Full-Floor Medical Office
For Sale
$999,999
139 Centre Street #602 602, New York, NY 10013
Commercial condominium with three treatment rooms, consultation offices, and a reception area arranged for medical-dental operations.
Property Size905 SF
Price / SF$1,104
Days on Market54
Property Features for 139 Centre Street #602 602
General Information
Standard status
Active
Size
905 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Tenancy
Single
Listing Agency:
DiTommaso Real Estate
Listed By:
Stephanie X. Zhang · License #30ZH0997890
(718) 667-8000
Source:
Prideestates
Added: Jul 12
Changed: Aug 29
Last Checked: Sep 2 at 3:55AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This 905-square-foot medical office condominium occupies a full floor at 139 Centre Street #602 in New York, NY. The layout includes a reception and patient waiting area, three private exam or treatment rooms, consultation offices, an open treatment area, administrative workstations, file storage, and staff offices. Clinical, administrative, and support areas are arranged separately within the suite.
Multiple windows provide natural light, while high ceilings and bright finishes shape the interior environment. The property is configured for medical-dental use and includes dedicated areas for patient-facing care, staff functions, and office administration.
Multiple windows provide natural light, while high ceilings and bright finishes shape the interior environment. The property is configured for medical-dental use and includes dedicated areas for patient-facing care, staff functions, and office administration.
Key Highlights
- 905 SF full‑floor commercial condominium
- Three private exam or treatment rooms
- Reception and patient waiting area
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
$28,338
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
2.83%
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%
$566,760
$566.8K
Cap Rate 7%
$404,829
$404.8K
Cap Rate 9%
$314,867
$314.9K
Market Conditions
NOI Build-Up for 905 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
$46.6K $51.48/SF
− Vacancy
−$8.8K −$9.73/SF
EGI
$37.8K $41.75/SF
− OpEx
−$9.4K −$10.44/SF
NOI
$28.3K $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%
$566,760
Cap Rate 7%
$404,829
Cap Rate 9%
$314,867
Alternative Uses
Best Use
Office B
$404.8K
$354.2K – $472.3K
NOI $28,338 @ 7.0% cap · market cap 2.83%
Second Best
Healthcare Medical
$385.4K
$337.2K – $449.6K
NOI $26,976 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,687 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
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
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Similar Off Market Nearby
- Biscuits & Bath - Battery Park — 327 S End Ave, New York, NY 10280
- Seaport Animal Hospital — 80 Beekman St, New York, NY 10038
- VetClinic New York — 12 Pike St, New York, NY 10002
- 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 - Commercial condominium with three treatment rooms, consultation offices, and a reception area arranged for medical-dental operations.
Where is this medical office space located?
The property is located at 139 Centre Street #602 602 New York, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 905 SF full‑floor commercial condominium; Three private exam or treatment rooms; Reception and patient waiting area
