345 62nd St New York, NY 10065-7781

This exceptional six-unit mixed-use building, constructed in 2008, boasts 9,453 square feet on a 1,707 square foot lot in the vibrant Upper East Side of Manhattan. The property features a ground floor commercial space currently leased to a catering company until March 2027, and five luxury apartments with condo-quality finishes: one studio, three two-bedroom/two-bathroom units, and a penthouse. All apartments feature desirable amenities such as gas fireplaces and outdoor spaces, and are not subject to rent regulation, maximizing rental income potential. The building is a six-story elevator building with a desirable R8B/C2-5 zoning designation. Its prime location offers easy access to major transportation hubs, including the Lexington Avenue/63rd Street subway station (F and Q lines), and proximity to renowned institutions such as Rockefeller University, Memorial Sloan Kettering Cancer Center, Hospital for Special Surgery, and New York Presbyterian Hospital. The building is in excellent condition, with current ownership proactively upgrading building systems. The strong tenant base and high-quality finishes contribute to a substantial net operating income (NOI) of $318,646, resulting in a compelling 4.58% capitalization rate. This presents a rare opportunity to acquire a well-maintained, high-performing asset in a highly sought-after Manhattan location. The asking price is $6,950,000.