Presenting 133 E 35th Street, a prime investment property located in the bustling Midtown South neighborhood of Manhattan. This 5,000-square-foot garden apartment building is available for sale at $7,495,000, equating to $936,875 per unit, offering a solid investment with strong rental income potential.
Property Overview:
- Address: 133 E 35th Street, New York, NY 10016
- Sale Price: $7,495,000 ($936,875/Unit)
- Total Square Footage: 5,000 SF
- Property Type: 2 Star Garden Apartments
- Location: Midtown South, New York
- Units: 8
- Stories: 5
- Class C
Key Features:
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- Desirable Midtown South Location: Located in a thriving area of Midtown South, this property offers easy access to prime business districts, restaurants, and transportation hubs. The neighborhood is known for its vibrant mix of residential and commercial spaces, providing a steady demand for rental properties.
- Efficient Garden Apartment Layout: With eight units spread over five stories, each typical floor provides 1,000 square feet of space. The garden apartment configuration offers a unique and appealing living arrangement, ideal for tenants seeking a more private and tranquil living environment in the city.
- Affordable Rent Stabilized Unit: One of the units is rent stabilized, providing stable and predictable rental income. The remaining units are rented at market rates, ensuring strong cash flow for investors.
- Investment in a High-Demand Area: Midtown South continues to be a high-demand location, with continued growth and development driving rental rates upward. This property offers long-term value and the potential for significant appreciation as the neighborhood evolves.
- Strong Rental Income: The property is fully rented at market rates, providing a steady income stream for investors. With a mix of market and affordable units, this investment offers both stability and growth potential.
Conclusion:
133 E 35th Street is a solid investment opportunity in one of Manhattan’s most sought-after neighborhoods. With its prime location, mix of market and affordable units, and strong rental income potential, this property offers a compelling chance to secure long-term returns. Don’t miss the opportunity to invest in this well-positioned garden apartment building in Midtown South!
