309 East 60th Street

New York, NY

For Sale

$4,550,000

OVERVIEW

LOCATION:
309 East 60th Street, New York, NY 10022

Neighborhood: Lenox Hill

Asset Type: Mixed Use

Square Feet: 5,740

Stories: 4

Residential Units: 6

Commercial Units: 1

 

Description

Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 309 East 60th Street, New York, NY 10022 (the “Property”); a well-maintained, 4-story, 5,740± square foot mixed-use building located between First and Second Avenue in the Lenox Hill neighborhood of the Upper East Side.

 

The Property features six (6) one-bedroom apartments, ground floor retail, useable basement space, and a sun-drenched 1,000 sq. ft. rear yard. The vacant ground-floor retail contains 1,200 sq. ft. on-grade, a 500 sq. ft. storage basement, and 25’ of prime retail frontage. Of the 6 apartments, 5 units are rent-stabilized, and 1 unit is free-market, with an average monthly rent of $1,139. Current market rents for 1-bedroom units (within 2-blocks) are averaging over $2,750/month, presenting an exceptional investment opportunity to purchase and reposition a mixed-use building on Manhattan’s prestigious Lenox Hill / Upper East Side.

 

Nearby attractions include the Bloomingdale’s Flagship Store, Central Park, the Decoration & Design Building, the Church of Our Lady Peace, Trinity Baptist Church, Roosevelt Island Tramway and the headquarters to the United Nations.

 

Nearby Transportation

The Property benefits from incredible access to public transportation, neighborhood attractions, restaurants, retail, and local amenities. Two blocks away is the Lexington Avenue/59th Street Station servicing the 4,5,6 as well as the N,R,W subway trains.