Rare Usage Component: 302 East 45th’s rare permitting allows for short term rentals, creating a rare usage for New York City that benefits from high demand from it’s proximity to the UN.
Lease-Up Potential: The second unit in 302 East 45th will be delivered vacant, offering 2,000 SF of lease-up potential.
Prime Location: Located less than a block from the Untied Nations, the portfolio benefits from strong retail traffic and demand, as well as international demand for extended stay units. Furthermore, the property is located half a mile from Grand Central, offering seamless access across the greater New York City Metropolitan Area.