Mixed-Use Building with
For Sale
$11,000,000
43 W 54th Street New York, Manhattan, NY 10019
Five-story mixed-use building offers six residential units and a two-story restaurant space, fully renovated in 2025.
Property Size5,802 SF
Days on Market65
Property Features for 43 W 54th Street New York
General Information
Standard status
Active
Size
5,802 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$148,389
Building Details
Building Size
5,802 SF
Year Built
1915
Year Renovated
2025
Stories
5
Listing Agency:
Promise Realty LLC
Listed By:
Chonggil Moon · License #10401256647
(347) 536-9141
Source:
Serhant
Added: Jul 17
Changed: Sep 13
Last Checked: Sep 18 at 11:50AM
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 Promise Realty LLC
Investment Insights
Based on property information with market context.
This five-story mixed-use building includes six residential units and a two-story restaurant space on the first and second floors. The property was completely renovated in 2025.
The building is located south of Central Park in Manhattan.
The building is located south of Central Park in Manhattan.
Key Highlights
- Year built 1915 five‑story mixed‑use building
- Includes 6 residential units
- 2‑story restaurant space on the 1st and 2nd floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,010,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,218,800
$20.2M
Cap Rate 7%
$14,442,000
$14.4M
Cap Rate 9%
$11,232,667
$11.2M
Market Conditions
NOI Build-Up for 5,802 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.53M $264.00/SF
− Vacancy
−$183.8K −$31.68/SF
EGI
$1.35M $232.32/SF
− OpEx
−$337.0K −$58.08/SF
NOI
$1.01M $174.24/SF
Area
New York, NY
Vacancy
12.00%
Lease Rate
$264.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,218,800
Cap Rate 7%
$14,442,000
Cap Rate 9%
$11,232,667
Alternative Uses
Best Use
Specialty Retail
$14.44M
$12.64M – $16.85M
NOI $1,010,940 @ 7.0% cap · market cap 9.19%
Second Best
Mixed Use
$2.64M
$2.31M – $3.08M
NOI $184,939 @ 7.0% cap · market cap 1.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
63,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-story mixed-use building offers six residential units and a two-story restaurant space, fully renovated in 2025.
Where is this mixed-use property located?
The property is located at 43 W 54th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Year built 1915 five‑story mixed‑use building; Includes 6 residential units; 2‑story restaurant space on the 1st and 2nd floors
