Cooperative · 1960
406 East 63rd Street
406 East 63rd Street, New York, NY 10065
Buildings·Cooperative

406 East 63rd Street

406 East 63rd Street, New York, NY 10065

At a glance
Year built
1960
Type
Cooperative
Units
22
Floors
5
Landmark
No
Pets
Case by case; subject to board approval — confirm at offer stage
Subletting
Permitted subject to board policy — confirm at offer stage

406 East 63rd Street is a boutique post-war cooperative in Lenox Hill, on East 63rd Street between First and York Avenues — a quiet, convenient corner of the Upper East Side near the East River and the foot of the Queensboro Bridge. Built in 1960 and converted to a cooperative, the building is a small, straightforward, elevatored co-op with ground-floor commercial space, run at boutique scale. For the buyer who wants a sensible, well-located Upper East Side foothold without the carrying cost of a full-service tower, the building is a clean proposition.

The appeal is location and value: a well-run boutique co-op on a residential Lenox Hill block, close to the shops and restaurants of First and Second Avenues, the tram and the F train at Lexington–63rd, and the medical corridor to the north.

Building operations

The cooperative is run at boutique scale: an elevator, superintendent service, and ground-floor commercial space that contributes income to the building. There is no doorman — appropriate and cost-efficient for a small co-op of this scale, and a meaningful factor in keeping maintenance contained.

As a cooperative, ownership is by shares rather than deed: purchases require board approval and a board interview, financing is capped at a board-set percentage, and pied-à-terre and co-purchase arrangements are evaluated case by case. Subletting is permitted subject to board policy, and pets are considered case by case with board approval. The exact financing maximum, any flip tax, and current sublet and pet rules vary by board policy and should be confirmed at offer stage.

Local Law 97

Compliance status
Not subject to Local Law 97

This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.

See full Local Law 97 analysis →

What to know if you’re buying

This is a cooperative, so the path is a board package and interview, a financing cap set by the board, and underwriting of the building's financials and house rules. Note the operational realities up front: this is a boutique building with an elevator and superintendent but no doorman, which suits buyers who value low carry over full-service amenities. Confirm the pet and sublet policies at offer stage. Review the co-op's financials, reserve, and any planned capital work given the building's age, and note the ground-floor commercial income in the building's financial picture.

The reasons to buy are the value and the location: a well-run boutique co-op on a quiet Lenox Hill block near the river, with contained carrying costs and the everyday convenience of the neighborhood at the door.

What to know if you’re selling

The story is value and location. A well-run boutique Lenox Hill co-op with contained carrying costs and a convenient block address sells to value-minded Upper East Side buyers, first-time purchasers, and those trading up from smaller studios. Pricing is an apartment-specific exercise: room count, floor, light, and condition drive the number more than any block average. We position the value narrative, prepare the buyer for the co-op process, and benchmark against the right comparable tier of boutique Upper East Side cooperatives.

Comparable buildings

If you're considering 406 East 63rd Street, also look at these Lenox Hill and Upper East Side cooperatives:

The Roebling Team at 406 East 63rd Street

The Roebling Team at Compass specializes in the Upper East Side and the broader Manhattan cooperative and condominium market. We publish this profile because buyers and sellers of boutique cooperatives deserve building-specific intelligence — the building's structure, the boutique operation, the staffing and amenity reality, and where pricing sits against the right comparable tier.

If you're weighing a purchase or sale at 406 East 63rd Street, a 30-minute consultation is the right starting point.

Considering a move at 406 East 63rd Street?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com