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    230 E 44th St New York, NY 10017

    Sponsored
    For Sale
    $48,000,000

    14-story Elevatored Building For Sale

    Property size:
    135,315 SF

    Description

    Added:
    May 7, 2025
    Days on Market:
    251
    230 East 44th Street located in the heart of Turtle Bay. The building is located on the South side of the street between 3rd and 2nd Avenue and contains a gross square footage of 135,315. The property is zoned C5-2. Block – 1217 and Lot – 30.

    HE OPPORTUNITY
    Building Overview
    This 14-story elevatored building stretches 130 feet wide containing 164 residential apartments and 3 commercial units. The unit mix consists of 42 1-bedroom apartments, 90 2-bedroom apartments, 23 3-bedroom apartments, 6 4-bedroom apartments, and 3 5-bedroom apartments. The building is 82%Free Market, Tax Class 2, and currently staffed by 32BJ Union.
    High Level Residential Finishes

    Property Features for 230 E 44th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    135,315 SF
    Price / Square Foot
    $354
    Elevators
    Yes
    Net Rentable
    135,315 SF

    Building Details

    Buildings
    1
    Stories
    14
    Units
    167

    HighLights

    • This 14‑story elevatored building stretches 130 feet wide containing 164 residential apartments and 3 commercial units. The residential units are mostly renovated and free market commanding strong in place rents across the board. This opportunity allows a potential purchaser to operate 167 units in a newly renovated 14 story elevator building for $362 per square foot.
    Location Intelligence

    Current Use by Public Records

    The Centra Parking Garage The Centra - 230 East ... Apartment Building Aragvi Georgian Restaurant Hotel NY Hotel 230 Pink Blossom ... Nail Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    State
    New York
    Longitude
    -73.968715
    Latitude
    40.7501383

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    FAQs

    What type of property is this?
    Multifamily property - 14-story Elevatored Building For Sale
    Where is this multifamily property located?
    The property is located at 230 E 44th St New York, NY.
    What is the asking price?
    The asking price for this property is $48,000,000.
    What are key features of this property?
    This property features: This 14-story elevatored building stretches 130 feet wide containing 164 residential apartments and 3 commercial units. The residential units are mostly renovated and free market commanding strong in place rents across the board. This opportunity allows a potential purchaser to operate 167 units in a newly renovated 14 story elevator building for $362 per square foot.
    (212) 430-5194
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    230 E 44th St New York, NY 10017
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    New York, NY 10017
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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
    230 E 44th St New York, NY 10017
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