Medical Office Condo
184 E 70th Street #C2 New York, NY 10021
184 E 70th Street #C2, New York, NY, 10021
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For Sale
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Vacant medical/professional condo suite with elevator access, reception area, multiple offices/exam rooms, and a full kitchen.
Property Size2,200 SF
Price / SF$409.09
Days on Market113
Property Features for 184 E 70th Street #C2
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Office, Special Purpose
Listing agency
Keller Williams NYC
Listed by
Tiffany Jack · License #10401393798
Source
Crexi
Added: Mar 31 Updated: Jul 20 at 4:47PM Checked: Jul 20 at 4:47PM
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 Keller Williams NYC
Investment Insights
Based on property information with market context.
Suite #C2 at 184 E. 70th Street is a medical/professional commercial condo unit within a pristine building and is expected to be vacant beginning July 1, 2026. The approximately 2,200-square-foot layout is configured with three exam rooms or offices, two consultation rooms or additional offices, a generous reception area and waiting room, a full kitchen, and one bathroom. The unit is situated two floors below grade.
Access for the professional offices is separate from the residential entrance of the building and is located immediately next door. Professional office access is provided below grade via convenient elevator access through a protected vestibule.
An in-place medical professional is currently on lease through June 30, 2026. The maximum financing allowed is 80%. Common charges are $2,200 per month, and 2026 taxes are reported as $23,784, to be independently verified. The building is managed by Douglas Elliman Property Management.
Access for the professional offices is separate from the residential entrance of the building and is located immediately next door. Professional office access is provided below grade via convenient elevator access through a protected vestibule.
An in-place medical professional is currently on lease through June 30, 2026. The maximum financing allowed is 80%. Common charges are $2,200 per month, and 2026 taxes are reported as $23,784, to be independently verified. The building is managed by Douglas Elliman Property Management.
Key Highlights
- Medical/professional commercial condo unit #C2 at 184 E. 70th St (corner of 3rd Ave) with approximately 2,200 SF
- Vacant beginning July 1, 2026; in‑place medical professional on lease until June 30, 2026
- Layout includes 3 exam rooms/offices, 2 consultation rooms/additional offices, and a reception/waiting area
Local 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 | $113.3k | $51.48 |
| − Vacancy | −$21.4k | −$9.73 |
| EGI | $91.9k | $41.75 |
| − OpEx | −$23.0k | −$10.44 |
| NOI | $68.9k | $31.31 |
2,200 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$984.1K
$861.1K – $1.15M
NOI $68,888 @ 7.0% cap · market cap 7.65%
Second Best
Healthcare Medical
$936.8K
$819.7K – $1.09M
NOI $65,578 @ 7.0% cap · market cap 7.29%
Theoretical Best
Specialty Retail
$5.48M
$4.79M – $6.39M
NOI $383,328 @ 7.0% cap · market cap 42.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Segal Robert P ...
Physician
Frumkin Nephrology Associates
Physician
Boris B. Ivkov, ...
Physician
John P. Getsos, ...
Geriatric Care Provider
Dr. Doron Z. ...
Physician
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- Kristina Willoughby — 510 E 62nd St, New York, NY 100658314
- TriviumVet — 345 Park Ave, New York, NY 10154
FAQs
What type of property is this?
Medical Office Space - Vacant medical/professional condo suite with elevator access, reception area, multiple offices/exam rooms, and a full kitchen.
Where is this medical office space located?
The property is located at 184 E 70th Street #C2 New York, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Medical/professional commercial condo unit #C2 at 184 E. 70th St (corner of 3rd Ave) with approximately 2,200 SF; Vacant beginning July 1, 2026; in‑place medical professional on lease until June 30, 2026; Layout includes 3 exam rooms/offices, 2 consultation rooms/additional offices, and a reception/waiting area
