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 Market97
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 28
Last Checked: Oct 19 at 2:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$1,010,940
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
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
