Presenting 109 E 29th Street, a premier investment property in one of Manhattan’s thriving neighborhoods, Midtown South. This 5,760-square-foot apartment building is listed for sale at $8,950,000, equating to $1,278,571 per unit.
Property Overview:
- Address: 109 E 29th Street, New York, NY 10016
- Sale Price: $8,950,000 ($1,278,571/Unit)
- Total Square Footage: 5,760 SF
- Property Type: 2 Star Apartments
- Location: Midtown South, New York
- Units: 7
- Stories: 4
- Class C
Key Features:
Read More
- Central Midtown South Location: Located in Midtown South, this property is within close proximity to key business districts, public transportation, and iconic landmarks such as the Empire State Building and Madison Square Park. The area is experiencing continued growth and development, making it an attractive choice for investors.
- Well-Maintained and Spacious Apartments: The building consists of seven units across four stories, with typical floors offering 1,440 square feet. Each apartment provides ample space, ensuring the property appeals to both residential tenants and potential buyers.
- Steady Income Potential: The building is fully rented at market rates, providing a strong and stable rental income stream. With demand for apartments in Midtown South continuing to rise, this property represents an ideal opportunity for investors seeking consistent returns.
- Investment in a High-Demand Market: Midtown South has become one of Manhattan’s most desirable areas, known for its vibrant mix of residential, commercial, and retail spaces. This property is well-positioned to benefit from the area’s continued development and increasing desirability.
Conclusion:
109 E 29th Street offers an exceptional opportunity for investors looking to capitalize on the growing Midtown South market. With a prime location, well-maintained apartments, and strong income potential, this property is a solid investment for those seeking a stable return in a high-demand area of New York City. Don’t miss out on this unique opportunity to own a piece of one of Manhattan’s most coveted neighborhoods.
