245 60Th St New York, NY 10022

This exceptional mixed-use building at 245 East 60th Street in New York City's Upper East Side presents a compelling investment opportunity. The 4,760 square foot property boasts a desirable location, offering immediate proximity to major hospitals, Rockefeller University, and excellent public transportation (F and Q lines at Lexington Avenue/63rd Street). Built in 1910, this four-story building features a ground floor commercial space and a finished basement, both currently occupied by Naturepedic, a mattress company. The second floor houses a commercial space occupied by an interior designer. The upper floors comprise two full-floor, three-bedroom, one-bathroom apartments, recently updated and free from rent regulation. The building is in excellent condition, with current ownership proactively upgrading building systems. The property benefits from significant unused air rights (3,272 sq ft) and is situated on a 20' x 100.42' lot zoned R8B/C2-8/TA. The current NOI is $197,414, with a pro-forma NOI of $236,803, yielding a 4.39% cap rate and a pro-forma cap rate of 5.26%. The asking price is $4,500,000. This property offers a rare combination of strong cash flow, significant upside potential, and a prime location in a vibrant and sought-after neighborhood. The building requires minimal management, making it an attractive investment for discerning buyers.