Investment Opportunity – Multi-Family Townhome in Midtown East
Address: 245 E 52nd Street, New York, NY, 10022
Price: $3,995,000 ($1,997,500/Unit)
Sale Type: Investment
Type: 2-Star Townhome Apartments
Property Overview:
Located in the prestigious Midtown East neighborhood, 245 E 52nd Street offers a rare investment opportunity with a six-story townhome featuring two expansive residential units. With a Gross Building Area (GBA) of 5,940 SF and market-rate rental potential, this property is ideal for investors seeking a luxury residential asset in one of Manhattan’s most sought-after neighborhoods.
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Key Features:
Prime Midtown East Location:
- Nestled in Turtle Bay, a quiet, upscale enclave in Midtown East, known for its historic brownstones, diplomatic residences, and proximity to the United Nations.
- Steps from Grand Central Terminal, Fifth Avenue, and major corporate headquarters, making it attractive for high-end tenants.
- Surrounded by boutique restaurants, luxury retail, and cultural landmarks, ensuring strong rental demand.
Expansive & Customizable Layout:
- Two large residential units, offering high-end rental or owner-occupancy potential.
- Six stories with a typical floor size of 990 SF, maximizing livable space and tenant comfort.
- Spacious interiors, ideal for luxury apartments, duplexes, or condo conversion.
Investment Potential & Market Appeal:
- Market-rate rental structure, allowing for premium pricing and long-term appreciation.
- High-income tenant appeal, due to the desirable location and luxury amenities.
- Strong rental demand from professionals, diplomats, and corporate executives.
Building & Infrastructure:
- One-building property with structurally sound masonry construction.
- Well-maintained Class C townhome, offering an opportunity for value-add upgrades.
- Units per area density of 58/AC, efficiently maximizing residential occupancy.
Highlights:
✔ $3,995,000 luxury townhome investment in Midtown East
✔ Two-unit, six-story property with market-rate rentals
✔ Spacious 5,940 SF layout, ideal for luxury rentals or conversion
✔ Located in a high-demand area near Grand Central and the UN
✔ Stable investment with strong rental appreciation potential
Conclusion:
245 E 52nd Street is a rare opportunity to acquire a luxury residential townhome in one of Manhattan’s most exclusive neighborhoods. With expansive living spaces, market-rate rental potential, and an unbeatable location, this property is ideal for investors seeking a high-end residential asset with long-term value.
Contact us today to schedule a private tour and explore this exceptional investment opportunity!
