Ground-Floor Medical Office
For Sale
Contact for pricing
120 East 36th Street, New York, NY 10016
Ground-floor co-op office unit with high ceilings, a reception area, and multiple treatment or office rooms.
Property Size1,000 SF
Price / SF$484
Days on Market191
Property Features for 120 East 36th Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Site & Location
Neighborhood
Midtown Manhattan
Listing Agency:
SERHANT
Listed By:
Bernadette Brennan · License #NY 10301221862
(917) 482-5959
Source:
Crexi
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 30 at 10:38AM
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 SERHANT
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Investment Insights
Based on property information with market context.
Located in a well-maintained pre-war commercial co-op building, this ground-floor unit offers an efficient layout with a welcoming reception area and multiple treatment or office rooms, supported by high ceilings. The configuration is intended to support immediate occupancy or straightforward end-user customization.
Situated in Murray Hill, the property is positioned just steps from Grand Central Terminal. The surrounding mix of residential and professional uses contributes to steady connectivity and walk-in activity.
Offered for sale as part of a commercial co-op, Unit 1C provides a flexible option within a central Manhattan office setting, suitable for a range of professional and medical office operations.
Situated in Murray Hill, the property is positioned just steps from Grand Central Terminal. The surrounding mix of residential and professional uses contributes to steady connectivity and walk-in activity.
Offered for sale as part of a commercial co-op, Unit 1C provides a flexible option within a central Manhattan office setting, suitable for a range of professional and medical office operations.
Key Highlights
- Ground‑floor commercial cooperative unit at 120 East 36th Street, Unit 1C
- High ceilings with an efficient layout designed for office or treatment‑room use
- Reception area plus multiple treatment or office rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,313
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,260
$626.3K
Cap Rate 7%
$447,329
$447.3K
Cap Rate 9%
$347,922
$347.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$51.5K $51.48/SF
− Vacancy
−$9.7K −$9.73/SF
EGI
$41.8K $41.75/SF
− OpEx
−$10.4K −$10.44/SF
NOI
$31.3K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,260
Cap Rate 7%
$447,329
Cap Rate 9%
$347,922
Alternative Uses
Best Use
Office B
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 6.47%
Second Best
Healthcare Medical
$425.8K
$372.6K – $496.8K
NOI $29,808 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,240 @ 7.0% cap · market cap 36.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
82,950
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Ground-floor co-op office unit with high ceilings, a reception area, and multiple treatment or office rooms.
Where is this office unit located?
The property is located at 120 East 36th Street New York, NY.
What is the asking price?
The asking price for this property is $484,000.
What are key features of this property?
This property features: Ground‑floor commercial cooperative unit at 120 East 36th Street, Unit 1C; High ceilings with an efficient layout designed for office or treatment‑room use; Reception area plus multiple treatment or office rooms
