Self-storage building · Upper East Side, Manhattan
406 East 62nd Street
New York, NY 10065
406 East 62nd Street is a 6-floor self-storage building in the Upper East Side, Manhattan, built in 1963, with about 178,000 square feet of industrial and storage space according to city records.
Also at 406-426 East 62nd Street.
- Industrial and storage space
- 178K SF
- Floors
- 6
- Year built
- 1963
- Zoning
- C8-4
The largest of the 5 industrial and storage buildings we track in the Upper East Side. Compare it with 6 neighbors
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Compared with its neighbors
How 406 East 62nd Street compares
Next to the 6 nearest large commercial buildings, all within a 3 minute walk, 406 East 62nd Street is the largest by commercial floor area. It went up in 1963; the median neighbor dates from 1954. Its estimated property tax, about $7.09 a square foot of floor area before abatements, is below the neighbors' median of $14.00.
| Building | Commercial space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 406 East 62nd Street | 178K SF | 6 | 1963 | $7.09 | Dec 2021, $327M |
| 407 East 61st Street | 39K SF | 7 | 1928 | Exempt | n/a |
| 1124 First Avenue | 77K SF | 7 | 1910 | $11.56 | Dec 2021, $34.1M |
| 409 East 60th Street | 35K SF | 5 | 1930 | $28.14 | May 2011, $24M |
| 323 East 61st Street | 50K SF | 6 | 2019 | Exempt | n/a |
| 325 East 60th Street | 96K SF | 5 | 1979 | $14.00 | n/a |
| 321 East 61st Street | 79K SF | 7 | 2017 | Exempt | n/a |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 406-426 East 62nd Street
- ZIP code
- 10065
- Building type
- Self-storage building (city class E7)
- Total floor area
- 177,920 SF
- Commercial floor area
- 177,920 SF
- Industrial and storage
- 177,920 SF
- Height
- 6 floors
- Average floor
- About 29,700 SF (floor area divided by floors)
- Year built
- 1963
- Lot area
- 25,575 SF
- Zoning district
- C8-4
- Built FAR
- 6.96
- Max commercial FAR
- 5
- Tax lot (BBL)
- 1014560035
Nearest subway
- Roosevelt Island
- Lexington Av/59 St
- Lexington Av/63 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists SM I MMS, L.L.C. as the owner of record. For tax year 2026/27 the city values 406 East 62nd Street at $33 million and assesses it at $14.8 million. After phase-ins and exemptions its taxable value is $11.6 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $1.26 million a year before abatements, roughly $7.09 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- SM I MMS, L.L.C.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $32,979,000
- Land market value
- $7,103,000
- Assessed value
- $14,840,550
- Taxable value (phased in)
- $11,632,140
- Estimated yearly tax
- About $1.26 million
- Tax per SF of floor area
- About $7.09
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
Own or manage 406 East 62nd Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
406 East 62nd Street last sold in December 2021 for $326.9 million, according to the deed recorded with the city. EAST 62ND MINISTORAGE PROPERTIES, LLC sold it to SM I MMS, L.L.C.. That comes to about $1,837 per square foot of floor area.
- Last sale (deed date)
- December 16, 2021
- Price
- $326,900,000
- Price per SF of floor area
- About $1,837
- Seller
- EAST 62ND MINISTORAGE PROPERTIES, LLC
- Buyer
- SM I MMS, L.L.C.
- Deed recorded
- December 29, 2021
- ACRIS document
- 2021121700645016
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
406 East 62nd Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 24.9 kBtu per square foot, 26% above the national median of 19.8 for a similar property. Its greenhouse gas emissions were about 450 metric tons of CO2e (2.53 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Self-Storage Facility
- Site energy use intensity
- 24.9 kBtu/SF
- National median for the type
- 19.8 kBtu/SF
- Greenhouse gas emissions
- 450 t CO2e
- Emissions per SF
- 2.53 kg CO2e
- Floor area in the filing
- 177,921 SF
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 406 East 62nd Street comes to about 344 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 758 tons for 2024 to 2029 (45% of the limit), so it would owe no penalty. From 2030 the limit drops to 109 tons and the same energy use counts as about 198 tons, about 89 tons over, or an estimated $24,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 758 t CO2e
- Estimated emissions
- 344 t CO2e
- Under the limit by
- 414 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 109 t CO2e
- Estimated emissions
- 198 t CO2e
- Over the limit by
- 89 t CO2e
- Estimated penalty a year
- $24,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Self-Storage Facility 177,921 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 406 East 62nd Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 406 East 62nd Street in the 12 months to October 2026; the last one was first permitted in May 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- May 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across the Upper East SideWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
No industrial and storage space listed in the Upper East Side yet
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Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 406 East 62nd Street
How big is 406 East 62nd Street?
406 East 62nd Street has about 178,000 square feet of floor area in total, including 178,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 406 East 62nd Street built?
City records list 1963 as the year built. The building is 6 floors tall.
What other addresses does 406 East 62nd Street have?
City records list 406-426 East 62nd Street on the same tax lot (BBL 1014560035) as 406 East 62nd Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 406 East 62nd Street?
406 East 62nd Street is in ZIP code 10065, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 406 East 62nd Street, New York, NY 10065, in the Upper East Side.
What is the zoning at 406 East 62nd Street?
The lot is in the C8-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 6.96 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 406 East 62nd Street?
The closest subway station to 406 East 62nd Street is Roosevelt Island (the M train), about 0.4 miles away in a straight line, roughly 7 minutes on foot. The MTA lists it as an accessible station. Also nearby: Lexington Av/59 St (the N, R, W, 4, 5 and 6 trains, connected to 59 St), 8 min walk; Lexington Av/63 St (the M and Q trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 406 East 62nd Street?
The NYC Department of Finance's 2026/27 assessment roll lists SM I MMS, L.L.C. as the owner of record of 406 East 62nd Street (BBL 1014560035). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 406 East 62nd Street last sold?
406 East 62nd Street last sold in December 2021 for $326.9 million, according to the deed recorded with the city. EAST 62ND MINISTORAGE PROPERTIES, LLC sold it to SM I MMS, L.L.C.. That comes to about $1,837 per square foot of floor area. The deed is ACRIS document 2021121700645016 (BBL 1014560035) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Does 406 East 62nd Street have an energy grade?
406 East 62nd Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 24.9 kBtu per square foot, 26% above the national median of 19.8 for a similar property. Its greenhouse gas emissions were about 450 metric tons of CO2e (2.53 kg per square foot).
Does 406 East 62nd Street meet Local Law 97?
At its 2024 energy use, 406 East 62nd Street comes to about 344 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 758 tons for 2024 to 2029 (45% of the limit), so it would owe no penalty. From 2030 the limit drops to 109 tons and the same energy use counts as about 198 tons, about 89 tons over, or an estimated $24,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
Is there construction at 406 East 62nd Street?
The Department of Buildings issued no permits for new jobs at 406 East 62nd Street in the 12 months to October 2026; the last one was first permitted in May 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1014560035. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 406 East 62nd Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $11.6 million for 406 East 62nd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.26 million a year, roughly $7.09 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1014560035 show the actual bill.
What is the assessed value of 406 East 62nd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 406 East 62nd Street at $33 million ($7.1 million of it land) and its assessed value at $14.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 50% from 2022/23 ($22 million) to 2026/27.
Is there industrial and storage space for lease at 406 East 62nd Street?
No space at 406 East 62nd Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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