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Upper East Side Medical Office

21 E 79th St, New York, NY

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For Sale

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Medical office in pre-war co-op building on Upper East Side.

Type:OFFICE

Property size:

1,300 SF

Lot size:

0.16 Acres

Price / SF:

$576/SF

HighLights

Prime Upper East Side location between Fifth and Madison Avenues.
Private street entrance on 79th Street.
Adaptable 1,300 SF layout suitable for any medical specialty.
Located within a luxury pre‑war co‑op building.
Proximity to Lenox Hill Hospital and Mount Sinai.
Easily accessible by multiple subway lines (4, 5, 6, N, Q, R) and bus routes.

We can help!

Listing Contact

Paul L Wexler

For Sale

Contact for pricing

Medical office in pre-war co-op building on Upper East Side.

Type:OFFICE

Property size:

1,300 SF

Lot size:

0.16 Acres

Price / SF:

$576/SF

Added:: Dec 16, 2024
Days on Market:: 540
Last Refresh:: May 20 at 9:52 pm

Property Features for 21 E 79th St

General Information

Standard status: Active
Size: 1,300 SF
Lot size: 0.16 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Paul L Wexler

Listing agent Paul L Wexler License #30WE0902877

Listing office The Corcoran Group | East Side

Listing date Dec 16, 2024

Source Moodyscre

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 The Corcoran Group | East Side

HighLights

Prime Upper East Side location between Fifth and Madison Avenues.
Private street entrance on 79th Street.
Adaptable 1,300 SF layout suitable for any medical specialty.
Located within a luxury pre‑war co‑op building.
Proximity to Lenox Hill Hospital and Mount Sinai.
Easily accessible by multiple subway lines (4, 5, 6, N, Q, R) and bus routes.

Overview

Located on the Upper East Side between Fifth and Madison Avenue, 23 East 79th Street is a ground floor medical office available for sale. The office features a private street entrance on 79th Street and is situated inside a luxury pre-war co-op building. The layout of the approximately 1,300 square foot space includes a waiting room, reception area, three exam rooms, an office/consult, two restrooms (one with a shower located in the office/consult), an IT closet, and a foyer. This space is adaptable to any medical specialty. The building is proximate to Lenox Hill Hospital and Mount Sinai. 23 East 79th Street is easily accessible by public transportation via the 4, 5, 6, N, Q and R trains at 86th St as well as Upper East Side bus routes.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.9k	$51.48
− Vacancy	−$12.6k	−$9.73
EGI	$54.3k	$41.75
− OpEx	−$13.6k	−$10.44
NOI	$40.7k	$31.31

1,300 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$581.5K

$508.8K – $678.5K (±1% cap)

NOI $40,707 @ 7.0% cap · market cap 5.43%

Second Best

Healthcare Medical

$553.6K

$484.4K – $645.8K (±1% cap)

NOI $38,750 @ 7.0% cap · market cap 5.17%

Theoretical Best

Specialty Retail

$3.24M

$2.83M – $3.78M (±1% cap)

NOI $226,512 @ 7.0% cap · market cap 30.20%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Barbara Israel Garden ... Home Decor Store Garden Traditions Home Decor Store

Suggested Use

Location Insight

Map
Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9626
Latitude: 40.7767

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What type of property is this?

Medical Office Space - Medical office in pre-war co-op building on Upper East Side.

Where is this medical office space located?

The property is located at 21 E 79th St New York, NY.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Prime Upper East Side location between Fifth and Madison Avenues.; Private street entrance on 79th Street.; Adaptable 1,300 SF layout suitable for any medical specialty.

21 E 79th St, New York, NY

Medical office in pre-war co-op building on Upper East Side.

Property Features for 21 E 79th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical/Dental Condo Ready

Manhattan Commercial Condo For Sale

Chinatown Office Space Opportunity

Chinatown Office Space Opportunity

Established Medical-Dental Practice Condo

Prime Commercial Storefront in Manhattan

Bushwick Multi-Family Investment Opportunity

Morningside Gold Coast Brownstone

Morris Park Detached Brick Tudor

Two-to-Four Unit Residential Property

Mixed-Use Building with Retail and Loft

Chelsea Commercial Condo Fourth Floor

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