Medical Office with 4 Exam
For Sale
$1,850,000
128 Mott Street 301, New York, NY 10013
The layout combines patient reception and waiting space with dedicated examination and office rooms.
Property Size2,459 SF
Price / SF$752.34
Days on Market10
Property Features for 128 Mott Street 301
General Information
Standard status
Active
Size
2,459 SF
Zoning
C6-2G
Site & Location
Neighborhood
Little Italy
Public Transit
Yes
Additional Details
Condition
Move-in Ready
HOA Fee
$1,476
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$23,808
Amenities
handicap access
concierge service
Tile
3
7
No
Public
2459
Building Details
Building Size
2,459 SF
Year Built
1912
Stories
7
Listing Agency:
United Real Estate Fortune
(516) 703-2918
Listed By:
Craig May
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 30
Last Checked: Oct 28 at 3:28PM
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
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Investment Insights
Based on property information with market context.
This 2,459-square-foot medical office at 128 Mott Street includes a reception and waiting area, four examination rooms, additional office rooms, and one bathroom. The unit is in a building constructed in 1912, with handicap access and concierge service.
Subway service on the B, D, J, M, Z, 6, Q, N, and W lines is nearby. The property is zoned C6-2G.
Subway service on the B, D, J, M, Z, 6, Q, N, and W lines is nearby. The property is zoned C6-2G.
Key Highlights
- 2,459‑square‑foot medical office unit
- Four examination rooms, reception and waiting area, office rooms, and one bathroom
- Building constructed in 1912
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,998
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33,012
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
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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 - The layout combines patient reception and waiting space with dedicated examination and office rooms.
Where is this medical office space located?
The property is located at 128 Mott Street 301 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: 2,459‑square‑foot medical office unit; Four examination rooms, reception and waiting area, office rooms, and one bathroom; Building constructed in 1912
