115 E 69th St
New York, NY 10021
Office Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale 115 East 69th Street, a prominent office building in New York’s prestigious Upper East Side neighborhood. Built in 1902, the property spans approximately 10,627 square feet on a 20-foot by 100-foot lot. The asset is in a highly desirable location between Park Avenue and Lexington Avenue with a remarkable “Walk & Transit” score of 100. The property is currently a single-tenant office building with front and back room operations for more than 20 employees. However, the building’s versatility will allow a new owner to reconfigure the site, either by leasing to multiple office tenants to reduce vacancy risk and maximize square footage or by converting to separately sold single-family condominiums. The property is currently owner-occupied and has the option to be delivered vacant upon sale, allowing a new owner to undergo changes immediately. The Upper East Side is one of New York’s most affluent neighborhoods, with significant average household income as well as apartment- and office-rent growth. The Upper East Side’s average effective household income increased 29%, from $143,233 to $185,284, between 2000 and 2018. Between 2013 and 2018, effective office rents increased 19%, from $40.09 to $47.76; between 2013 and 2023, average effective apartment rents are projected to increase 8%, from $4,124 to $4,442. 115 East 69th Street’s location within the Upper East Side provides residents and commuters with easy access to nearby schools, public transit, entertainment and hospitals. The property is within the largest public-school district in Manhattan as well as near many of the most exclusive private schools in New York City. The property is near New York’s robust transit system for easy access around the city. It is a one-block walk to the nearest subway line (6) and five blocks to the new Second Avenue subway (Q), providing easy access to Midtown, Greenwich Village, East Village, Lower Manhattan and the Financial District. In addition, it is a three-block walk to two crosstown buses (M72 & M66). 115 East 69th Street is within walking distance of the Council on Foreign Relations, many international consulates, and Park Avenue Armory. Some of New York’s most prestigious attractions are nearby including Central Park, The Metropolitan Museum of Art and The Frick Collection. Nearby hospitals include the Hospital for Special Surgery, New York–Presbyterian Hospital, Lenox Hill Hospital, and Memorial Sloan Kettering Cancer Center.