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… Read More 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 2026 to fund the reserve and various building projects. Read Less
Listing Courtesy of: Alexander Boriskin, Douglas Elliman Real Estate
Listing Snapshot
Days Online
14
Last Updated
Property Type
Apartment
Beds
2
Full Baths
1
Year Built
1926
MLS Number
RLS20056841
30 Days Snapshot Of 10019
$4.47M
+11%
(avg) sold price
21
-4%
homes sold
Snapshot
Area Map
Additional Details
Building
Entry Level: 15, Features: Elevators, Living Area Units: SquareFeet, Name: Executive Plaza, Rooms Total: 3, Structure Type: HighRise
Exterior Features
Patio And Porch Features: None
Property
Property Sub Type: Apartment, View YN: t, View: City
Taxes
Tax Block: 01003, Tax Lot: 0000
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