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Turnkey Multifamily/Condo Investment – 534 West 42nd Street, New York, NY 10036
Asking Price: $450,000
Price/SF: $2,307.69
Sale Type: Investment or Owner-User
Status: Active
Asset Type: Mid-Rise Residential Condo (2-Star, Class C)
Location: Midtown West – Central Business District (CBD)
Stories: 9
Units: 7 Residential Units
Avg Unit Size: ~1,000 SF
Total GBA: 14,096 SF
Typical Floor Size: 2,013 SF
Buildings on Site: 1
Zoning/Market Segment: All / Market-Rate Rental
Investment Profile: Opportunistic

Property Overview:
534 West 42nd Street presents a rare boutique multifamily investment or live-plus-income opportunity in the heart of Midtown West. This 9-story mid-rise condo building offers 7 spacious units averaging 1,000 square feet each, totaling over 14,000 square feet of gross building area. With flexible market-rate tenancy and strong rental upside, the asset is ideal for value-add investors, condo converters, or owner-users seeking long-term appreciation in a fast-evolving corridor.

Key Highlights:

• Prime Midtown Location: Situated near Hudson Yards, Times Square, and Port Authority
• Efficient Layouts: Large residential units, ideal for rental or resale
• Low Basis Opportunity: Priced below replacement cost with significant value-add potential
• Boutique Scale: 7 units over 9 stories allow for operational efficiency and premium per-unit returns
• High-Density Zoning: 175 units/acre in a dense residential and mixed-use zone
• Transit Proximity: Walking distance to A/C/E/1/2/3/N/Q/R/W subway lines and commuter hubs

Ideal For:

• Multifamily investors seeking condo conversion upside
• Owner-users interested in occupying while generating income
• 1031 Exchange buyers targeting long-term asset value in the Midtown CBD
• Boutique residential developers or asset repositioning firms

Summary Metrics:

• Total Building Size: 14,096 SF
• Typical Floorplate: 2,013 SF
• Average Unit Size: ~1,000 SF
• Units: 7
• Investment Type: Opportunistic / Value-Add
• Class C, 2-Star Construction

Conclusion:
534 West 42nd Street offers a unique opportunity to acquire a well-located, low-density multifamily asset with substantial upside in one of Manhattan’s most dynamic submarkets. Whether for income generation, condo conversion, or owner-occupancy, this property is positioned to benefit from long-term growth in the Midtown West corridor.

Contact us today for offering memorandum, rent roll, or to schedule a confidential tour.