Avison Young, as the exclusive agent, is pleased to offer for sale 221 East 60th Street (the “Property”), a 5-story multifamily walk-up building with 20 feet of frontage located on the north side of East 60th Street between Second and Third Avenues in the heart of Manhattan’s highly desirable Lenox Hill submarket.
The Property spans approximately ±6,720 square feet and is comprised of one retail space on the ground floor and seven residential units above. The retail component of the property is currently occupied by Valley Design Center through December 2028. Of the residential units, three are free-market and four are rent-stabilized (RS). All of the rent stabilized units are studios, while the three FM units include one 1-bedroom, one 2-bedroom and one flex 5-bedroom with a patio. The Property is 100% occupied with upside potential in the FM rents.