Mixed-Use Townhouse with
New
For Sale
$26,000,000
23 E 67th Street, New York, NY 10065
Commercial Sale, New York, NY
Property Size10,944 SF
Lot Size0.05 Acres
Price / SF$2,375
Days on Market2
Property Features for 23 E 67th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Subdivision
Upper East Side
High school district
000000
Standard status
Active
Size
10,944 SF
Lot size
0.05 Acres
Amenities
private rear patio
2nd floor terrace
terrace
separate street entrance for the upper floors
elevator
art lift
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 1:06PM
MLS# 12036825
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use townhouse at 23 E 67th Street combines retail, office/gallery space, and a duplex penthouse. Street-level retail measures approximately 1,740 square feet, with a finished lower level of approximately 1,780 square feet and a private rear patio. Floors 2 through 5 provide approximately 1,577 square feet each for office or gallery use. The duplex penthouse spans the 6th floor and mezzanine, with approximately 1,750 square feet and a terrace; it can serve residential or commercial use. A second-floor terrace, separate entrance for the upper floors, elevator, and art lift are also present. The property was built in 1910 and underwent a gut renovation in 2008–2009.
The building sits on East 67th Street between Fifth and Madison Avenues, one block from Central Park. It is fully leased, has C5-1 zoning, and occupies a 20-by-100.42-foot lot. Approximately 9,136 square feet of unused FAR remains.
The building sits on East 67th Street between Fifth and Madison Avenues, one block from Central Park. It is fully leased, has C5-1 zoning, and occupies a 20-by-100.42-foot lot. Approximately 9,136 square feet of unused FAR remains.
Key Highlights
- Street‑level retail of approximately 1,740 SF, plus a finished lower level of approximately 1,780 SF
- Floors 2–5 each provide approximately 1,577 SF of office/gallery space
- Duplex penthouse on the 6th floor and mezzanine offers approximately 1,750 SF and residential and/or commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,540,089
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,801,780
$30.8M
Cap Rate 7%
$22,001,271
$22.0M
Cap Rate 9%
$17,112,100
$17.1M
Market Conditions
NOI Build-Up for 10,944 SF
Gross rent
$2.58M $235.68/SF
− Vacancy
−$379.2K −$34.64/SF
EGI
$2.20M $201.04/SF
− OpEx
−$660.0K −$60.31/SF
NOI
$1.54M $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,801,780
Cap Rate 7%
$22,001,271
Cap Rate 9%
$17,112,100
Alternative Uses
Best Use
Retail
$22.00M
$19.25M – $25.67M
NOI $1,540,089 @ 7.0% cap · market cap 5.92%
Second Best
Mixed Use
$4.98M
$4.36M – $5.81M
NOI $348,840 @ 7.0% cap · market cap 1.34%
Theoretical Best
Specialty Retail
$27.24M
$23.84M – $31.78M
NOI $1,906,883 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
26,446
Businesses Nearby
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Business Placement
Demographics for 10065, NY
32,891
Population
22,734
Households
1.4
Avg Household Size
40
Median Age
86%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
82,228
Density / Sq Mi
$160,938
Median Household Income
$121,212
Median Earnings
$2,828
Median Rent
$1,368,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate street entrance, elevator, and art lift serve upper-level offices and a penthouse with residential or commercial use.
Where is this mixed-use property located?
The property is located at 23 E 67th Street New York, NY.
What is the asking price?
The asking price for this property is $26,000,000.
What are key features of this property?
This property features: Street‑level retail of approximately 1,740 SF, plus a finished lower level of approximately 1,780 SF; Floors 2–5 each provide approximately 1,577 SF of office/gallery space; Duplex penthouse on the 6th floor and mezzanine offers approximately 1,750 SF and residential and/or commercial use
