Ground-Floor Medical Office
120 East 36th Street New York, NY 10016
For Sale
Contact for pricing
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 Market92
Property Features for 120 East 36th Street
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Office
Listing Agency:
SERHANT
(646) 480-7665
Listed By:
Bernadette Brennan · License #NY 10301221862
Source:
Crexi
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 23 at 5:35PM
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
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 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
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Stephanie Cruz
Physician
Gussaroff Ellen
Physician
Axiotis Constantine MD
Physician
Lai Hong T ...
Dental Office
Persian Rug Care
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - Ground-floor co-op office unit with high ceilings, a reception area, and multiple treatment or office rooms.
Where is this office units 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
