Multi-family

Investment Sale – 544 W 49th Street, New York, NY 10019

Asking Price: $2,395,000
Price per Unit: ≈ $119,750
Sale Type: Investment
Property Type: 3-Star Mid-Rise Apartments
Location: Midtown West / Hell’s Kitchen (10019)
Availability: Immediate

Property Overview

544 W 49th Street presents a rare 20-unit multifamily investment opportunity in the heart of Midtown West / Hell’s Kitchen. Built in 1909 with masonry construction, the property offers a total of 11,740 SF across five stories.

The asset contains a mix of market and rent-stabilized units, providing investors with stable in-place income and long-term value-add potential through unit turnover, upgrades, or redevelopment. Its location in a high-demand Manhattan rental market ensures consistent occupancy and rental growth prospects.

Key Features

• Total Units: 20
• Stories: 5
• Gross Building Area (GBA): 11,740 SF
• Typical Floor Size: 1,760 SF
• Price per Unit: ≈ $119,750
• Building Height: 62 ft
• Construction: Masonry
• Metering: Master-metered utilities
• Class: B (3-Star Mid-Rise Apartments)
• Year Built: 1909

Financial Profile

• Asking Price: $2,395,000
• Market Segment: All
• Rent Type: Market / Affordable mix
• Affordable Component: Rent Stabilized units
• Units per Area: 333 per acre

Market Profile

• Location Advantage: Positioned in Midtown West, steps from Hell’s Kitchen dining, Hudson Yards, and the Theater District. Strong demand from renters in one of NYC’s most dynamic neighborhoods.
• Transit Access: Close to 50th Street (C/E), 59th Street–Columbus Circle (1/A/B/C/D), and bus routes.
• Neighborhood Demand: Driven by young professionals, creatives, and service workers seeking Midtown West apartments.
• Competitive Advantage: Rare 20-unit building under $2.5M in Midtown, offering a mix of stable cash flow and upside potential.

Summary

The 20-unit, 11,740 SF multifamily property at 544 W 49th Street, New York, NY 10019 is offered at $2,395,000 (~$119,750/unit). With its Midtown West location, rent-stabilized stability, and redevelopment potential, this property represents a strong investment opportunity for va