Listed by Alpha Realty NY
$5,400,000
41 E 41st St
Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Commercial
Net Rentable (SqFt) 5,000
Cap Rate 5.20%
NOI $282,811
Pro-Forma NOI $332,319
Price per SqFt $1,055
Class A
Year Built 1920
Buildings 3
Stories 5
Zoning C5-3
Retail | 5.20% CAP
Marketing description
5-Story Walk-up| 3 Apartments & 2 Commercial | 5,000 SF + 10,000 SF Air Rights
Investment highlights
- 5-story walk-up mixed-use building with a total of 3 apartments & 2 stores
- The apartments are large floor through units
- Renovated hallways and top floor apartments
- Tenants reimburse the landlord for utilities
- 10,793’ Ft of available Air Rights
- Located in prime Midtown Manhattan, within two blocks of Bryant Park and Grand Central Terminal and close to Berkeley College, with easy access to top dining, shopping, entertainment, and transportation options
Listing Contacts
Listed by Alpha Realty NY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$282,811.00
$23,567.58/mo
Valuation Metrics
0
DSCR
5.24%
Cap Rate
5.24%
ROI
Map
Zoning
C5-3 CommercialCore CommercialRestricted Central Commercial
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View all 265 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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