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Vacant Apartment Building with Commercial Unit
For Sale
Contact for pricing
Pending

231 East 60th Street, New York, NY 10022

Vacant building with four residential units and one commercial unit, requiring gut renovation and offering conversion flexibility.

Property SizeContact for details
Days on Market124

Property Features for 231 East 60th Street

General Information

Standard status Pending
Property subtype Mixed Use

Additional Details

Multifamily Units 4
Listing Agency: Gaia Property Group
Listed By: Shay Zach · License #NY 30ZA1105558
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Aug 9 at 11:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gaia Property Group

Investment Insights

Based on property information with market context.

This vacant apartment building contains four residential units and one commercial unit. The property is in need of gut renovation, and it may be converted to a single-family home or an eight-family residence. Additional scope is also described as including extension and conversion opportunities.

The building is walkable to multiple transit stops, including Lexington Av/59th (N, R, W) and Lexington Ave/63rd (F, Q, R). It is also a short walk from Lexington Ave/53rd (E) and the 59th Street stop on the 6 train.

Overall, the configuration supports a range of redevelopment paths, depending on the conversion approach selected for the existing building.

Key Highlights

  • Vacant mixed‑use building with 4 residential units and 1 commercial unit
  • Conversion potential: can be converted to a single‑family or up to an eight‑family home
  • Property requires a gut renovation

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

38,819
Businesses Nearby

Demographics for 10022, NY

36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant building with four residential units and one commercial unit, requiring gut renovation and offering conversion flexibility.
Where is this apartment building located?
The property is located at 231 East 60th Street New York, NY.
What are key features of this property?
This property features: Vacant mixed‑use building with 4 residential units and 1 commercial unit; Conversion potential: can be converted to a single‑family or up to an eight‑family home; Property requires a gut renovation
More about this property
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