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    115 E 39Th St, Unit New York Manhattan, NY 10016

    New
    For Sale
    $4,999,950

    MULTI_FAMILY - New York (Manhattan), NY

    Lot size:
    0.04 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for 115 E 39Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R8B
    Rooms
    Basement
    APN
    0895-0013
    Parking features
    On Street, Open
    Basement
    Full
    Appliances
    Tankless Water Heater
    Lot size
    0.04 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    5
    Number of units
    9
    Flooring type
    Combination

    RE/MAX In The City (646) 228-6649 [email protected]

    Listing agent Chintan Trivedi (646) 228-6649

    Listing date Dec 9, 2025

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Manhattan Multifamily Building Near Grand Central

    This multi-family property is located in Midtown Manhattan, just two blocks from Grand Central Terminal. The original building has 6,254 square feet, plus a penthouse apartment. The first floor features office and medical space, while the second floor contains medical office space. The third floor includes one studio and one one-bedroom apartment, currently occupied with rent stabilization. The fourth floor contains one large apartment space. The fifth floor has one studio and one one-bedroom apartment. The property offers flexibility for a triple net lease, with the owner renting the bottom two floors and the buyer taking over the upper apartments. Alternatively, the property can be delivered empty, with the exception of two rent-stabilized tenants. The lot size is 0.0378 acres. The zoning is R8B. This property presents an opportunity to occupy, modify, or rebuild according to individual needs and vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Catscape Productions Film Production Company Kettle Media Concepts, ... Video Production Service iWoman Media Company

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.9780672
    Latitude
    40.7499234

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    FAQs

    What type of property is this?
    Apartment building - Multi-family property near Grand Central Terminal with redevelopment potential.
    Where is this apartment building located?
    The property is located at 115 E 39Th St, Unit New York Manhattan, NY.
    What is the asking price?
    The asking price for this property is $4,999,950.
    What are key features of this property?
    This property features: - Prime Midtown Manhattan location, just two blocks from Grand Central Terminal; - Multi-family property with flexible usage options: triple net lease, owner-occupancy, or complete redevelopment; - Existing building square footage of 6,254 sq ft plus penthouse apartment
    (646) 228-6649
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 E 39Th St, Unit New York Manhattan, NY 10016
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