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Listing Courtesy of Corcoran Group
$1,100,000
Est. payment /mo
1 Bed
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Pending
Purchase Type For Sale
Subdivision Midtown
MLS Listing ID RLS20023179
Bedrooms 1
HOA Fees $782/mo
HOA Y/N Yes
Year Built 2009
Property Sub-Type Condo
Property Description
Prime Investment Opportunity in the Heart of Midtown Manhattan
Flexible Income-Producing Asset with 1-12 Month Lease Capability
Unlock a rare, income-generating asset in one of Manhattan's most desirable and high-demand locations. This impeccably designed converted two-bedroom residence at Cassa Residences is tailored for the modern investor seeking turnkey rental income and high short-term yield in a building that allows flexible 1-12 month leases-a rarity in New York City. Positioned just steps from Fifth Avenue, Bryant Park, Grand Central, and Rockefeller Center, this property offers institutional quality fundamentals with lifestyle driven appeal ideal for corporate stays, high-net-worth tenants, or pied-à-terre demand.
Investment Highlights
Current Rental Income Potential: Short-term lease rates average $5,000-$10,000/month
One of the few buildings in Midtown Manhattan offering 1-12 month rentals
Turnkey Condition: Delivered in excellent condition with high-end finishes, in-unit laundry, and fully appointed kitchen with fully furnished options available.
Investor-Friendly Building: Class B condominium with hotel-level amenities, ideal for premium rental clientele
High Demand Location: Between Fifth and Sixth Avenue-minutes from major transit, luxury retail, and global headquarters
Layout: Functional 2-bedroom configuration with modern interiors
Design Features:
Blonde hardwood floors
Zen-style spa bathroom with glacier glass walls & deep soaking tub
Chef's kitchen with Wolf, Miele & Liebherr appliances
Reconfiguration Upside: With multiple exposures and ample natural light, units feature flexible floorplans that can easily accommodate either a spacious one-bedroom or a functional two-bedroom layout, allowing investors to adapt units to maximize nightly or monthly rates
Amenities
Concierge, fitness center, outdoor terrace, room service, and access to Butter Restaurant by celebrity chef Alex Guarnaschelli
Location & Market Positioning
Midtown Manhattan is one of the most liquid real estate markets in the world, offering unmatched global demand and 365-day leasing potential. This asset sits within one of the city's highest-trafficked corporate, cultural, and tourism anchors. In today's market, investors seek yield and flexibility and this opportunity delivers both.
This is not just a luxury apartment-it's a high-performing financial asset in a building structured for maximum rental flexibility and long-term upside. Whether you're building a rental portfolio or diversifying a 1031 exchange, this opportunity is rare, vetted, and positioned for solid income and appreciation.
Act quickly-these units are limited, in high demand, and cash-flow ready.
Flexible Income-Producing Asset with 1-12 Month Lease Capability
Unlock a rare, income-generating asset in one of Manhattan's most desirable and high-demand locations. This impeccably designed converted two-bedroom residence at Cassa Residences is tailored for the modern investor seeking turnkey rental income and high short-term yield in a building that allows flexible 1-12 month leases-a rarity in New York City. Positioned just steps from Fifth Avenue, Bryant Park, Grand Central, and Rockefeller Center, this property offers institutional quality fundamentals with lifestyle driven appeal ideal for corporate stays, high-net-worth tenants, or pied-à-terre demand.
Investment Highlights
Current Rental Income Potential: Short-term lease rates average $5,000-$10,000/month
One of the few buildings in Midtown Manhattan offering 1-12 month rentals
Turnkey Condition: Delivered in excellent condition with high-end finishes, in-unit laundry, and fully appointed kitchen with fully furnished options available.
Investor-Friendly Building: Class B condominium with hotel-level amenities, ideal for premium rental clientele
High Demand Location: Between Fifth and Sixth Avenue-minutes from major transit, luxury retail, and global headquarters
Layout: Functional 2-bedroom configuration with modern interiors
Design Features:
Blonde hardwood floors
Zen-style spa bathroom with glacier glass walls & deep soaking tub
Chef's kitchen with Wolf, Miele & Liebherr appliances
Reconfiguration Upside: With multiple exposures and ample natural light, units feature flexible floorplans that can easily accommodate either a spacious one-bedroom or a functional two-bedroom layout, allowing investors to adapt units to maximize nightly or monthly rates
Amenities
Concierge, fitness center, outdoor terrace, room service, and access to Butter Restaurant by celebrity chef Alex Guarnaschelli
Location & Market Positioning
Midtown Manhattan is one of the most liquid real estate markets in the world, offering unmatched global demand and 365-day leasing potential. This asset sits within one of the city's highest-trafficked corporate, cultural, and tourism anchors. In today's market, investors seek yield and flexibility and this opportunity delivers both.
This is not just a luxury apartment-it's a high-performing financial asset in a building structured for maximum rental flexibility and long-term upside. Whether you're building a rental portfolio or diversifying a 1031 exchange, this opportunity is rare, vetted, and positioned for solid income and appreciation.
Act quickly-these units are limited, in high demand, and cash-flow ready.
Location
State NY
County New York
Building/Complex Name Cassa Hotel And Residences
Building Cassa Hotel And Residences
Rooms
Basement Other
Interior
Cooling Central Air
Fireplace No
Laundry Building Other, Washer Hookup, In Unit
Exterior
Exterior Feature Building Roof Deck, None, Private Outdoor Space Over 60 Sqft
View Y/N Yes
View City
Porch None
Private Pool No
Building
Dwelling Type High Rise
Story 48
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Condominium
Monthly Total Fees $782
Special Listing Condition Standard
Pets Allowed Building Yes, No
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