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43-45 W 55th St 11 Unit Apartment Building $21,021,901 CAD ($1,911,082 CAD/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 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1271-0015 | Improvements Assessment | $2,393,974 CAD |
| Land Assessment | $1,406,365 CAD | Total Assessment | $3,800,339 CAD |
Property Taxes
Parcel Number
1271-0015
Land Assessment
$1,406,365 CAD
Improvements Assessment
$2,393,974 CAD
Total Assessment
$3,800,339 CAD
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Presented by
New York Zone Property Inc
43-45 W 55th St
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