Medical/Professional Office Condo For
For Sale
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333 E 34th St, New York, NY 10016
Medical/professional condominium office space in Murray Hill for sale.
Property Size601 SF
Price / SF$798.67
Days on Market1198
Property Features for 333 E 34th St
General Information
Standard status
Active
Size
601 SF
Property subtype
Office
Listing Agency:
Wexler Health Care Properties Team
Listed By:
Paul Wexler · License #NY 30WE0902877
(212) 836-1075
Source:
Crexi
Added: Jun 29, 2023
Changed: Oct 3
Last Checked: Oct 7 at 10:03AM
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 Wexler Health Care Properties Team
Investment Insights
Based on property information with market context.
Located in Murray Hill, 333 East 34th Street, Suite 1D is a 601 square foot medical/professional condominium office space available for sale. Situated on the ground floor of a full-service residential building with a 24-hour doorman, this suite is located between First and Second Avenue. The layout includes two rooms suitable for offices or exam rooms, a staff kitchen, and two additional adjoining spaces ideal for a waiting area or private office. The office is adaptable to any medical specialty. The location provides convenient access to public transportation via the E, M, and 6 trains, crosstown bus routes, and the FDR. The building is centrally located between Lenox Hill and Mount Sinai Beth Israel hospitals. The common charges are $406 per month, and the real estate taxes are $10,923 per year. Financing is available with a 90% maximum.
Key Highlights
- Medical/Professional condominium office space in Murray Hill.
- Ground‑floor suite of approximately 601 square feet with adaptable layout.
- Located in a full‑service residential building with a 24‑hour doorman.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,819
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,380
$376.4K
Cap Rate 7%
$268,843
$268.8K
Cap Rate 9%
$209,100
$209.1K
Market Conditions
NOI Build-Up for 601 SF
Gross rent
$30.9K $51.48/SF
− Vacancy
−$5.8K −$9.73/SF
EGI
$25.1K $41.75/SF
− OpEx
−$6.3K −$10.44/SF
NOI
$18.8K $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%
$376,380
Cap Rate 7%
$268,843
Cap Rate 9%
$209,100
Alternative Uses
Best Use
Office B
$268.8K
$235.2K – $313.7K
NOI $18,819 @ 7.0% cap · market cap 3.92%
Second Best
Healthcare Medical
$255.9K
$223.9K – $298.6K
NOI $17,915 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,718 @ 7.0% cap · market cap 21.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
32,374
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical/professional condominium office space in Murray Hill for sale.
Where is this medical office space located?
The property is located at 333 E 34th St New York, NY.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Medical/Professional condominium office space in Murray Hill.; Ground‑floor suite of approximately 601 square feet with adaptable layout.; Located in a full‑service residential building with a 24‑hour doorman.
