$3,350,000
Updated 4 years ago
Off Market

238 East 60th Street

Upper East Side, Manhattan | Third Ave & Second Ave

14 Rooms6 Beds4,776 Square FeetMixed Use

$3,350,000
floors / apts5 / 5
Lot Size13'3"x100'4"
ZoneR8B
Building TypeTownhouse
RE Taxes$51,785
Price Per SF
$701

Building Amenities

  • Video Intercom

Property Description for 238 East 60th Street

Welcome to 238 East 60th Street

THE OFFERING
238 East 60th Street, featuring a beautiful pre-war Georgian Revival facade with understated limestone characteristics, is located on the Upper East Side's Lenox Hill. The mix-use home offers an unprecedented opportunity for investors or users alike. Being ideally located for commercial as well as residential tenants the home lies in swift distance to Manhattan's Midtown and major transportation hubs as well as the famed Central Park. 238 East 60th Street contains an approximate gross square footage of 4,780 and is zoned R8B.

THE OPPORTUNITY FOR USERS AND INVESTORS
The five-story townhouse comprises two commercial units on the ground and second floor and five newly renovated residential units on the third through fifth floor. The two commercial units are delivered vacant. It is to be noted that the second floor unit is being negotiated on with a potential long-term customer at a strong market rate. The five free-market residential apartments are fully leased until approximately mid 2022. Users can choose to operate their business(es) out of the commercial space and live in and/or rent out the residential units, while investors have the opportunity to leave the building as is and lease up to create a cash flowing asset, or renovate and reconfigure the property to realize their vision.

THE LOCATION
On a charming block on the Upper East Side, 238 East 60th Street is situated in short distance from Bloomingdale's, Whole Foods, Trader Joe's, Equinox, and some of the city's most desirable restaurants and cafes. The property is conveniently located close to the 4 5 6 N, R, W, Q, and F Subway lines, offering tenants and customers easy access to transportation.

Appointment upon request.

Listing History for 238 East 60th Street

Now
08/12/2022
POM by Sebastian Steinau
Corcoran
04/19/2022
Contract Signed by Sebastian Steinau
Corcoran

Building Details for 238 East 60th Street

OwnershipMixed Use
Building TypeTownhouse
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/5
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/59 St
0.14 miles
59 St
0.17 miles
Lexington Av/63 St
0.22 miles
Lexington Av/53 St
0.35 miles
68 St-Hunter College
0.46 miles

Citi Bike

3 Ave & E 62 St
0.11 miles
E 58 St & 3 Ave
0.12 miles

Contact Agent

Contact Agent

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 83900TH