Mixed-Use Townhouse in Lenox
For Sale
$5,895,000
367 East 62nd Street, New York, NY 10065
Flexible mixed-use townhouse with income potential in prime location.
Property Size2,432 SF
Price / SF$2,423
Days on Market119
Property Features for 367 East 62nd Street
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Mixed
Building Details
Year Built
1901
Listing Agency:
Chelsea/Flatiron
(917) 517-6410
Listed By:
Lior Politi · License #40PO1006890
(917) 517-6410
Source:
Corcoran
Added: Apr 8
Changed: Jul 10
Last Checked: Aug 3 at 8:16AM
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 Chelsea/Flatiron
Investment Insights
Based on property information with market context.
This mixed-use townhouse is located on the Upper East Side in Lenox Hill. Configured as two residential apartments plus a commercial/garage space, the property offers opportunities for investors, owner-users, and end users. The property provides in-place income, flexibility, and long-term upside in an established Manhattan neighborhood. The residential portion includes an upper duplex residence and a separate second-floor apartment, each with its own entrance. The ground floor commercial component offers legal commercial use and legal garage/parking functionality. The property is approximately 3,945 square feet with approximately 7,008 buildable square feet of unused development rights. It is located near shopping, dining, parks, and transportation. Positioned near restaurants, retail, and subway lines, this townhouse offers utility and upside.
Key Highlights
- Flexible mixed‑use property with two residential apartments and a commercial/garage space.
- Prime Upper East Side location in Lenox Hill, close to amenities and transportation.
- Significant development potential with approximately 7,008 buildable SF.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $573.2k | $235.68 |
| − Vacancy | −$84.3k | −$34.64 |
| EGI | $488.9k | $201.04 |
| − OpEx | −$146.7k | −$60.31 |
| NOI | $342.2k | $140.72 |
2,432 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.89M
$4.28M – $5.70M
NOI $342,242 @ 7.0% cap · market cap 5.81%
Second Best
Mixed Use
$1.11M
$969.0K – $1.29M
NOI $77,520 @ 7.0% cap · market cap 1.32%
Theoretical Best
Specialty Retail
$6.05M
$5.30M – $7.06M
NOI $423,752 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31,376
Businesses Nearby
Explore this area
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
Market
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible mixed-use townhouse with income potential in prime location.
Where is this mixed-use property located?
The property is located at 367 East 62nd Street New York, NY.
What is the asking price?
The asking price for this property is $5,895,000.
What are key features of this property?
This property features: Flexible mixed‑use property with two residential apartments and a commercial/garage space.; Prime Upper East Side location in Lenox Hill, close to amenities and transportation.; Significant development potential with approximately 7,008 buildable SF.
