Rare Midtown Manhattan Investment | 1–12 Month Lease Flexibility
Located in the prestigious Cassa Residences, this beautifully designed convertible 2-bedroom residence presents a rare opportunity for investors and end-users alike. As one of the few buildings in NYC legally zoned for short- and medium-term leases (1–12 months), this unit is uniquely positioned to capture consistent rental income from corporate clients, international travelers, and pied-à-terre tenants.
The residence features high-end finishes throughout, including a sleek open kitchen with Wolf, Miele, and Liebherr appliances, custom cabinetry, and a spa-style bathroom with glacier glass walls and soaking tub. Oversized windows and clean architectural lines create a bright, modern atmosphere, while in-unit laundry and ample storage add convenience. The flexible layout can function as a spacious one-bedroom or a fully equipped two-bedroom.
Rental potential ranges from $5,000 to $12,000/month, depending on seasonality, lease duration, and furnishings—making this an ideal high-yield asset.
Residents enjoy premium amenities including a 24-hour concierge, fitness center, outdoor terrace, and direct access to Butter Restaurant by Chef Alex Guarnaschelli. All of this, in a prime Midtown location between Fifth and Sixth Avenue—steps from Bryant Park, major office hubs, and public transit.
Whether you’re seeking an income-producing investment, a corporate housing solution, or a flexible-use pied-à-terre, this turnkey property delivers exceptional value and versatility.
Inquire for private showings, financials, or access to off-market units in the building, seller financing available, don’t miss this amazing opportunity!
244 days
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263
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13
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Zillow last checked:
Listing updated:
Listed by:
Corcoran917-549-2428,
Sebastian Lopera
Source: StreetEasy,MLS#: S1802962
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Cooling
Central Air
Appliances
Included: Dishwasher, Washer/Dryer
Features
Flooring: Hardwood
Has fireplace: No
Property
Features
Has view: Yes
View description: City, Skyline
Details
Special conditions: Resale
Construction
Type & style
Home type: Condo
Property subtype: Condominium
Condition
Year built: 2009
Community & HOA
Community
Features: Doorman
Security: Doorman
Subdivision: Midtown
HOA
Has HOA: Yes
Amenities included: Fitness Center, Elevator(s), Concierge
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.