Property summary
This exceptional offering presents two full floors (28 & 29) within the prestigious W Downtown Hotel & Residences at 123 Washington Street in New York City's Financial District. Comprising 16 luxury condominium apartments, this stabilized investment opportunity boasts 9,658 square feet of prime real estate, priced at $15,000,000 ($1,553.12/sq ft and $937,500/unit). Built in 2014, the building features a Class A designation and offers a range of amenities including a 24/7 doorman, concierge services, state-of-the-art fitness center, residents' lounge, media screening room, cafe, and a stunning rooftop terrace with breathtaking city views. Residents enjoy convenient access to major subway lines, nearby green spaces, upscale shopping at Eataly and Whole Foods, and vibrant cultural attractions. Each apartment features high-end finishes, including Italian lacquer cabinetry, Corian countertops, Miele and Sub-Zero appliances, and luxurious bathrooms. The building also offers on-site parking. This property presents a unique opportunity for investors seeking a high-return, income-producing asset in a prime Manhattan location. The potential exists to add an additional floor, increasing the unit count to 24, making it ideal for 1031 exchange candidates or those seeking to expand their multi-family portfolio. Units can be sold individually or as a package. This is a condo master plan ownership.
Property profile
VerifiedCap rate & NOI
Current use
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Property Management Company
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Condominium Complex
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Interior Design Home Decor Store
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Restaurant
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Property Management Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C6-9 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning