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43-45 W 55th St 11 Unit Apartment Building $20,773,650 CAD ($1,888,514 CAD/Unit) 4.94% Cap Rate New York, NY 10019

Apartment Buildings New York New York 43-45 W 55th St, 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%

ATTACHMENTS

43-45 W 55th Street New York $14,500,000

PROPERTY FACTS

Price $20,773,650 CAD Apartment Style Mid-Rise
Price Per Unit $1,888,514 CAD 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 $20,773,650 CAD
Price Per Unit $1,888,514 CAD
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
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 1271-0015 Improvements Assessment $2,197,017 CAD
Land Assessment $1,409,235 CAD Total Assessment $3,606,252 CAD

PROPERTY TAXES

Parcel Number
1271-0015
Land Assessment
$1,409,235 CAD
Improvements Assessment
$2,197,017 CAD
Total Assessment
$3,606,252 CAD
(646) 229-4053

Still interested?

Contact the broker for more information about this property

CONTACT

  • Kenji Asazuma
    Kenji Asazuma
  • New York Zone Property Inc

  • Listing ID: 37256182

  • Date on Market: 2025-08-13

  • Last Updated:

  • Address: 43-45 W 55th St, New York, NY 10019

The Midtown East Multifamily Property at 43-45 W 55th St, New York, NY 10019 is currently available. Contact New York Zone Property Inc for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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43-45 W 55th St
(646) 229-4053 x

43-45 W 55th St

Kenji Asazuma
(646) 229-4053

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