Medical Office
For Sale
$1,850,000
128 Mott Street #301 New York, New York, NY 10013
Configured for medical use with reception, examination rooms, offices, and accessible building entry.
Property Size2,459 SF
Days on Market175
Property Features for 128 Mott Street #301 New York
General Information
Standard status
Active
Size
2,459 SF
Property subtype
Commercial
Zoning
C6-2G
Additional Details
HOA Fee
$1,476
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$23,808
Amenities
handicap access
concierge service
Building Details
Building Size
2,459 SF
Year Built
1912
Stories
7
Listing Agency:
United Real Estate Fortune
(646) 750-8970
Listed By:
Le Quan · License #10401318524
(646) 750-8970
Source:
Cornerstonemyhome
Added: Mar 10
Changed: Aug 27
Last Checked: Aug 28 at 11:31AM
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 United Real Estate Fortune
Investment Insights
Based on property information with market context.
Medical office space at 128 Mott Street, Suite 301, arranged with a generous reception and waiting area, 4 examination rooms, additional office rooms, and 1 bathroom. The office is within a building constructed in 1912 and carries C6-2G zoning.
Building services include handicap access and concierge service. The property is near B, D, J, M, Z, 6, Q, N, and W subway lines, providing access to multiple subway routes in Manhattan.
Building services include handicap access and concierge service. The property is near B, D, J, M, Z, 6, Q, N, and W subway lines, providing access to multiple subway routes in Manhattan.
Key Highlights
- 4 examination rooms plus additional office rooms
- Large reception and waiting area
- C6‑2G zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,998
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,539,960
$1.5M
Cap Rate 7%
$1,099,971
$1.1M
Cap Rate 9%
$855,533
$855.5K
Market Conditions
NOI Build-Up for 2,459 SF
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.
Gross rent
$126.6K $51.48/SF
− Vacancy
−$23.9K −$9.73/SF
EGI
$102.7K $41.75/SF
− OpEx
−$25.7K −$10.44/SF
NOI
$77.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,539,960
Cap Rate 7%
$1,099,971
Cap Rate 9%
$855,533
Alternative Uses
Best Use
Office B
$1.10M
$962.5K – $1.28M
NOI $76,998 @ 7.0% cap · market cap 4.16%
Second Best
Healthcare Medical
$1.05M
$916.2K – $1.22M
NOI $73,298 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$6.12M
$5.36M – $7.14M
NOI $428,456 @ 7.0% cap · market cap 23.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31,868
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10013, NY
31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- URvet Care Tribeca — 200 Chambers St, New York, NY 10007
- Eye Care For Animals NYC — 146 Reade St, New York, NY 10013
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical use with reception, examination rooms, offices, and accessible building entry.
Where is this medical office space located?
The property is located at 128 Mott Street #301 New York New York, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 4 examination rooms plus additional office rooms; Large reception and waiting area; C6‑2G zoning
