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345 E 62nd St
New York, NY 10065
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Fully leased five-unit building with strong income stability in a mixed-use configuration.
- Located in the Lenox Hill neighborhood near prominent Upper East Side destinations.
- Ground-floor retail space occupied by a restaurant ensures consistent foot traffic.
- Excellent transit access with subway and bus lines just steps from the property.
Executive Summary
This offering presents a well-maintained multifamily property in the heart of Lenox Hill at 345 E 62nd Street. Originally built in 1910 and fully renovated in 2007, the building is in excellent condition and configured as a mid-rise with six stories. The property features five free-market apartment units, all fully leased, delivering strong and stable residential income. Complementing the residential mix, the ground floor is occupied by a restaurant tenant, adding diversified revenue and neighborhood vibrancy.
Located steps from major transit options and Upper East Side amenities, this asset combines prime positioning with reliable cash flow. Its mixed-use zoning (R8B/C2-5) provides long-term flexibility and potential upside for investors. Offering consistent income generation in one of Manhattan’s most desirable areas, this property represents a compelling opportunity for investors seeking strong performance and enduring value.
Located steps from major transit options and Upper East Side amenities, this asset combines prime positioning with reliable cash flow. Its mixed-use zoning (R8B/C2-5) provides long-term flexibility and potential upside for investors. Offering consistent income generation in one of Manhattan’s most desirable areas, this property represents a compelling opportunity for investors seeking strong performance and enduring value.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 5 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 9,453 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1910/2008 |
| Zoning | R8B / C2-5 - Mixed Use | ||
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 9,453 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1910/2008 |
| Zoning | R8B / C2-5 - Mixed Use |
Amenities
Site Amenities
- Controlled Access
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+2 | 3 | - | - |
| 3+3 | 1 | - | - |
Property Taxes
| Parcel Number | 1437-0018 | Improvements Assessment | $659,392 |
| Land Assessment | $279,805 | Total Assessment | $939,197 |
Property Taxes
Parcel Number
1437-0018
Land Assessment
$279,805
Improvements Assessment
$659,392
Total Assessment
$939,197
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