Multi-family

Boutique Multifamily Investment in Lenox Hill – 231 East 60th Street

Asking Price: $4,400,000
Price/Unit: $1,100,000
Units: 4 (All Market-Rate)
Gross Building Area (GBA): 5,100 SF
Stories: 5
Class: C (Mid-Rise Apartment Building)
Rent Type: Market Rate
Location: Lenox Hill / Upper East Side – Manhattan CBD
Status: Active – Investment Offering

Property Overview:

231 East 60th Street offers a rare opportunity to acquire a fully market-rate, boutique multifamily asset in the heart of Manhattan’s prestigious Upper East Side. With only four units across five stories, this 5,100-square-foot property is ideal for investors seeking long-term appreciation, stable income, and minimal management in a prime location.

Investment Highlights:

• All Market-Rate Units: No rent regulation exposure; full income flexibility
• Turnkey Asset: Well-maintained with strong in-place tenancy and upside through interior upgrades
• Efficient Configuration: 4 spacious units averaging 1,275 SF – highly attractive to end-users or luxury renters
• Premium Location: Steps from Bloomingdale’s, Central Park, FDR Drive, and major transit
• Investor/End-User Flexibility: Excellent candidate for conversion to owner-occupied, pied-à-terre, or luxury rental

Location Benefits:

• Situated between 2nd and 3rd Avenues in Lenox Hill, one of Manhattan’s most desirable submarkets
• Close to major retail, hospitals, cultural institutions, and luxury residential towers
• Near 4/5/6, N/R/W, and F subway lines for easy access throughout the city

Summary Metrics:

• Price: $4,400,000
• Units: 4
• Stories: 5
• GBA: 5,100 SF
• Average Unit Size: ~1,275 SF
• Typical Floorplate: 920 SF
• Class: C
• Zoning: Residential / Market

Conclusion:

231 East 60th Street is an exceptional opportunity to acquire a boutique multifamily asset with full market-rate income in a blue-chip Manhattan neighborhood. Whether held for income, future redevelopment, or partial owner occupancy, this asset checks all boxes for long-term stability and value appreciation in a high-demand rental corridor.

Contact us today to receive full offering details, rent roll, or to schedule a private tour.