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Multifamily

451 West 43rd Street

451 W 43rd St, New York, NY 10036

Listing Price: $3,500,000

Cap Rate
4.50%
Number of Units
6
GRM
16.87
Price/Unit
$583,333
Price/Gross SF
$707.93
Gross SF
4,944

Investment Overview

Marcus and Millichap is pleased to offer for sale 451 West 43rd Street, located in the heart of Midtown West. 451 West 43rd Street is a 4,944 square foot multifamily property on the North side of West 43rd Street between 9th and 10th Avenues. The property is zoned R8 and is built 25 ft X 72 ft and sits on a 25 ft X 100 ft lot (Block: 1053; Lot: 10). The property has an additional 10,166 square-feet of air-rights.

Investment Highlights

  • 451 West 43rd Street is a rare opportunity to acquire a thoughtfully maintained, generational asset, offered for sale for the first time in 60 years.
  • This 6-unit multifamily property offers tremendous upside, with the free-market units being rented considerably below market rate.
  • 451 West 43rd Street also falls into the the highly attractive Tax Class 2A designation.

Exclusively Listed By

Financing By

Multifamily

451 West 43rd Street

Listing Price: $3,500,000

Cap Rate
4.50%
Number of Units
6
GRM
16.87
Price/Unit
$583,333
Price/Gross SF
$707.93
Gross SF
4,944

Investment Highlights

  • 451 West 43rd Street is a rare opportunity to acquire a thoughtfully maintained, generational asset, offered for sale for the first time in 60 years.
  • This 6-unit multifamily property offers tremendous upside, with the free-market units being rented considerably below market rate.
  • 451 West 43rd Street also falls into the the highly attractive Tax Class 2A designation.

Investment Overview

Marcus and Millichap is pleased to offer for sale 451 West 43rd Street, located in the heart of Midtown West. 451 West 43rd Street is a 4,944 square foot multifamily property on the North side of West 43rd Street between 9th and 10th Avenues. The property is zoned R8 and is built 25 ft X 72 ft and sits on a 25 ft X 100 ft lot (Block: 1053; Lot: 10). The property has an additional 10,166 square-feet of air-rights.

Exclusively Listed By

Financing By

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