Renovated Dental Suite For
1 E 83rd St New York, NY
For Sale
Contact for pricing
724 SF renovated dental suite with private street entrance.
Property Size724 SF
Lot Size0.15 Acres
Price / SF$1,103
Days on Market582
Property Features for 1 E 83rd St
General Information
- Standard status
- Active
- Size
- 724 SF
- Lot size
- 0.15 Acres
- Property subtype
- OFFICE
Listing Agency:
The Corcoran Group | East Side
(212) 836-1075
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Moodyscre
Added: Dec 20, 2024
Changed: Jul 10
Last Checked: Jul 21 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Corcoran Group | East Side
Investment Insights
Based on property information with market context.
Located on the Upper East Side at 8 East 84th Street, the ground floor suite offers 724 square feet of renovated space with a private street entrance. This dental suite features three operatories, each equipped with wall and ceiling-mounted television monitors. Additional features include a sterilization room, a lab, an office/consult area, a kitchenette, a restroom, a waiting room, and a reception area. The medical installation is enhanced by granite floors, overhead lighting, a speaker system, and central air conditioning throughout. The property is easily accessible by public transportation via the 6 train at 86th St as well as Upper East Side bus routes. The building is proximate to Lenox Hill Hospital and Mount Sinai.
Key Highlights
- Renovated 724 sq ft ground floor dental suite with private street entrance.
- Fully equipped with three operatories, sterilization room, lab, office/consult, kitchenette, restroom, waiting room and reception.
- Pristine medical installation with granite floors, overhead lighting, speaker system and central air conditioning.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $51.48 |
| − Vacancy | −$7.0k | −$9.73 |
| EGI | $30.2k | $41.75 |
| − OpEx | −$7.6k | −$10.44 |
| NOI | $22.7k | $31.31 |
724 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$323.9K
$283.4K – $377.8K
NOI $22,670 @ 7.0% cap · market cap 2.84%
Second Best
Healthcare Medical
$308.3K
$269.8K – $359.7K
NOI $21,581 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,150 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - 724 SF renovated dental suite with private street entrance.
Where is this medical office space located?
The property is located at 1 E 83rd St New York, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated 724 sq ft ground floor dental suite with private street entrance.; Fully equipped with three operatories, sterilization room, lab, office/consult, kitchenette, restroom, waiting room and reception.; Pristine medical installation with granite floors, overhead lighting, speaker system and central air conditioning.
