Welcome to 238 East 60th Street

THE OFFERING
238 East 60th Street, featuring a beautiful pre-war Georgian Revival facade with understated limestone characteristics, is located on the Upper East Side's Lenox Hill. The mix-use home offers an unprecedented opportunity for investors or users alike. Being ideally located for commercial as well as residential tenants the home lies in swift distance to Manhattan's Midtown and major transportation hubs as well as the famed Central Park. 238 East 60th Street contains an approximate gross square footage of 4,780 and is zoned R8B.

THE OPPORTUNITY FOR USERS AND INVESTORS
The five-story townhouse comprises two commercial units on the ground and second floor and five newly renovated residential units on the third through fifth floor. The two commercial units are delivered vacant. It is to be noted that the second floor unit is being negotiated on with a potential long-term customer at a strong market rate. The five free-market residential apartments are fully leased until approximately mid 2022. Users can choose to operate their business(es) out of the commercial space and live in and/or rent out the residential units, while investors have the opportunity to leave the building as is and lease up to create a cash flowing asset, or renovate and reconfigure the property to realize their vision.

THE LOCATION
On a charming block on the Upper East Side, 238 East 60th Street is situated in short distance from Bloomingdale's, Whole Foods, Trader Joe's, Equinox, and some of the city's most desirable restaurants and cafes. The property is conveniently located close to the 4 5 6 N, R, W, Q, and F Subway lines, offering tenants and customers easy access to transportation.

Appointment upon request.

Property Details of 238 East 60th Street, Unit NA

Property Details

Map Location

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Listed by Sebastian Steinau of Corcoran Group

Based on information submitted to REBNY as of May 23, 2022 6:49 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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