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Upper East Side Medical Cooperative
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885 Park Ave, New York, NY

2,100 SF vacant medical cooperative unit on Park Avenue.

Property Size2,100 SF
Lot Size0.38 Acres
Days on Market852

Property Features for 885 Park Ave

General Information

Standard status Active
Size 2,100 SF
Lot size 0.38 Acres
Property subtype OFFICE
Listing Agency: Meridian Capital Group
Listed By: Brian Gladstone
Source: Moodyscre
Added: Apr 23, 2024 Changed: Aug 10 Last Checked: Aug 21 at 1:47PM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

Located at 885 Park Avenue, at the northeast intersection of Park Avenue and East 78th Street, this 2,100 square foot vacant medical cooperative unit is situated in one of Manhattan's premier ultra-luxury doorman buildings on the Upper East Side, just two blocks from Central Park. The neo-Jacobean building, designed by renowned architect Schwartz & Gross and developed by Jatison Construction Company, was constructed from 1926-1927. Unit #1C features six south-facing windows overlooking 78th Street, a spacious waiting room, and a large reception area that can accommodate five employees. It includes three exam rooms, each equipped with sinks and built-in storage, a separate recovery room, and two private restrooms. The premises holds a certificate of accreditation for meeting the standards of a Class C-M ambulatory surgery facility, allowing for the use of general anesthesia. Delivered vacant, the unit is ideal for a medical office or related professional use. The location offers proximity to top-rated hospitals, including Lenox Hill Hospital, Memorial Sloan Kettering Cancer Center, Hospital for Special Surgery, and New York Presbyterian. The frontage on both streets provides excellent foot traffic and visibility. The distinguished area offers proximity to renowned schools, shopping, restaurants, and public transportation.

Key Highlights

  • Vacant 2,100 sq ft medical cooperative unit in a premier Upper East Side doorman building (885 Park Avenue).
  • Certificate of Accreditation for Class C‑M Ambulatory Surgery Facility allowing general anesthesia.
  • Prime location near top‑rated hospitals (Lenox Hill, Memorial Sloan Kettering, Hospital for Special Surgery, NY Presbyterian).

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Auto Repair Shop Daycare Center Nursing Home Barber Shop Accounting Firm Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

30,992
Businesses Nearby
Under-served
Demand for This Use

Market

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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - 2,100 SF vacant medical cooperative unit on Park Avenue.
Where is this medical office space located?
The property is located at 885 Park Ave New York, NY.
What are key features of this property?
This property features: Vacant 2,100 sq ft medical cooperative unit in a premier Upper East Side doorman building (885 Park Avenue).; Certificate of Accreditation for Class C‑M Ambulatory Surgery Facility allowing general anesthesia.; Prime location near top‑rated hospitals (Lenox Hill, Memorial Sloan Kettering, Hospital for Special Surgery, NY Presbyterian).
(212) 468-5909 Call to check price and availability
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