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    870 5Th Ave New York, NY 10065

    For Sale
    $1,800,000

    Commercial co-op with Central Park views, customizable for various uses.

    Property size:
    1,800 SF
    Lot size:
    0.46 Acres

    Property Features for 870 5Th Ave

    General Information

    Size
    1,800 SF
    Lot size
    0.46 Acres

    Source: Tri State Commercial Realty Agent Shlomi Bagdadi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fifth Avenue Commercial Co-op Space

    This commercial co-op space, not on the market for over four decades, features five windows overlooking Central Park. Currently configured as a doctor's office, the 1800-square-foot space can be customized to suit various needs, such as a medical facility or a private wealth management firm headquarters. The layout includes a spacious waiting room and a primary meeting room with views of Fifth Avenue, Central Park, and 68th Street. Additional features include a reception area accommodating up to four receptionists, a lab, multiple patient rooms, and a storage room with a separate entrance that can be converted into a private office or an additional patient room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ARCH by Dr. ... Podiatrist Fulbrook Capital Management, ... Investment Service Parcells Plastic Surgery Plastic Surgeon Mary Ann Restivo ... Clothing Store Dina N Anderson ... Dermatologist

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    Bond Vet - Upper East Side at 62nd Street, City Pets, Vanessa Biegen, Kristina Willoughby, The Schwarzman Animal Medical Center

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9684225
    Latitude
    40.7698027

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    FAQs

    What type of property is this?
    Medical office - Commercial co-op with Central Park views, customizable for various uses.
    Where is this medical office located?
    The property is located at 870 5Th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Unparalleled Central Park Views from Five Windows; - Prime Fifth Avenue Location; - Highly Customizable Commercial Co-op Space
    (718) 437-6100
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    870 5Th Ave New York, NY 10065
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    870 5Th Ave New York, NY 10065
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