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343 E 66th St 25 Unit Apartment Building $25,500,000 ($1,020,000/Unit) 3.40% Cap Rate New York, NY 10065

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Investment Highlights

Best Development Site for Lenox Hill Neighborhood

Executive Summary

Lenox Hill Development Site Exclusive The property features 25 residential units (19 free market, 5 rent-stabilized, 1 rent-controlled) generating $848,000 in gross annual residential income, plus four commercial spaces including a Dunkin' Donuts franchise generating $412,291, Rooftop Antenna $34,729, Basement Laundromat $51,660, Ground Floor Hair Salon $83,604, and RE Contributions $161,131 annually.
For full sale details check out the broker website: https://www.photopiaeditions.com/dmbpro/1225_First_Avenue.html

343_E66_Development_Feasibility_Study

Property Facts

Price	$25,500,000	Apartment Style	Mid-Rise
Price Per Unit	$1,020,000	Building Class	B
Sale Type	Investment	Lot Size	0.09 AC
Cap Rate	3.40%	Building Size	18,828 SF
Gross Rent Multiplier	13	Average Occupancy	100%
No. Units	25	No. Stories	6
Property Type	Multifamily	Year Built/Renovated	1910/2015
Property Subtype	Apartment General Retail Storefront Retail/Residential
Zoning	C1-9 - C1-9 is a contextual zoning district with common residential use.

Price	$25,500,000
Price Per Unit	$1,020,000
Sale Type	Investment
Cap Rate	3.40%
Gross Rent Multiplier	13
No. Units	25
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.09 AC
Building Size	18,828 SF
Average Occupancy	100%
No. Stories	6
Year Built/Renovated	1910/2015
Zoning	C1-9 - C1-9 is a contextual zoning district with common residential use.

Unit Amenities

Microwave

Stainless Steel Appliances

Intercom

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	5	-	650
2+1	16	-	700 - 900
3+1	4	-	1,100

Property Taxes

Parcel Number	1441-0023	Improvements Assessment	$2,285,820
Land Assessment	$448,650	Total Assessment	$2,734,470

Property Taxes

Parcel Number

1441-0023

Land Assessment

$448,650

Improvements Assessment

$2,285,820

Total Assessment

$2,734,470

(212) 348-5337

Contact

Sergio Spodek
DMB Properties Inc

Listing ID: 40174232
Date on Market: 4/16/2026
Last Updated:
Address: 343 E 66th St, New York, NY 10065

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343 E 66th St, New York, NY for sale Primary Photo- Image 1 of 11 — IMG_2309

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343 E 66th St

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