Marcus & Millichap is the exclusive sales broker for 245 East 60th Street (“Property”), a mixed-use walk-up building on Sixtieth Street between Second and Third Avenues on the Upper East Side.  The Property has twenty feet of frontage on Sixtieth Street and is built 20 feet by 49 feet on a 20-foot by 100.42-foot R8B/C2-8/TA-zoned lot.  The Property has approximately 3,200 square feet of unused development rights and is not part of a historic district.

Built around 1910, the Property’s unit mix is comprised of a ground floor commercial space and finished basement are occupied by Naturepedic, a mattress company.  The upper floors house a commercial space on the second floor occupied by an interior designer and two full-floor three-bedroom one-bath apartments.  The apartments have been updated and are not subject to rent regulation.

The Property offers an investor the opportunity to own a building not subject to rent regulation in a bustling section of the Upper East Side.  In addition, the building requires minimal management and is in excellent condition with current ownership regularly upgrading many building systems.

Located in one of Manhattan’s most lively residential neighborhoods, the Property is surrounded by many bars, restaurants and nightlife on Second and Third Avenues.  It is also across the street from the Roosevelt Island Tram and a short distance from Rockefeller University, Memorial Sloan Kettering Cancer Center, Hospital for Special Surgery and New York Presbyterian Hospital.  The Property is three blocks from the Lexington Avenue/63rd Street subway station (F and Q lines).