225 58Th StNew York, NY 10022

This exceptional Class A, 5-story apartment building at 225 East 58th Street presents a compelling investment opportunity. Boasting 10,925 square feet on a 2,511 square foot lot, this meticulously maintained property offers 11 units – 10 free-market residential apartments and one ground-floor retail space – all currently 100% occupied. Constructed in 2001, the building features a full basement, shared roof deck, on-site laundry facilities, and bike storage. The building benefits from tenant-controlled HVAC split units. Its prime Midtown Manhattan location within the Decorative Arts District offers unparalleled convenience, situated adjacent to Bloomingdale's flagship store and Bloomberg Tower, with easy access to numerous amenities and public transportation. The property is zoned R8B and is offered at $11,800,000, representing a price per square foot of $1,080.09 and a price per unit of $1,072,727.27. This turn-key asset requires virtually no capital expenditure or renovation, making it an ideal investment for a 1031 exchange. The building's strong in-place income stream and premium location make it a truly unique opportunity in the heart of New York City. The property's APN is MN: 1332 / 14.