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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

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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%

43-45 W 55TH ST - om 5.21.2026

Property Facts

Price	$15,000,000	Apartment Style	Mid-Rise
Price Per Unit	$1,363,636	Building Class	B
Sale Type	Investment	Lot Size	0.09 AC
Cap Rate	4.94%	Building Size	14,680 SF
No. Units	11	Average Occupancy	91%
Property Type	Multifamily	No. Stories	5
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory	Year Built/Renovated	1936/1987
Zoning	C5-P - Special zoning designation for any lot located within the preservation sub-district of the Special midtown Zoning district.

Price	$15,000,000
Price Per Unit	$1,363,636
Sale Type	Investment
Cap Rate	4.94%
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.09 AC
Building Size	14,680 SF
Average Occupancy	91%
No. Stories	5
Year Built/Renovated	1936/1987
Zoning	C5-P - Special zoning designation for any lot located within the preservation sub-district of the Special midtown Zoning district.

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	5	-	500 - 696
1+1	4	-	560 - 710
2+2	2	-	750 - 860

1 1

Exceptionally walkable

100/100

Fairly drivable

40/100

Exceptional public transit

100/100

Very bikeable

80/100

Source: Local Logic^®

Property Taxes

Parcel Number	1271-0015	Improvements Assessment	$1,708,200
Land Assessment	$1,003,500	Total Assessment	$2,711,700

Property Taxes

Parcel Number

1271-0015

Land Assessment

$1,003,500

Improvements Assessment

$1,708,200

Total Assessment

$2,711,700

(646) 229-4053

Contact

Kenji Asazuma
New York Zone Property Inc

Listing ID: 37256182
Date on Market: 8/13/2025
Last Updated:
Address: 43-45 W 55th St, New York, NY 10019

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43-45 W 55th St, New York, NY for sale Primary Photo- Image 1 of 17 — Primary Photo

43-45 W 55th St, New York, NY for sale Building Photo- Image 2 of 17 — a

43-45 W 55th St, New York, NY for sale Building Photo- Image 3 of 17 — Living 4e

43-45 W 55th St, New York, NY for sale Building Photo- Image 4 of 17 — bed

43-45 W 55th St, New York, NY for sale Building Photo- Image 5 of 17 — bed 2

43-45 W 55th St, New York, NY for sale Building Photo- Image 6 of 17 — kitchen

43-45 W 55th St, New York, NY for sale Building Photo- Image 7 of 17 — bath

43-45 W 55th St, New York, NY for sale Building Photo- Image 8 of 17 — closet

43-45 W 55th St, New York, NY for sale Plat Map- Image 9 of 17 — Plat Map

43-45 W 55th St, New York, NY for sale Building Photo- Image 10 of 17 — Building Photo

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43-45 W 55th St, New York, NY for sale Interior Photo- Image 12 of 17 — Building Photo

43-45 W 55th St, New York, NY for sale Interior Photo- Image 13 of 17 — Building Photo

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43-45 W 55th St, New York, NY for sale Interior Photo- Image 15 of 17 — Building Photo

43-45 W 55th St, New York, NY for sale Interior Photo- Image 16 of 17 — Building Photo

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43-45 W 55th St

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