luxury furnished properties for sale New York County, United States

Prime Multi-Family Asset Seldom does an opportunity materialize to acquire a core multi-family asset on Franklin Street, a coveted block in Manhattan's premier enclave: Tribeca. Virtually non-existent in the current market, this property represents the epitome of safe-haven real estate. It's a product type that remains in demand by global investors, private wealth offices, and institutional funds. Comprising four expansive, full-floor, loft-style 3-bedroom residences, plus a first floor duplex with its own outdoor space, this 100% leased building combines historical Tribeca pedigree with contemporary features. On a prime Tribeca block, this asset sits at the intersection of global wealth and cultural influence. Record-Breaking Fundamentals: Q1 and Q2 2026 have recorded the highest median Manhattan rent in history. The market is currently experiencing a significant supply-demand imbalance, favoring owners of high-end inventory. 3-Bedroom Alpha: While the broader market is climbing, the 3-bedroom sector has outperformed, accelerating 24% year-over-year, significantly outpacing gains for smaller units. Immediate Yield Expansion: Three of the five active leases are scheduled to reset across consecutive months this summer. This provides a near-term path to capturing significant additional income and a substantially more attractive cap rate. Seamless Transition: Current ownership has established a reporting structure and process that will ensure a frictionless handoff for the incoming investor. The Asset: Sophistication Meets Scale The building has undergone a comprehensive capital improvement program, de-risking the investment for the next cycle. Mechanical Excellence: High-efficiency hot water heaters and significant elevator infrastructure upgrades. Aesthetic Refresh: A newly renovated lobby and entryway provide a high-profile arrival experience consistent with the neighborhood's luxury standards. Lifestyle Amenities: A gorgeous furnished roof deck offers residents expansive outdoor space, a critical driver for premium rents in the current market. The Residences: Units 2, 3, 4, and PH are full-floor layouts. Each features a 3-bedroom gourmet kitchen and open plan concept designed specifically for the tenant profile that Tribeca attracts. Market Context: Investing Now With exceedingly tight rental inventory and an arduous process to bring new development concepts to market, existing core assets like this have become the primary target for well-capitalized investors. Financials and Setup: Occupancy: 100% Unit Mix: Four (4) Full Floor 3-BR/3Bath Units, plus One (1) First Floor Duplex with private outdoor space Lease Reset: Summer 2026 (3 units in consecutive months) Neighborhood: Tribeca (Franklin Street)

Welcome to Residence 418 at 450 Washington, a thoughtfully designed two-bedroom home with proper living and dining room overlooking Tribeca's charming Washington Street, where historic architecture, cobblestone streets, and leafy treetops create a classic downtown backdrop. Inside this perfectly furnished home, meticulously finished interiors feature seven-inch-wide white oak plank flooring and oversized bronze-finished windows with Caesarstone window ledges that enhance the sense of light and space. The open-concept kitchen is appointed with Miele appliances, warm natural quartzite countertops, matte white lacquer cabinetry, architectural cove lighting, and sleek Dornbracht fixtures. Bathrooms are elegantly finished with honey-toned European white oak cabinetry, Calacatta Lincoln marble countertops , and glass-enclosed showers with Dornbracht fittings. Residents of 450 Washington enjoy a curated collection of amenities designed for both relaxation and entertainment. Highlights include a 12th-floor rooftop terrace with sweeping Hudson River sunset views, a golf simulator, residents' lounge with fireplace, private dining room, business center, fitness center, and a children's imagination center. The building also offers Related Life, an exclusive lifestyle program providing curated events, community programming, and preferred access to experiences across art, fashion, dining, wellness, and culture. Situated along Tribeca's picturesque waterfront beside Hudson River Park, 450 Washington occupies a full city block developed by Related. The building blends refined contemporary design with Tribeca's historic character, with architecture by Roger Ferris + Partners . Residents enter through a gated passage from the neighborhood's iconic cobblestone streets into an expansive 8,000-square-foot landscaped courtyard, a serene green retreat designed by the acclaimed landscape architects at Hollander Design .