70 W 45TH Street Unit 31A, New York, NY 10036

$1,100,000

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… Read More 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. Read Less

Listing Courtesy of: Sebastian Lopera, Corcoran Group, 212-355-3550.

Listing Snapshot

Days Online

Last Updated

Jun 30, 2025

Property Type

Apartment

Beds

Full Baths

Year Built

2009

MLS Number

RLS20023179

30 Days Snapshot Of 10036

$968k

-16%

(avg) sold price

-28%

homes sold

228

+9%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Entry Level: 31, Features: Concierge, Elevators, Living Area Units: SquareFeet, Name: Cassa Hotel And Residences, Rooms Total: 2, Structure Type: HighRise

Exterior Features

Patio And Porch Features: None

Property

Property Sub Type: Apartment, View YN: t, View: City

Taxes

Tax Block: 01260, Tax Lot: 7502

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70 W 45TH Street Unit 31A

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