Renovated Dental Suite For
8 East 84th Street New York, NY 10028
For Sale
$799,000
Pending
724 SF ground floor dental suite on Upper East Side.
Property Size724 SF
Days on Market656
Property Features for 8 East 84th Street
General Information
- Standard status
- Pending
- Size
- 724 SF
- Property subtype
- Residential
Building Details
- Year Built
- 1955
Listing Agency:
East Side
(212) 836-1075
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Corcoran
Added: Oct 7, 2024
Changed: Jul 10
Last Checked: Jul 24 at 6:42AM
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 East Side
Investment Insights
Based on property information with market context.
Located on the Upper East Side at 8 East 84th Street, the ground floor suite offers 724 square feet of renovated space with a private street entrance. This dental suite includes three operatories, each equipped with wall and ceiling-mounted television monitors. It also features a sterilization room, a lab, an office/consult area, a kitchenette, a restroom, a waiting room, and a reception area. The medical installation is enhanced with granite floors, overhead lighting, a speaker system, and central air conditioning throughout. The building is easily accessible by public transportation, with the 6 train at 86th Street and various Upper East Side bus routes nearby. Its location is proximate to Lenox Hill Hospital and Mount Sinai.
Key Highlights
- Renovated 724 sq ft ground floor dental suite with private street entrance.
- Fully equipped with three operatories, sterilization room, lab, office/consult, kitchenette, restroom, waiting room and reception.
- Features granite floors, overhead lighting, speaker system and central air conditioning.
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 | $37.3k | $51.48 |
| − Vacancy | −$7.0k | −$9.73 |
| EGI | $30.2k | $41.75 |
| − OpEx | −$7.6k | −$10.44 |
| NOI | $22.7k | $31.31 |
724 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$323.9K
$283.4K – $377.8K
NOI $22,670 @ 7.0% cap · market cap 2.84%
Second Best
Healthcare Medical
$308.3K
$269.8K – $359.7K
NOI $21,581 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,150 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
NYC Smile Design
Dental Office
NYC Smile Design: ...
Dental Office
NYC Smile Design: ...
Dental Office
Ramin Tabibzadeh
Dental Office
New York Epoxy ...
General Contractor
Similar Off Market Nearby
- Center for Veterinary Care — 236 E 75th St #2, New York, NY 10021
- Solomon Gene a DVM — 236 E 75th St #2, New York, NY 10021
- Center For Veterinary Care: Walter-Rutter, Amanda K DVM — 236 E 75th St # 2, New York, NY 10021
- Greene Richard w DVM — 236 E 75th St # 2, New York, NY 10021
- Small Door Veterinary - Upper East Side — 1231 3rd Ave, New York, NY 10021
FAQs
What type of property is this?
Medical Office Space - 724 SF ground floor dental suite on Upper East Side.
Where is this medical office space located?
The property is located at 8 East 84th Street New York, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated 724 sq ft ground floor dental suite with private street entrance.; Fully equipped with three operatories, sterilization room, lab, office/consult, kitchenette, restroom, waiting room and reception.; Features granite floors, overhead lighting, speaker system and central air conditioning.
