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Investment Highlights

  • Best Development Site for Lenox Hill Neighborhood

Executive Summary

Lenox Hill Development Site Exclusive The property features 25 residential units (19 free market, 5 rent-stabilized, 1 rent-controlled) generating $848,000 in gross annual residential income, plus four commercial spaces including a Dunkin' Donuts franchise generating $412,291, Rooftop Antenna $34,729, Basement Laundromat $51,660, Ground Floor Hair Salon $83,604, and RE Contributions $161,131 annually.

Property Facts

Price $35,126,251 CAD
Price Per Unit $1,405,050 CAD
Sale Type Investment
Cap Rate 3.40%
Gross Rent Multiplier 13
No. Units 25
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 0.09 AC
Building Size 18,828 SF
Average Occupancy 100%
No. Stories 6
Year Built/Renovated 1910/2015
Zoning C1-9 - C1-9 is a contextual zoning district with common residential use.

Amenities

Unit Amenities

  • Microwave
  • Stainless Steel Appliances
  • Intercom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 - 650
2+1 16 - 700 - 900
3+1 4 - 1,100
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
1441-0023
Land Assessment
$614,651 CAD
Improvements Assessment
$2,928,375 CAD
Total Assessment
$3,543,026 CAD
  • Listing ID: 40174232

  • Date on Market: 2026-04-16

  • Last Updated:

  • Address: 343 E 66th St, New York, NY 10065

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