Property Description

Exceptional 5.56% Cap Rate Opportunity - Short-Term Rentals Permitted!

A rare find in the heart of Midtown Manhattan, this apartment offers both end users and investors a strong 5.56% cap rate with the flexibility of short-term leasing, as the building uniquely allows minimum one-month rental terms. This exceptional structure opens the door to premium pricing potential in one of the most in-demand short-term rental markets in the country.

The spacious two-bedroom, one-bathroom residence features a galley kitchen with stainless steel appliances, granite countertops, and rich wood cabinetry, complemented by wide plank flooring throughout and generous closet space.

Building amenities include a recently renovated lobby with 24-hour concierge, fitness center, laundry room, valet dry cleaning, and a rooftop deck with sweeping city views.

Perfectly positioned between Times Square and Central Park/Columbus Circle, the building offers unbeatable access to Rockefeller Center, world-class dining, entertainment, and major subway lines (1, N, Q, R, F, B, D, E) with convenient bus service nearby - making it the ideal Midtown address for both residence and investment. Some of the images have been virtually staged.

There is currently an assessment of $396.16 in place until May 2027 to fund the reserve and various building projects. 

Property Features