Medical Office Condo
1k-333 E 34th St New York, NY 10016
1k-333 E 34th St, New York, NY, 10016
$649,000
For Sale
$649,000
South-facing medical suite with waiting room, receptionist area, three offices, and a full bath within a condo setting.
Property Size895 SF
Price / SF$725.14
Days on Market25
Property Features for 1k-333 E 34th St
General Information
- Standard status
- Active
- Size
- 895 SF
Listing agency
Keller Williams Rlty Landmark
(917) 251-4499
Listed by
Deirdre A. Folan
(917) 251-4499
Source
Exprealty
Added: Jun 29 Updated: Jul 22 at 1:40PM Checked: Jul 22 at 1:40PM
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 Rlty Landmark
Investment Insights
Based on property information with market context.
This commercial medical office condo features 895 square feet on the ground level/first floor within the Exclusive Devon Condominium. The suite is south-facing and includes a waiting room, a combined KIT/receptionist area, three private offices, and one full bathroom with closets.
Conveniently located near 34th Street, the property provides access to subway and bus service, including cross-town buses. Additional nearby connections referenced in the remarks include the Midtown Tunnel and the Sea Streak Ferry, with NYU Langone, restaurants, and shopping in the surrounding area.
Conveniently located near 34th Street, the property provides access to subway and bus service, including cross-town buses. Additional nearby connections referenced in the remarks include the Midtown Tunnel and the Sea Streak Ferry, with NYU Langone, restaurants, and shopping in the surrounding area.
Key Highlights
- 895 SF ground‑level (1st floor) medical office condo suite in the Devon Condominium
- South‑facing suite with very sunny exposure
- Layout includes waiting room, receptionist/kitchen area, and three offices
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 | $46.1k | $51.48 |
| − Vacancy | −$8.7k | −$9.73 |
| EGI | $37.4k | $41.75 |
| − OpEx | −$9.3k | −$10.44 |
| NOI | $28.0k | $31.31 |
895 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$400.4K
$350.3K – $467.1K
NOI $28,025 @ 7.0% cap · market cap 4.32%
Second Best
Healthcare Medical
$381.1K
$333.5K – $444.6K
NOI $26,678 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $155,945 @ 7.0% cap · market cap 24.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Giacalone Douglas DVM — 37 E 19th St, New York, NY 10003
- Bond Vet - Chelsea — 555 6th Ave, Manhattan, NY 10011
- Gramercy Park Animal Hospital — 37 E 19th St, New York, NY 10003
- Rubin Dale DVM — 37 E 19th St, New York, NY 10003
- Feibusch Karen DVM — 37 E 19th St, New York, NY 10003
FAQs
What type of property is this?
Medical Office Space - South-facing medical suite with waiting room, receptionist area, three offices, and a full bath within a condo setting.
Where is this medical office space located?
The property is located at 1k-333 E 34th St New York, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 895 SF ground‑level (1st floor) medical office condo suite in the Devon Condominium; South‑facing suite with very sunny exposure; Layout includes waiting room, receptionist/kitchen area, and three offices
