#RLS20030575, 355 West Sales Office, Listing office: Corcoran Group

70 W 45th St Unit 31A New York City, NY 10036
Property details
About 70 W 45th St Unit 31A
Prime Investment Opportunity in the Heart of Midtown Manhattan<br> <br> Flexible Income-Producing Asset with 1-12 Month Lease Capability<br> <br> 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.<br> <br> Investment Highlights<br> <br> Current Rental Income Potential: Short-term lease rates average $5,000-$10,000/month <br> One of the few buildings in Midtown Manhattan offering 1-12 month rentals<br> <br> Turnkey Condition: Delivered in excellent condition with high-end finishes, in-unit laundry, and fully appointed kitchen with fully furnished options available.<br> <br> Investor-Friendly Building: Class B condominium with hotel-level amenities, ideal for premium rental clientele<br> High Demand Location: Between Fifth and Sixth Avenue-minutes from major transit, luxury retail, and global headquarters<br> <br> Layout: Functional 2-bedroom configuration with modern interiors<br> <br> Design Features:<br> <br> Blonde hardwood floors<br> Zen-style spa bathroom with glacier glass walls & deep soaking tub<br> Chef's kitchen with Wolf, Miele & Liebherr appliances<br> <br> 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<br> <br> Amenities<br> Concierge, fitness center, outdoor terrace, room service, and access to Butter Restaurant by celebrity chef Alex Guarnaschelli<br> <br> <br> Location & Market Positioning<br> <br> 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.<br> <br> 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.<br> <br> Act quickly-these units are limited, in high demand, and cash-flow ready.
Highlights
Summary
- Full Bathrooms: 1
- Basement: No
- Total Bedroom Count: 1
- View: City
- Exterior: Building Roof Deck, None, Private Outdoor Space Over 60 Sqft
- Cooling: Central Air
- List Price: $1,100,000
- HOA Amount: $782 Monthly
- Year Built: 2009
- MLS Number: RLS20023179
- MLS Name: RLS
- Office Name: Corcoran Group
- Office Phone: (212) 355-3550
- Listing Agent: Sebastian Lopera
- Agent Phone: (917) 549-2428
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Last updated on: 7/1/2025, 12:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
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Nearby schools
7
PS 212 Midtown West
Public District PK-5
0.5 mi
•328 W 48th St
10
Success Academy Charter School-Hell's Kitchen
Public Charter KG-4
0.7 mi
•439 W 49th St Fl ST-2nd
9
Success Academy Charter School-Hudson Yards
Public Charter KG-4
0.8 mi
•500 W 41st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,250. Typical income of New York City, NY residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
About 70 W 45th St Unit 31A
The listing price of 70 W 45th St Unit 31A property is $1,100,000.
The property 70 W 45th St Unit 31A is a condo located in New York City, New York, 10036.
Active Listing: 70 W 45th St Unit 31A is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 70 W 45th St Unit 31A are: PS 212 Midtown West (GreatSchools Rating 7/10), Success Academy Charter School-Hell's Kitchen (GreatSchools Rating 10/10), Success Academy Charter School-Hudson Yards (GreatSchools Rating 9/10), City Knoll Middle School (GreatSchools Rating 2/10), The Riverside School for Makers and Artists (GreatSchools Rating 2/10), The 47 American Sign Language and English Lower School (GreatSchools Rating 4/10), Jacqueline Kennedy-Onassis High School (GreatSchools Rating 3/10), Repertory Company High School for Theatre Arts (GreatSchools Rating 6/10), Professional Performing Arts High School (GreatSchools Rating 8/10).
The property at 70 W 45th St Unit 31A has 1 bedroom and 1 bathroom.
The sq. ft. of 70 W 45th St Unit 31A is not available (source: MLS/tax record).
The year of construction for 70 W 45th St Unit 31A is 2009.
This home is located at 70 W 45th St Unit 31A in New York City, NY and zip code 10036 in the Midtown East neighborhood. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 12, 2025 and is currently priced at $1,100,000.
Over 207 listings were sold over their listed price in May 2025 in New York City, NY. In the same period over 737 listings were sold below the listed price and 936 listings were sold for the listed price. Between April and May 2025, New York City, NY real estate market has seen increase in the number of listings by 0.3%. In May 2025 median list price was $875,081 and the average listing age was 121 days.