$1,100,000

Cassa Residences 70 W 45th St Unit 31A New York, NY 10036

Midtown Neighborhood

Estimated payment $7,986/month

Total Views 1,657
1 Bed
1 Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Concierge
  • 3-minute walk to 42 Street-Bryant Park
  • City View
  • Clinton School Rated A
  • Rooftop Deck
  • 2-minute walk to MMC Plaza

About This Home

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.

Listing Agent

Sebastian Lopera

Corcoran Group License #10401208921 Listed on: 05/12/2025

Corcoran Group

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2009

HOA Fees

  • $782 Monthly HOA Fees

Parking

  • Garage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7502 / 01260

Community Details

Overview

  • 57 Units
  • High-Rise Condominium
  • Cassa Hotel And Residences Condos
  • Midtown Subdivision
  • 48-Story Property

Amenities

  • Concierge
  • Rooftop Deck

Property Details

Home Type

Condominium

Year Built

Built in 2009

Lot Details

0

HOA Fees

$782 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown
  • Entry Level: 31
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 48

Interior Features

  • Fireplace: No
  • Living Area Units: Square Feet
  • Rooms (Total): 2
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck, None, Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Concierge, Elevator(s)
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 782.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: Cassa Hotel And Residences
  • Units: 57
  • Total Stories: 48
  • Year Built: 2009

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01260
  • Tax Lot: 7502

Map

About Cassa Residences

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $1,100,000 0.0% --
06/30/2020 06/30/20 Rented -- -- --
05/31/2020 05/31/20 Under Contract -- -- --
03/26/2011 03/26/11 For Rent $3,344 -- --
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20023179

Real Estate Board of New York (REBNY)

New York New York County New York 10036 Midtown

70 W 45th St Unit 31A, New York, NY

This home is located at 70 W 45th St Unit 31A, New York, NY 10036 and is currently priced at $1,100,000. This property was built in 2009. 70 W 45th St Unit 31A is a home located in New York County with nearby schools including P.S. 51 Elias Howe, Clinton School, and Middle School 297.

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Sebastian Lopera
Listing Agent
Sebastian Lopera
Section Image
Corcoran Group
(917) 549-2428