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High-Floor One-Bedroom Income Property
For Sale
$999,000

635 W 42nd Street #24B New York, New York, NY 10036

Leased condominium with river and skyline outlooks, efficient interiors, and access to extensive full-service building amenities.

Property SizeContact for details
Days on Market132

Property Features for 635 W 42nd Street #24B New York

General Information

Standard status Active
Property subtype Apartment

Units

Unit Mix 1 x 1BR
Multifamily Units 1

Additional Details

Cap Rate 4%
Public Transit Yes

Amenities

in-unit washer/dryer
doorman
concierge
live-in superintendent
rooftop Sky Lounge
roof deck
private garden
BBQs
tennis court
basketball court
fitness center
resident lounge
media room
business center
children's playroom
complimentary breakfast
shuttle service
on-site garage
bike room
storage
solar array
Life Time Fitness access
Central Air
Central
Dryer
Washer/Dryer Stacked
Dishwasher
Gas Oven
Gas Range
Microwave
Refrigerator
Stainless Steel Appliance(s)
Washer
Deck

Building Details

Year Built 2005
Stories 46
Tenancy Single
Listing Agency: Keller Williams NYC
Listed By: Aaron Allen · License #10301219821
Source: Kw
Added: Apr 30 Changed: Sep 8 Last Checked: Sep 8 at 10:35AM

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 Keller Williams NYC

Investment Insights

Based on property information with market context.

This one-bedroom condominium occupies a high floor at The Atelier, with northwestern exposures toward the Hudson River and Midtown skyline. Oversized windows, 9-foot ceilings, white oak floors, generous closet space, and an in-unit Bosch washer/dryer define the interior. The kitchen includes quartz counters, custom cabinetry, Bosch cooking appliances, a dishwasher and microwave, plus a Sub-Zero refrigerator. A windowed marble bathroom completes the layout. A lease is in place through Fall 2026, and the property has a reported cap rate of approximately 4%.

The 46-story condominium was completed in 2005 and provides 24/7 doorman service, concierge coverage, and a live-in superintendent. Resident amenities include a rooftop lounge and deck, landscaped garden with BBQs, tennis and basketball courts, fitness center, lounge, media room, business center, and children’s playroom. The property also offers a garage, bike room, storage, shuttle service, and indoor access to Life Time Fitness.

The building is near Hudson River Park, The High Line, Hudson Yards, Hell’s Kitchen, and the Theatre District, with subway, ferry, bus, CitiBike, and Penn Station access nearby.

Key Highlights

  • One‑bedroom condominium with northwestern Hudson River and Midtown exposures
  • Approximate 4% cap rate with a lease extending through Fall 2026
  • Oversized windows, 9‑foot ceilings, white oak flooring, and abundant closet storage

Property Analytics

Current Use

The Atelier Condo NYC Condominium Complex River 2 River ... Property Management Company Nimzo Capital Financial Advisor Flux Digital Consulting ... Business Management Consultant MdT Group Tour Operator

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture

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

Lease Details

1
Residential units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,747
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Leased condominium with river and skyline outlooks, efficient interiors, and access to extensive full-service building amenities.
Where is this residential income property located?
The property is located at 635 W 42nd Street #24B New York New York, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: One‑bedroom condominium with northwestern Hudson River and Midtown exposures; Approximate 4% cap rate with a lease extending through Fall 2026; Oversized windows, 9‑foot ceilings, white oak flooring, and abundant closet storage
More about this property
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