Downtown Manhattan Medical Office Space

89 Bowery, New York, NY 10002

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For Sale

$2,090,000

Prime medical office space in Downtown Manhattan, customizable layout.

Property size:

3,000 SF

Price / SF:

$696/SF

HighLights

Prime medical office space in Downtown Manhattan.
Strategic location off Canal Street on Bowery Avenue.
3000+- sqft. with modern, airy design and natural light.
Convenient amenities: private bathrooms and elevator access.
Surrounded by retail giants, major banks, and hotels.
Flexible layout customization for diverse business needs.

We can help!

Contact an agent

Fanny Lu

Learn more

For Sale

$2,090,000

Prime medical office space in Downtown Manhattan, customizable layout.

Property size:

3,000 SF

Price / SF:

$696/SF

Added:: Mar 3, 2025
Days on Market:: 491
Last Refresh:: Jun 30 at 7:08 am

Property Features for 89 Bowery

General Information

Standard status: Active
Size: 3,000 SF

We can help!

Contact an agent

Fanny Lu

Listing office Americana Realty Group LLC

Listing date Mar 3, 2025

Source Exprealty

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 Americana Realty Group LLC

HighLights

Prime medical office space in Downtown Manhattan.
Strategic location off Canal Street on Bowery Avenue.
3000+- sqft. with modern, airy design and natural light.
Convenient amenities: private bathrooms and elevator access.
Surrounded by retail giants, major banks, and hotels.
Flexible layout customization for diverse business needs.

Overview

This commercial property offers approximately 3000 square feet of space suitable for medical offices. Located in Downtown Manhattan, just off Canal Street on Bowery Avenue, the property benefits from its proximity to a mix of retail businesses, including Starbucks, Nike, and Whole Foods, as well as major banks and hotels. The space features a modern design with natural light, private bathrooms, and elevator access. The layout is customizable, offering the flexibility to create an open-concept workspace or private offices. The property's zoning regulations and location offer potential for various businesses.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$198.0k	$66.00
− Vacancy	−$15.8k	−$5.28
EGI	$182.2k	$60.72
− OpEx	−$72.9k	−$24.29
NOI	$109.3k	$36.43

3,000 SF · lease $66.00/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$1.56M

$1.37M – $1.82M (±1% cap)

NOI $109,296 @ 7.0% cap · market cap 5.23%

Second Best

Office B

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,139 @ 7.0% cap · market cap 4.60%

Theoretical Best

Specialty Retail

$7.47M

$6.53M – $8.71M (±1% cap)

NOI $522,720 @ 7.0% cap · market cap 25.01%

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

Location Intelligence

Current Use by Public Records

Kong Man Center ... (Bike/Boat/Book/etc) Store Dr. Nancy Ma Dental Office Dr. Christopher Wong ... Dental Office 18 Pharmacy Inc Pharmacy Chaung Frank DDS Dental Office

Suggested Use

Similar Places Nearby

Eye Care For Animals NYC — 146 Reade St, New York, NY 10013
VetClinic New York — 12 Pike St, New York, NY 10002
Bond Vet - Financial District — 2 Gold St, Manhattan, NY 10038
CurePet — Trump Bldg, 40 Wall St, New York, NY 10005
Seaport Animal Hospital — 80 Beekman St, New York, NY 10038

Location Insight

Map
Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9953
Latitude: 40.717

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What type of property is this?

Medical Office Space - Prime medical office space in Downtown Manhattan, customizable layout.

Where is this medical office space located?

The property is located at 89 Bowery New York, NY.

What is the asking price?

The asking price for this property is $2,090,000.

What are key features of this property?

This property features: Prime medical office space in Downtown Manhattan.; Strategic location off Canal Street on Bowery Avenue.; **3000+- sqft. with modern, airy design and natural light.**