113 - 115 E 39th street, New York, NY - 10016 113 E 39th St 15 Unit Apartment Building $10,950,000 ($730,000/Unit) 8% Cap Rate New York, NY 10016

113 & 115 East 39th Street – Offered Together
Midtown Manhattan | Development & Investment Opportunity
A rare opportunity to acquire two side-by-side townhouses in Midtown Manhattan, offering exceptional flexibility for investors, developers, or owner-users. The properties may be maintained as separate buildings or combined, allowing for multiple redevelopment, repositioning, or income-producing strategies.
The ownership is open to creative structures, including a triple-net lease on both properties, with the owner retaining the lower floors and the buyer assuming control of the upper residential units. Alternatively, the buildings can be delivered vacant, excluding two rent-stabilized tenants, providing a blank canvas for a buyer with vision.
113 East 39th Street
Approx. 6,055 SF + Full Basement
1st Floor: Office space
2nd Floor: Full floor-through apartment with private outdoor terrace
3rd Floor: Two (2) two-bedroom apartments, one with an outdoor terrace
4th Floor: One (1) two-bedroom apartment
5th Floor:
One (1) studio apartment (rent-stabilized)
One (1) two-bedroom apartment
115 East 39th Street
Approx. 6,254 SF + Penthouse Apartment
1st Floor: Office and medical space
2nd Floor: Medical office space
3rd Floor: One (1) studio and one (1) one-bedroom apartment (rent-stabilized)
4th Floor: One (1) large apartment
5th Floor: One (1) studio and one (1) one-bedroom apartment
Penthouse: Private apartment with outdoor terrace
Highlights
Side-by-side Midtown townhouses
Ability to combine or keep separate
Multiple residential and commercial income streams
Outdoor terraces and penthouse unit
Flexible delivery and lease options