Renovated Dental Suite For
For Sale
$799,000
Pending
8 East 84th Street, New York, NY 10028
724 SF ground floor dental suite on Upper East Side.
Property Size724 SF
Days on Market746
Property Features for 8 East 84th Street
General Information
Standard status
Pending
Size
724 SF
Property subtype
Residential
Amenities
Central air
Excellent light
Pet friendly
Doorman
Elevator
Building Details
Year Built
1955
Units
160
Listing Agency:
East Side
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Corcoran
Added: Oct 7, 2024
Changed: Oct 16
Last Checked: Oct 20 at 9:14PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$22,670
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,400
$453.4K
Cap Rate 7%
$323,857
$323.9K
Cap Rate 9%
$251,889
$251.9K
Market Conditions
NOI Build-Up for 724 SF
Gross rent
$37.3K $51.48/SF
− Vacancy
−$7.0K −$9.73/SF
EGI
$30.2K $41.75/SF
− OpEx
−$7.6K −$10.44/SF
NOI
$22.7K $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%
$453,400
Cap Rate 7%
$323,857
Cap Rate 9%
$251,889
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
15,795
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
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.
