Nest Seekers International has been retained on an exclusive basis to arrange for the sale of 145-147 East 62nd Street a 27.5' wide mixed-use building located on the north side of 62nd Street between Lexington and Third Avenue. The property is currently confgured as 4 stories plus basement and approximately 7,010 square feet. The property consists of two vacant commercial ground floor spaces, which can easily be combined and will enjoy the full frist floor, basement and the lush and quaint garden in the rear of the building. Combined, the commercial space would be the perfect location, size and layout for a restaurant with a rent of $30,000/mo. Above the commercial space is 6 residential apartments, 1 of which is vacant and free market and 5 of which are Rent Stabilized.The expected annual rent is $484,794.72. The building sits on a 27.5' x 91' lot, is located in a C1-8X, R8B Zone (Residential FAR 9.0 and Commercial FAR 2.0) and has approximately 6,382 square feet of development rights remaining. The property is neither Landmarked nor located in a Historic District. Located at the southernmost part of the Upper East Side and only moments to Midtown, Lenox Hill has established itself as a go to stop for development as demand signifcantly outpaces supply. 145-147 East 62nd Street is appropriately positioned to attract the highest level of interest from condo residents as it is steps to the 4/5/6, F and N/Q/R trains, a short walk to Central Park and perfectly placed west of Third Avenue in the heart of the Upper East Side's most fantastic shopping and nightlight including the designer boutiques and bustling cafe´'s on Madison Avenue. Furthermore, a recent influx of high end condo developments at an excess of $3500psf has primed the area for signifcant price appreciation with 145-147 East 62nd Street at its epicenter. This is a great opportunity for a user, investor or 1031 exchange buyer to acquire a prime mixed use asset situated in one of the most sought after locations in the world. The building can also be delivered vacant for $14,600,000.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
