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    35 62Nd St New York, NY 10065

    Sponsored
    For Sale
    Contact for pricing

    25,000 SF, Vacant, Prime Location

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25,000 square foot, five-story townhouse at 35 East 62nd Street presents a unique investment opportunity in Manhattan's prestigious Upper East Side. Built in 1905, this property boasts 40 feet of frontage on a 4,017 square foot lot, offering significant presence and visibility. The building features a full basement, mezzanine level, and a rooftop garden, adding to its considerable appeal. The main floor showcases a double-height entrance lobby, a creative studio mezzanine, and a substantial 40-foot by 20-foot boardroom with impressive 16-foot ceilings. The upper floors, characterized by high ceilings and abundant natural light, are adaptable to a variety of uses. Currently vacant, this property is zoned R8B, permitting both residential and commercial uses. Its prime location between Park and Madison Avenues provides easy access to an array of restaurants, shops, and Central Park. The building's unique features, including an elevator and a glass-enclosed rear yard, further enhance its desirability. This property is ideally suited for a high-tech company, hedge fund, or as a sophisticated family office, offering the potential for conversion into a grand mansion or multiple luxury apartments. The flexible zoning and substantial square footage provide unparalleled versatility for a discerning buyer. This is a rare opportunity to acquire a landmark property in one of Manhattan's most coveted neighborhoods.

    Property Features for 35 62Nd St

    General Information

    Property type
    Office space
    Square Feet
    25,000 SF

    Building Details

    Year Built
    1905
    Buildings
    1
    Stories
    5

    HighLights

    • 40' of frontage on East 62nd Street.
    • R8B zoning allows for residential and commercial uses.
    • Unique features include a 40' x 20' boardroom, glass‑enclosed rear yard, elevator, rooftop garden, and full basement.
    • High ceilings and abundant natural light throughout.
    • Prime Upper East Side location between Park and Madison Avenues, near Central Park, restaurants, and shops.
    Property Profile Location Intelligence

    Current Use by Public Records

    SIGA Technologies Inc Biotechnology Company M&F Worldwide Corp. Contractor Mafco Consolidated Group ... Financial Planner

    Suggested Use

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

    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
    -73.9693523
    Latitude
    40.7654146

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    FAQs

    What type of property is this?
    Office space - 25,000 SF, Vacant, Prime Location
    Where is this office space located?
    The property is located at 35 62Nd St New York, NY.
    What are key features of this property?
    This property features: 40' of frontage on East 62nd Street.; R8B zoning allows for residential and commercial uses.; Unique features include a 40' x 20' boardroom, glass-enclosed rear yard, elevator, rooftop garden, and full basement.
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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
    35 62Nd St New York, NY 10065
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