Property profile

367 East 62Nd St New York, NY 10065

FOR SALE
Investment properties
Property ID
US63-0203085
3,945 SF 0.03 ac lot Built 1901
Entity Owned 21-yr Hold
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Property summary

AI-generated overview

This exceptional executive office space, located in the heart of the Upper East Side between 1st and 2nd Avenue, offers two available suites perfect for discerning businesses. The building totals 800 square feet, with each suite offering a minimum of 300 square feet and a maximum contiguous space of 500 square feet. Currently, the entire 800 square feet is vacant and ready for immediate occupancy. The property is designated for office use only and is presented in turnkey condition, eliminating the need for extensive renovations or improvements. The building's prime location in New York County provides easy access to a variety of amenities, transportation options, and a vibrant business community. This is an excellent opportunity for a small business or professional seeking a prestigious and convenient address. The flexible space allows for customization to meet individual needs, making it ideal for a range of professional uses. The multiple tenancy structure ensures a diverse and dynamic environment. Don't miss this chance to secure a highly desirable office space in one of Manhattan's most sought-after neighborhoods. Inquire today to learn more about leasing options and availability.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1901
Total area 3,945 SF
Lot 0.03 ac (1,095 SF)
Zoning code C2-8
APN 01437-0024
UPID US63-0203085

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Clothing & Fashion Store

Location

367 East 62Nd St New York, NY 10065
New York metro Census 11000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2004
6 recorded transactions
2020
Price N/A
2004
$2.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2-8 · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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