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Medical Space in Luxury Building
For Lease
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40 Park Avenue, New York, NY 10016

Medical office space for lease in Murray Hill, adaptable to specialty.

Space SizeContact for details
Days on Market657

Property Features for 40 Park Avenue

General Information

Standard status Active
Property subtype Residential

Amenities

Central air
Doorman
Elevator

Building Details

Year Built 1950
Units 153
Listing Agency: East Side
Listed By: Paul L Wexler · License #30WE0902877
Source: Corcoran
Added: Nov 6, 2024 Changed: Aug 16 Last Checked: Aug 25 at 5:06AM

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 East Side

Investment Insights

Based on property information with market context.

Available for lease is a medical space located at 40 Park Avenue, Suite 1. The space features a private street entrance within a luxury residential building in Murray Hill, situated between East 36th and East 37th Street. The new medical pre-built layout offers approximately 1636 RSF. The layout includes a waiting room, reception area, five exam rooms, two offices/consults, a nurses station, staff pantry/kitchenette, and two restrooms. This space is adaptable to any medical specialty. The property is proximate to NYU Langone Health, HSS, and NYC Health + Hospitals / Bellevue. Public transportation is accessible via the 4, 5, 6, 7 and S subway lines, as well as UES bus routes.

Key Highlights

  • Pre‑built medical space of approximately 1636 RSF adaptable to any medical specialty.
  • Private street entrance within a luxury residential building.
  • Located in Murray Hill between East 36th and East 37th Street.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Pet Grooming Service Locksmith Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

46,936
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Lease Benchmarks for New York, NY

$51.85 /SF/Yr
Avg Asking Price
$21.86–$85.01 /SF/Yr
Price Range
5,596 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office space for lease in Murray Hill, adaptable to specialty.
Where is this medical office space located?
The property is located at 40 Park Avenue New York, NY.
What are key features of this property?
This property features: Pre‑built medical space of approximately 1636 RSF adaptable to any medical specialty.; Private street entrance within a luxury residential building.; Located in Murray Hill between East 36th and East 37th Street.
More about this property
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