Updated 9 months ago
Sold
2 Rooms1 Bed1 Bath576 Square FeetCondo
$1,150,000
Common Charges$782
RE Taxes$887
Price Per SF
$1,997
Listing Features
- Corner Apartment
- Recessed Lighting
- Oversized Windows
- Picture Windows
- Gourmet Kitchen
- Soaking Tub
Outdoor space and views
- City Views
- North Exposure
- West Exposure
Building Amenities
- Full Service
- Business Center
- Elevator
- Garden
- Hotel Service
- Housekeeping
- Outdoor Parking
- Roof Deck
- Valet Service
- WiFi
Policies
- Pets Allowed
- Pieds A Terre Ok
Property Description for 70 West 45th Street, 31-A
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.
Listing History for 70 West 45th Street, 31-A
Now
11/29/2025
$1,150,000
Sold and Closed by Sebastian Lopera
Corcoran
08/07/2025
Contract Signed by Sebastian Lopera
Corcoran
Building Details for 70 West 45th Street
OwnershipCondo
Building TypeHigh-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built2009
Financing Allowed90%
Floors/Apts48/55
Transit and Citi Bike
Subway
5 Av
0.16 miles
47-50 Sts-Rockefeller Ctr
0.17 miles
42 St-Bryant Pk
0.2 miles
Times Sq-42 St
0.24 miles
Grand Central-42 St
0.27 miles
Railroad
Grand CentralMetro-North Railroad
0.32 miles
Grand CentralLong Island Rail Road
0.33 miles
Citi Bike
6 Ave & W 45 St
0.08 miles
W 43 St & 6 Ave
0.1 miles
Midtown West | Manhattan
Quick Profile
People, yellow cabs, bright lights, big crowds, 24-hour eateries and just about every type of store imaginable. it’s a frenetic buzz that only a few places on the globe can offer. And that’s just one part of it. Midtown West is the birthplace of hustle and bustle and it’s bordered by 42nd to the south, 59th Street to the north, 8th Avenue to the west, and 5th Avenue to the east.
Midtown West is not as residential as other neighborhoods in Manhattan. The bustling part of Midtown West is 42nd Street between Times Square and 8th Avenues where the retail and office space, theatres, and attractions are. No matter what time of day it is, you'll always find activity there.
Residential buildings lay near the western end of Midtown West beginning around 8th Avenue.
Location, location, location. Of all the neighborhoods and enclaves of Manhattan, Midtown West is perhaps the most commutable place to live, visit, or work. It contains one of the highest concentrations of subway lines in the Big Apple. A, C, E, N, Q, R, 1, 2, 3, and the 7 train. The transit system feeds the streets with commuters from everywhere. The Port Authority Bus Terminal and nearby Penn Station adds to the number of people that flood Midtown on any given day.
It’s one of the easiest places in all of Manhattan to navigate because it’s a true grid. Uptown, street numbers go up. Downtown, street numbers go down. It’s the same concept from east to west. You really can’t get lost in Midtown West.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 731095
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