406 East 63rd Street | New York, NY 10065 Fully Vacant Upper East Side Mixed-Use Building with Elevator 406 East 63rd Street offers a rare opportunity to acquire a fully vacant five-story mixed-use building in the heart of Manhattan's prestigious Upper East Side. Featuring 22 residential apartments and 2 ground-floor retail storefronts, the property provides investors with the unique ability to establish an entirely new rent roll at current market rates from day one. Originally built in 1960, the building is serviced by an elevator and sits on a 25-foot frontage with a 2,512-square-foot lot. Zoned R8 and classified as Tax Class 2, the property presents an outstanding opportunity for long-term ownership in one of New York City's most stable and desirable rental markets. The residential units, comprised of studio and one-bedroom apartments, have recently been refreshed with: Updated kitchen appliances New cabinetry and countertops Renovated bathrooms Move-in-ready finishes The building is being delivered 100% vacant and contains no rent-controlled apartments, providing exceptional leasing flexibility and eliminating legacy tenancy concerns. Property Highlights Five-story elevator building Prime Upper East Side location 22 residential apartments (11 studios and 11 one-bedrooms) 2 ground-floor retail storefronts Delivered fully vacant No rent-controlled apartments Recently updated residential interiors Elevator building 25-foot frontage 2,512 SF lot Built in 1960 R8 zoning Tax Class 2 Opportunity to lease all residential and retail space at market rents This is an exceptional opportunity for investors, family offices, owner-operators, or developers seeking a turnkey leasing opportunity in one of Manhattan's strongest residential submarkets. The combination of full vacancy, recent unit renovations, elevator service, and unrestricted leasing potential makes 406 East 63rd Street a truly scarce offering with significant upside. For additional information, rent projections, or to schedule a private tour, please contact the owner.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
