302 E 45th St #1, New York, NY, 10017
About This Home
302 East 45th Street presents a rare opportunity to acquire a high-yield, mixed-use asset in the heart of Turtle Bay, ideally positioned between 1st and 2nd Avenue. This 20’ x 100’ building spans approximately 6,680 SF and features 10 total units, including a full-floor retail/commercial space with an additional 1,000 SF cellar and 9 hotel rooms above. Offered at $7,400,000, the property delivers immediate in-place cash flow with a 7.0% cap rate and current NOI of $518,625, with upside to a 7.2% pro forma cap rate. The rent roll includes stable income from a ground-floor commercial tenant and a hotel operator leasing the 9 guest rooms, with both leases featuring 3% annual increases. Tenants handle interior repairs and maintenance, helping support an efficient expense structure. With strong income, built-in escalations, and a prime Midtown East location near major business, diplomatic, and hospitality corridors, this is an exceptional investment opportunity for buyers seeking durable returns and long-term value in Manhattan.
Getting Around
Walker's Paradise
Rider's Paradise
Very BikeableSchools
Construction
Condition
- Year built: 1910
Type & Style
- Home type: SingleFamily
- Property subType: Building
Interior
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 9
- Full bathrooms: 9
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 6,680
- Total interior livable area: 6,680 sqft
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Cold Wave
- Earthquake
- Hurricane
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $37,418 | $449,016 |
| Home Insurance * | $12,656 | $151,872 |
| Property Taxes | $4,378 | $52,536 |
| Electricity | $1,103 | $13,247 |
| Total | $55,555 | $666,660 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-04 | Listed for sale | $7,400,000 |
| 2024-10-11 | Listing removed | $2,500 |
| 2024-10-09 | Listed for rent | $2,500 |
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