Residential Investment Property for Sale – 314 W 52nd Street, New York, NY 10019
Asking Price: $6,500,000 ($1,625,000/Unit)
Cap Rate: 4.00%
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: Midtown West / Central Business District (CBD), Manhattan (10019)
Availability: Immediate
Property Overview
314 W 52nd Street presents a 4-unit multifamily investment opportunity in Midtown West, one of Manhattan’s most dynamic and high-demand rental corridors. The 5-story, 6,200 SF building is positioned in the heart of the Central Business District, offering investors both stable in-place income and long-term appreciation potential.
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With all units market-rate and a 4% cap rate, this asset combines predictable cash flow with the upside of a Midtown West location where housing demand remains consistently strong.
Key Features
- Total Units: 4
- Asking Price per Unit: $1,625,000
- Stories: 5
- Gross Building Area (GBA): 6,200 SF
- Typical Floor Size: 1,240 SF
- Building Height: 52’
- Number of Buildings: 1
- Building Class: C (2-Star Mid-Rise)
- Lot Density: ~100 units/acre
Market Profile
- Rent Type: 100% Market-rate units
- Tenant Base: Professionals, creatives, and long-term residents drawn to Midtown West’s proximity to employment centers, entertainment, and transit.
- Neighborhood Demand: Strong demand driven by Hudson Yards expansion, Broadway/Times Square employment base, and nearby cultural anchors.
- Competitive Advantage: Boutique-sized multifamily building in a submarket dominated by larger towers; easier to manage and attractive to private investors.
Financial Highlights
- Asking Price: $6,500,000
- Price per Unit: $1,625,000
- Price per SF: ≈ $1,048/SF
- Cap Rate: 4.00% (in-place NOI)
- Upside Potential: Rent growth tied to Midtown West’s residential demand and continued development momentum.
Location Advantages
- Neighborhood: Midtown West – vibrant and densely populated with employment, retail, and entertainment.
- Proximity: Near Times Square, Hudson Yards, Broadway theaters, and Central Park South.
- Transit: Excellent connectivity via multiple subway lines (A/C/E, 1, N/Q/R/W, B/D), Penn Station, and Port Authority.
- Tenant Demand: Steady from young professionals, entertainment industry employees, and international renters seeking central Manhattan living.
Summary
The 4-unit, 6,200 SF multifamily property at 314 W 52nd Street is offered at $6.5M (~$1,625,000/unit; ~$1,048/SF) with an in-place 4.00% cap rate. Located in the CBD/Midtown West corridor, this asset offers investors stable income, 100% market-rate units, and long-term appreciation potential in one of Manhattan’s strongest rental markets.
