12 East 64th Street offers a rare opportunity to acquire a premium multifamily investment in the heart of Manhattan’s most prestigious residential corridor. This boutique mid-rise property, located steps from Central Park and Madison Avenue, features six large, market-rate units across two connected buildings, offering investors strong income potential and long-term value in one of New York City’s most resilient luxury submarkets.
Key Features:
Exceptional Upper East Side Location:
✔ Situated on a landmarked block between Fifth and Madison Avenues
✔ Immediate access to Central Park, luxury retail on Madison Avenue, world-class dining, and cultural institutions
✔ Surrounded by some of Manhattan’s most exclusive residential and diplomatic properties
Boutique Mid-Rise Asset:
✔ 6 spacious market-rate residential units averaging 1,044 SF each
✔ 2 interconnected buildings with flexible potential for repositioning or luxury condo conversion
✔ Classic Upper East Side architecture with preserved historic details
Building Specifications:
✔ 4 stories with typical floor plates of 2,400 SF
✔ Total Gross Building Area of 6,266 SF
✔ Class B designation offering a blend of historic charm and modernized interiors
✔ Units per Area: 55 units/AC, supporting efficient land use
Financial Highlights:
✔ Asking Price: $54,000,000 ($9,000,000 per unit)
✔ Market-rate leases offering immediate and future rent growth opportunities
✔ Attractive long-term hold asset with upside through strategic upgrades or repositioning
Conclusion:
12 East 64th Street presents an extraordinary opportunity for investors seeking boutique, trophy multifamily assets in New York City’s most coveted neighborhood. With prime location, rare unit sizes, and significant value enhancement potential, this is an unparalleled addition to any high-end real estate portfolio.
Contact us today for additional financials, offering memorandum, or to schedule a private tour.
