Medical Office Suite with Street
1035 Park Avenue E New York, NY 10028
For Sale
Contact for pricing
Modern, fully-equipped medical suite with a private street entrance, operating room, recovery area, and exam rooms.
Property Size940 SF
Price / SF$957.45
Days on Market100
Property Features for 1035 Park Avenue E
General Information
- Standard status
- Active
- Size
- 940 SF
- Property subtype
- Office
Listing Agency:
Wexler Health Care Properties Team
(212) 836-1075
Listed By:
Paul Wexler · License #NY 30WE0902877
Source:
Crexi
Added: Apr 16
Changed: Jul 22
Last Checked: Jul 23 at 7:55AM
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 Wexler Health Care Properties Team
Investment Insights
Based on property information with market context.
1035 Park Avenue offers a modern, fully-equipped medical office suite in Suite E, currently configured for a plastic and reconstructive surgery practice. The space includes a private street entrance and features a waiting and reception area, a QUAD-A certified operating room with a pre-op/lab area, a recovery area, and a restroom. Additional interior improvements include a large office/consult, an exam room, and another restroom.
The building is on the Upper East Side and is accessible by public transportation via the 4, 5, 6, N, Q, and R trains at 86th St, as well as Upper East Side bus routes. The property is proximate to Lenox Hill Hospital, Mount Sinai, and NYC Health + Hospitals.
With its private street entrance and existing clinical layout, Suite E is adaptable for a range of medical specialty uses.
The building is on the Upper East Side and is accessible by public transportation via the 4, 5, 6, N, Q, and R trains at 86th St, as well as Upper East Side bus routes. The property is proximate to Lenox Hill Hospital, Mount Sinai, and NYC Health + Hospitals.
With its private street entrance and existing clinical layout, Suite E is adaptable for a range of medical specialty uses.
Key Highlights
- 940 SF private street entrance medical suite on the Upper East Side
- Fully‑equipped space currently configured for plastic and reconstructive surgery practice, adaptable to medical specialties
- QUAD‑A certified operating room plus pre‑op/lab area
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 | $48.4k | $51.48 |
| − Vacancy | −$9.1k | −$9.73 |
| EGI | $39.2k | $41.75 |
| − OpEx | −$9.8k | −$10.44 |
| NOI | $29.4k | $31.31 |
940 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$420.5K
$367.9K – $490.6K
NOI $29,434 @ 7.0% cap · market cap 3.27%
Second Best
Healthcare Medical
$400.3K
$350.3K – $467.0K
NOI $28,020 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,786 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Modern, fully-equipped medical suite with a private street entrance, operating room, recovery area, and exam rooms.
Where is this medical office space located?
The property is located at 1035 Park Avenue E New York, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 940 SF private street entrance medical suite on the Upper East Side; Fully‑equipped space currently configured for plastic and reconstructive surgery practice, adaptable to medical specialties; QUAD‑A certified operating room plus pre‑op/lab area
