Listing Courtesy of Corcoran Group
$1,150,000
Potential Rebate: $17,250
Prime Investment Opportunity in the Heart of Midtown Manhattan with 1-12 Month Lease Capability<br> <br> Cassa Residences are built for the modern investor seeking turnkey rental income, elevated design, and exceptional short-term yield. As one of the few buildings in the city that legally permits flexible 1-12 month leases, this property captures corporate demand, executive stays, international tenants, and pied-à-terre users-an income profile nearly impossible to replicate elsewhere in New York City.<br> <br> This converted two-bedroom residence at Cassa Residences offers a modern, efficient layout with high-end finishes throughout. Sleek architectural lines, and large windows create a bright, contemporary atmosphere. The kitchen is equipped with Wolf, Miele, and Liebherr appliances, complemented by custom cabinetry and a streamlined design ideal for both short- and long-term use. The spa-style bathroom features glacier glass walls and a deep soaking tub. With in-unit laundry, generous storage, and the option to configure the space as either a spacious one-bedroom or a functional two-bedroom, the unit is designed to accommodate a wide range of living needs with comfort and style. Similar residences have been rented in the range of approximately $5,000-$12,000 per month depending on season, configuration, length of lease and furnishing level.<br> <br> Amenities include full concierge services, a well-equipped fitness center, an outdoor terrace, and convenient room service. Residents also enjoy direct access to Butter Restaurant by chef Alex Guarnaschelli, providing a standout dining option right inside the building. These features create an elevated living experience that is rare in this Midtown location. Positioned between Fifth and Sixth Avenue, surrounded by some of the most consistent tenant activity in the city. For investors looking to participate in Midtown's short- and medium-term rental demand, this building is one of the select few that accommodates that level of flexibility. This residence combines location, building structure, and design in a way that aligns well with the type of occupants commonly drawn to the cities business and entertainment core. For buyers exploring a flexible-use condominium in a central Manhattan setting, this is it.<br> <br> Act quickly-these units are limited, in high demand, and cash-flow ready. Off-market configurations and larger residences are also available; please inquire for additional details<br>
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20063017

Midtown is the commercial heart of NYC. Skyscrapers, tourists, and business.
\nLuxury condos in the sky (Billionaire's Row) and corporate housing. Not a traditional "neighborhood."
\nDominanted by office workers and tourists. Convenient but lacks a local feel.
\nEvery train goes through Midtown. Grand Central is here.
\nBryant Park and Central Park (south border) are key.
\nBest for pied-à-terre buyers and busy executives.

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$6,477 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$17,250
Monthly savings impact
$48/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Compare average listing prices and value metrics for Cassa Hotel And Residences against the surrounding Midtown market.
than the Midtown price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Midtown.