$8,495,000
Updated 3 years ago
Off Market

345 East 62nd Street

Upper East Side, Manhattan | Second Ave & First Ave

22 Rooms10 Beds9.5 Baths9,453 Square FeetMixed Use

$8,495,000
floors / apts6 / 5
Lot Size17'x100'
Built Size17'x60'
ZoneR8B
Building TypeLow-Rise
RE Taxes$88,392
Price Per SF
$899

Outdoor space and views

  • Backyard
  • Balcony
  • Garden
  • Patio
  • Terrace
  • City Views

Building Amenities

  • Virtual Doorman
  • Keyed Elevator
  • Laundry Room

Property Description for 345 East 62nd Street

This fully renovated Lenox Hill mixed-use building is located on the north side of East 62nd Street between First and Second Avenues. 345 East 62nd Street is a charming, fully renovated six-story, 9,453 square-foot, mixed-use building. This opportunity will work well for both owner-users and turn key investors. Built 17’ X 90’ on a 100’ lot this building is approximately 9,453 sf in size. Zoning is R8B, C2-5. The building consists of five residential units and one two-level commercial unit. All units are separately metered. The building is well maintained and has a new roof as of 2021. The residential units have luxury condominium-like finishes, Bosch and Subzero appliances and consist of three (3) floor-through two bedroom, two bath apartments; (1) one two-bedroom, two and a half bath duplex Penthouse with home office, balcony, and a 243 sf rooftop deck with floor-to-ceiling windows; and (1) one studio apartment. All units are free market with leases ending in 2023 and have been recently upgraded, including HVAC, water heaters, washer/dryers, and balconies. The commercial unit features a fully vented lower level and retail on the ground with an enclosed outdoor space perfect for restaurant use. The lower level kitchen is leased, and the first floor will be delivered vacant. The Projected NOI is $394,268, which represents a $113,763 increase in income starting end of 2023. The set-up offers an immediate owner-user opportunity or increased cash flow to lease retail, office, gallery, consulate, or residential conversion. Contact for additional information and current rent roll.

Listing History for 345 East 62nd Street

Now
02/13/2023
Back on the Market by Susanne Columbia
Compass
01/27/2023
TOM by Susanne Columbia
Compass

Building Details for 345 East 62nd Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVirtual Doorman
AgePre-War
AccessKeyed Elevator
Year Built1910
Floors/Apts6/5
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/63 St
0.31 miles
Lexington Av/59 St
0.31 miles
59 St
0.35 miles
68 St-Hunter College
0.45 miles
72 St
0.5 miles

Citi Bike

1 Ave & E 62 St
0.06 miles
E 65 St & 2 Ave
0.19 miles

Contact Agents

Contact Agents

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: 21500TH