Multi-family

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.

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.