Description

Investor-Focused - Immediate Income - Tenant in Place Through February 2027

Currently generating $3,250/month in rent, this turnkey investment offers an estimated cap rate of approximately 3.45% with a secure lease in place through February 2027-delivering immediate, predictable income from day one.

Perfectly positioned at one of Downtown Manhattan's most recognizable corners, this residence at the landmark Cocoa Exchange presents a compelling opportunity for investors seeking stability, low near-term capital requirements, and long-term upside. The building's iconic architecture-featured in films including John Wick -adds to its enduring appeal within the Financial District.

Unlike many units facing the street, this apartment benefits from partial river views and soft morning light, enhancing tenant desirability. The efficient layout clearly separates living and sleeping areas, maximizing both functionality and rental appeal.

Over $30,000 in recent upgrades further strengthen the investment profile by minimizing near-term expenses. Enhancements include updated plumbing and electrical, a renovated bathroom sink, and a thoughtfully designed kitchen featuring stainless steel appliances, granite countertops, glass and walnut cabinetry, and Italian porcelain tile flooring. The bathroom is finished with a custom walnut vanity, freestanding porcelain basin, and Gioia marble walls.

Residents enjoy full-service amenities including a 24-hour doorman, on-site maintenance, and access to a sky terrace and roof lounge-features that support strong tenant retention and consistent demand.

Located in the heart of the Seaport District, the property offers immediate access to Whole Foods Market, Life Time Fitness, and Equinox, along with premier dining and retail including Tiffany & Co., Printemps, Manhatta, Delmonico's, and Cipriani. Transportation is seamless, with close proximity to Fulton Street and World Trade Center transit hubs, as well as the Seaport Ferry Terminal.

A rare opportunity to acquire a stabilized, income-producing asset in a premier Downtown location-ideal for investors seeking immediate yield with long-term potential.