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43-45 W 55th St 11 Unit Apartment Building $15,000,000 ($1,363,636/Unit) 4.94% Cap Rate New York, NY 10019
Investment Highlights
- Heavy daytime foot traffic.
Executive Summary
Location: Prime Midtown Manhattan between 5th and 6th Avenue
Projected CAP rate: 4.94%
Type: 5-story mixed-use elevator building
Residential Units: 11 total (8 Free Market, 3 Rent Stabilized)
Retail Units: 3 storefronts
2nd Floor Restaurant Space: Currently vacant.
Air Rights: 15,436 SF available—significant potential for upward expansion or sale
Current CAP Rate: 3.9%
Projected CAP Rate (with 2nd floor leased): 5.1%
Projected CAP rate: 4.94%
Type: 5-story mixed-use elevator building
Residential Units: 11 total (8 Free Market, 3 Rent Stabilized)
Retail Units: 3 storefronts
2nd Floor Restaurant Space: Currently vacant.
Air Rights: 15,436 SF available—significant potential for upward expansion or sale
Current CAP Rate: 3.9%
Projected CAP Rate (with 2nd floor leased): 5.1%
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 500 - 696 |
| 1+1 | 4 | - | 560 - 710 |
| 2+2 | 2 | - | 750 - 860 |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 1271-0015 | Improvements Assessment | $1,564,470 |
| Land Assessment | $1,003,500 | Total Assessment | $2,567,970 |
Property Taxes
Parcel Number
1271-0015
Land Assessment
$1,003,500
Improvements Assessment
$1,564,470
Total Assessment
$2,567,970
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Videos
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Presented by
New York Zone Property Inc
43-45 W 55th St
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