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    41 62Nd St New York, NY 10065

    For Sale
    Contact for pricing

    16,000 SF Office/Residential

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional five-story, 16,000 square foot townhouse at 41 East 62nd Street presents a unique investment opportunity in New York City's coveted Upper East Side. Boasting 35 feet of frontage on a 3,515 square foot lot, the property offers flexible zoning (R8B) allowing for diverse uses. The lower floors currently feature commercial office space, while the top two floors are residential. A rear, 35' x 30' glass-enclosed space, previously used as a community facility, adds versatility. The building includes a commercial elevator servicing all five floors and an open staircase. High ceilings and abundant windows throughout provide significant light and air. The basement contains built-out office space. The location is unparalleled, situated between Park and Madison Avenues, with easy access to Central Park, restaurants, and retail. The property's substantial frontage, flexible zoning, and unique features, including the glass-enclosed rear yard and elevator, make it an ideal owner-user opportunity or a compelling investment prospect. The building's depth is 70 feet, and it can accommodate up to 5,900 square feet of commercial space, with the remainder suitable for residential or community facility use. This is a rare chance to acquire a landmark property in one of Manhattan's most desirable neighborhoods.

    Property Features for 41 62Nd St

    General Information

    Property type
    Office space
    Square Feet
    16,000 SF

    Building Details

    Buildings
    1
    Stories
    5

    HighLights

    • 35‑foot frontage on East 62nd Street.
    • Flexible zoning allows for residential, community facility, or up to 5,900 square feet of commercial use.
    • Features a 35' x 30' glass enclosed rear yard, elevator, and finished basement office space.
    • Abundant natural light and high ceilings throughout.
    • Prime Upper East Side location, near Park and Madison Avenues, Central Park, and numerous amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.969204
    Latitude
    40.765358

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    FAQs

    What type of property is this?
    Office space - 16,000 SF Office/Residential
    Where is this office space located?
    The property is located at 41 62Nd St New York, NY.
    What are key features of this property?
    This property features: 35-foot frontage on East 62nd Street.; Flexible zoning allows for residential, community facility, or up to 5,900 square feet of commercial use.; Features a 35' x 30' glass enclosed rear yard, elevator, and finished basement office space.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41 62Nd St New York, NY 10065
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