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30-Unit Apartment Portfolio
For Sale
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Pending

438 W 45th St, New York, NY 10036

Two adjacent five-story walk-up buildings offer a mix of one- and two-bedroom apartments with updated building systems.

Property SizeContact for details
Days on Market144

Property Features for 438 W 45th St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Cushman & Wakefield New York
Listed By: Andrew Berry · License #NY 10401255595
Source: Crexi
Added: Apr 12 Changed: Sep 1 Last Checked: Sep 1 at 3:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York

Investment Insights

Based on property information with market context.

This offering includes two adjacent five-story walk-up apartment buildings with 30 apartments across a combined 18,350 square feet. The unit mix includes one-bedroom and two-bedroom layouts, with 8 free market apartments and 22 rent stabilized apartments. There are 9 vacant apartments. Interior hallways have been renovated, and building systems, including electric meters, have been updated. The lower levels provide additional space with light and air, supporting potential conversion or amenity planning subject to applicable requirements.

The buildings are positioned on the south side of West 45th Street between 9th and 10th Avenues in Midtown West, Manhattan. The properties offer 50 feet of frontage and are near dining, nightlife, Hudson Yards, the Theater District, Times Square, Central Park, and the Hudson River. Subway access includes the A, C, and E trains on 8th Avenue and the 1, 2, 3, N, R, Q, and W trains on 7th Avenue.

Key Highlights

  • Two adjacent five‑story walk‑up buildings at 438 and 440 West 45th Street
  • 30 apartments total: 15 per building, with 1‑Bedroom and 2‑Bedroom units
  • Combined 18,350 square feet with 50’ of frontage along West 45th Street

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care Nursing Home Buffet Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38,587
Businesses Nearby

Demographics for 10036, NY

33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent five-story walk-up buildings offer a mix of one- and two-bedroom apartments with updated building systems.
Where is this apartment building located?
The property is located at 438 W 45th St New York, NY.
What are key features of this property?
This property features: Two adjacent five‑story walk‑up buildings at 438 and 440 West 45th Street; 30 apartments total: 15 per building, with 1‑Bedroom and 2‑Bedroom units; Combined 18,350 square feet with 50’ of frontage along West 45th Street
More about this property
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