Multi-family

Midtown East Condo Opportunity – 245 E 53rd Street

Address: 245 East 53rd Street, New York, NY, 10022
Asking Price: $4,000,000
Sale Type: Investment or Owner-User
Asset Type: 3-Star Mid-Rise Apartment Condominium
Location: CBD – Midtown East
Building Class: B
Stories: 6
Units: 5
Gross Building Area (GBA): 12,484 SF
Typical Floor Size: 2,080 SF
Units per Acre: 83/AC
Rent Type: Market

Property Overview:

245 E 53rd Street offers an excellent opportunity to acquire a mid-sized residential condominium asset in the heart of Midtown East. Whether as a long-term investment property or for owner-user purposes, this 6-story building delivers market-rate income potential and a prime East Side location, steps from major transit and thriving commercial corridors.

Investment Highlights:

✔ Central Midtown East Location: Situated near 2nd Avenue and just blocks from Lexington Avenue, with convenient access to the E, M, 6 trains, Grand Central Terminal, and the Midtown Tunnel.

✔ Flexible Use Potential: With only 5 units across 12,484 SF, the building is ideal for boutique multifamily, live/work setups, or future residential customization.

✔ Market-Rate Rent Roll: All units are market-rate, allowing for future rent growth and flexibility in tenant turnover.

✔ Strong Residential Demographics: Located in a high-demand neighborhood with a strong base of professionals, diplomats, and long-term residents.

✔ Ownership Flexibility: Suitable for private investors, family offices, or owner-occupiers seeking to customize and reside in part of the property while earning passive income.

Property Summary:

• Sale Price: $4,000,000
• Stories: 6
• Units: 5
• Building Area: 12,484 SF
• Typical Floor Size: 2,080 SF
• Building Class: B
• Market Segment: All
• Rent Type: Market

Conclusion:

245 E 53rd Street is a rare opportunity to own a boutique-scale residential property in the Midtown East core. With its flexible use case, market-rate income, and premium location, this asset appeals to both investors and end-users seeking a stable and strategic Manhattan holding.

Request a full Offering Memorandum and schedule a private tour today.