Medical Condo Office in Murray
333 East 34th Street New York, NY 10016
For Sale
$1,185,000
Turnkey medical office condo in full-service building, Murray Hill.
Property Size1,185 SF
Price / SF$1,000
Days on Market1081
Property Features for 333 East 34th Street
General Information
- Standard status
- Active
- Size
- 1,185 SF
- Property subtype
- Residential
Building Details
- Year Built
- 1961
Listing Agency:
East Side
(212) 836-1075
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Corcoran
Added: Aug 10, 2023
Changed: Jul 6
Last Checked: Jul 25 at 6:10AM
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 in Murray Hill, 333 East 34th Street, Suite 1L is a medical condominium office available for sale. The office is situated inside a full-service residential building with a 24-hour doorman, located between First and Second Avenue. The layout features approximately 1,185 square feet, including a waiting room, three exam rooms, an office/consult, a file and admin office, a nurses' station, two restrooms, a kitchenette, and a reception area. This turnkey medical office is adaptable to any medical specialty. The building is centrally located between Lenox Hill and Mount Sinai Beth Israel hospitals. It is easily accessible by public transportation via the E, M, and 6 trains, crosstown bus routes, and the FDR. Real estate taxes are $22,910 per year, and common charges are $983 per month.
Key Highlights
- Turnkey medical condominium office adaptable to any medical specialty.
- Prime Murray Hill location between Lenox Hill and Mount Sinai Beth Israel hospitals.
- Located in a full‑service residential building with a 24‑hour doorman.
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 | $61.0k | $51.48 |
| − Vacancy | −$11.5k | −$9.73 |
| EGI | $49.5k | $41.75 |
| − OpEx | −$12.4k | −$10.44 |
| NOI | $37.1k | $31.31 |
1,185 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$530.1K
$463.8K – $618.4K
NOI $37,106 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$504.6K
$441.5K – $588.7K
NOI $35,322 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,474 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Court B. ...
Physician
Bruce G Valauri ...
Dental Office
Malkin MD PC ...
Physician
Smith Matthew MD
Physician
Dr. David S. ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Turnkey medical office condo in full-service building, Murray Hill.
Where is this medical office space located?
The property is located at 333 East 34th Street New York, NY.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Turnkey medical condominium office adaptable to any medical specialty.; Prime Murray Hill location between Lenox Hill and Mount Sinai Beth Israel hospitals.; Located in a full‑service residential building with a 24‑hour doorman.
