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Vacant 12-Unit Apartment Building
For Sale
Contact for pricing
Pending

248 E 62nd St, New York, NY 10065

Townhouse asset with communal areas, an outdoor courtyard, and vacant delivery for flexible residential planning.

Property Size7,843 SF
Days on Market143

Property Features for 248 E 62nd St

General Information

Standard status Pending
Size 7,843 SF
Property subtype Multifamily, Mixed Use

Additional Details

Multifamily Units 12

Building Details

Construction townhouse
Listing Agency: BKREA
Listed By: Bob Knakal · License #NY 10301211305
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 11:29PM

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 BKREA

Investment Insights

Based on property information with market context.

The property is a 7,843-square-foot townhouse comprising 12 residential units, two substantial communal areas, and a large outdoor courtyard. It is currently owner occupied and will be delivered fully vacant, allowing the next owner to evaluate reconfiguration or continued multifamily use.

Located at 248 E 62nd St on the South Side of East 62nd Street between Second and Third Avenue, the building is in Lenox Hill within Manhattan’s Upper East Side. Approximately 22,685 BSF of excess development rights are available for purchase separately, providing additional redevelopment and expansion capacity subject to applicable approvals and transaction terms.

Key Highlights

  • 7,843‑square‑foot townhouse with 12 residential units
  • Delivered fully vacant following current owner occupancy
  • Two large communal spaces and a large outdoor courtyard

Property Analytics

Current Use

North Stars Moving Moving Company Mission Helpers of the Sacred Church

Suggested Use

Top Pick Nursing Home Butcher Daycare Center Adult Day Care Pet Grooming Service (Bike/Boat/Book/etc) Store

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

16,404
Businesses Nearby

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

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 - Townhouse asset with communal areas, an outdoor courtyard, and vacant delivery for flexible residential planning.
Where is this apartment building located?
The property is located at 248 E 62nd St New York, NY.
What are key features of this property?
This property features: 7,843‑square‑foot townhouse with 12 residential units; Delivered fully vacant following current owner occupancy; Two large communal spaces and a large outdoor courtyard
(917) 509-9501 Call to check price and availability
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