115 E 69th St - Office/Residential FOR SALE


New York, NY 10021- Lenox Hill
$10,950,000 USD
212-430-5152
115 E 69th St, New York, NY for Sale
$10,950,000 USD
Office/Residential - FOR SALE
1/8
null | Request Cap Rate

115 E 69th St
New York, NY 10021
Lenox Hill


HIGHLIGHTS

  • Historic Townhouse between Park & Lexington
  • Delivered Vacant For Immediate Redevelopment
  • R8B Zoning for Conversion Single-Family Residence
  • Heart of Lenox Hill Section of Upper East Side

OVERVIEW

Marcus & Millichap is the exclusive sales broker for 115 East 69th Street, a 9,981 square foot, single-tenant, elevatored, family-office building in the Lenox Hill section of the Upper East Side between Park and Lexington Avenues. The building supports front- and back-office operations in a discreet townhouse format. For an incoming family office, foundation or philanthropy, that means minimal change-of-use delays and a layout that already prioritizes privacy, security and client reception. Constructed in 1902 and built fully on a 20-foot by 100-foot lot , the subject property currently serves as the headquarters for a family office housing more than thirty employees and has been meticulously maintained for the past thirty years. The property is currently owner-occupied and has the option to be delivered vacant upon sale. Here is a possible configuration: -Garden/Cellar: secure arrival, mailroom/IT, catering pantry, fitness/quiet room for principals -Parlor/1st: formal reception and client salons opening to the balcony; space for art display and stewardship meetings -2nd: boardroom with adjacent war room and CFO/GC suites (variance covers second floor) -Upper floors: principals’ private offices, family foundation/admin, library; retain or restore period woodwork where present. -Penthouse/roof: low-profile terrace and mechanicals 115 East 69th Street’s location within the Upper East Side provides quick access to nearby private schools, transit, entertainment and hospitals. The property is within walking distance of the Council on Foreign Relations, consulates and UN missions, and Park Avenue Armory. Some of New York’s premier cultural attractions are nearby including Central Park, The Metropolitan Museum of Art and The Frick Collection. Nearby hospitals include the Hospital for Special Surgery, New York–Presbyterian Hospital, Lenox Hill Hospital, and Memorial Sloan Kettering Cancer Center.

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$1,097 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Family Office/Philanthropic Headquarters

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R8B, LH-1A

APN/PARCEL ID

1404-7502,1408-0008

ASK ABOUT THIS PROPERTY

John StewartMarcus & MillichapMore Info
212-430-5152

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John StewartMarcus & MillichapMore Info
212-430-5152

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.