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    Upper East Side Professional Space Title is generated by Realmo AI

    1036 Park Avenue, New York, NY 10028

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    For Sale
    $575,000

    Prime Manhattan location, ideal for medical or professional use.

    Type:Residential
    Property size:
    1,000 SF
    Price / SF:
    $575/SF
    Added:
    Dec 5, 2025
    Days on Market:
    184
    Last Refresh:
    Apr 6 at 3:23 am

    Property Features for 1036 Park Avenue

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Residential

    Building Details

    Year Built
    1957

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    Listing Contact
    Avi Levi-Braha
    Avi Levi-Braha

    Listing agent Avi Levi-Braha License #10401268045

    Listing office SoHo

    Listing date Dec 5, 2025

    Source Corcoran

    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 SoHo

    HighLights

    • Prime Upper East Side location at Park Avenue and 86th Street.
    • Dual access from both the building and the street.
    • Approximately 1,000 sq. ft. of professional space.
    • Suitable for a wide range of professional uses.
    • Rare opportunity for a full gut renovation to customize the space.
    • Excellent transportation options, high residential density, and strong foot traffic.

    Overview

    Located at Park Avenue and 86th Street on the Upper East Side of Manhattan, this commercial space offers approximately 1,000 sq. ft. of professional space. The property benefits from dual access from both the building and the street, offering exceptional convenience and visibility. Historically used as a doctor's office, the space is suitable for a wide range of professional uses, including medical, wellness, therapy, consulting, law, and accounting. The interior requires a full gut renovation, presenting the opportunity to customize the layout to specific requirements. The location offers excellent transportation options, high residential density, and strong foot traffic.

    Local 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 $51.5k $51.48
    − Vacancy −$9.7k −$9.73
    EGI $41.8k $41.75
    − OpEx −$10.4k −$10.44
    NOI $31.3k $31.31
    1,000 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $447.3K
    $391.4K – $521.9K (±1% cap)
    NOI $31,313 @ 7.0% cap · market cap 5.45%
    Second Best
    Healthcare Medical
    $425.8K
    $372.6K – $496.8K (±1% cap)
    NOI $29,808 @ 7.0% cap · market cap 5.18%
    Theoretical Best
    Specialty Retail
    $2.49M
    $2.18M – $2.90M (±1% cap)
    NOI $174,240 @ 7.0% cap · market cap 30.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    • Solomon Gene a DVM 236 E 75th St #2, New York, NY 10021
    • Center For Veterinary Care: Walter-Rutter, Amanda K DVM 236 E 75th St # 2, New York, NY 10021
    • Greene Richard w DVM 236 E 75th St # 2, New York, NY 10021
    • Small Door Veterinary - Upper East Side 1231 3rd Ave, New York, NY 10021

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9527
    Latitude
    40.7764

    FAQs

    What type of property is this?
    Medical Office Space - Prime Manhattan location, ideal for medical or professional use.
    Where is this medical office space located?
    The property is located at 1036 Park Avenue New York, NY.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Prime Upper East Side location at Park Avenue and 86th Street.; Dual access from both the building and the street.; Approximately 1,000 sq. ft. of professional space.
    More about this property
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