial District / Chinatown (CBD)
Status: Active
Property Overview:
35 Madison Street offers investors the opportunity to acquire a 12-unit market-rate multifamily building in Lower Manhattan’s Central Business District (CBD). This asset is being offered as part of a broader portfolio and delivers strong in-place income with a 6.20% cap rate, supported by full market-rate tenancy.
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The four-story, 6,924 SF walk-up spans two contiguous buildings, with efficient layouts and an average unit size of 663 SF. Located near the Brooklyn Bridge, City Hall, and South Street Seaport, the property is ideally positioned for long-term rental demand from both residential tenants and student housing users.
Key Features:
- 100% market-rate units offering immediate cash flow
- Two-building package with shared infrastructure and scale efficiency
- Strong cap rate in a transit-rich and supply-constrained downtown location
- Proximity to Pace University, Civic Center, Chinatown, and Seaport District
- Low-maintenance mid-rise construction with long-term upside
Investment Highlights:
- Asking Price (Portfolio Asset): $8,000,000
- Cap Rate: 6.20% (in-place income)
- Total Units: 12
- GBA: 6,924 SF
- Avg Unit Size: 663 SF
- Stories: 4 across 2 buildings
- Rent Type: All Market
- Located in a rapidly redeveloping submarket with consistent rental demand
Conclusion:
35 Madison Street represents a strategic multifamily investment opportunity in a high-demand, urban core location. As part of a larger portfolio, this fully market-rate asset offers strong in-place returns, future growth potential, and low exposure to regulatory risk—making it ideal for investors seeking stable cash flow and value preservation in the heart of Manhattan.
Contact us today for portfolio details, financials, or to arrange a private property tour.
