Medical Office Condo with Three
For Sale
$649,000
333 E 34 Street #1K New York, New York, NY 10016
The suite has a waiting area, reception space, three offices, and a full bath.
Property Size895 SF
Price / SF$725.14
Days on Market119
Property Features for 333 E 34 Street #1K New York
General Information
Standard status
Active
Size
895 SF
Property subtype
Commercial
Site & Location
Neighborhood
Midtown Manhattan
Public Transit
Yes
Additional Details
Floor
1
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$17,713
Building Details
Building Size
895 SF
Listing Agency:
Keller Williams Rlty Landmark
(718) 475-2700
Listed By:
Deirdre A. Folan · License #10301200720
(917) 251-4499
Source:
Croninreale
Added: Jun 29
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 895-square-foot medical office condominium occupies the ground-level first floor of Devon Condominium. Its south-facing layout includes a waiting room, reception area, three offices, one full bathroom, and closets.
At 333 E 34 Street, the property is near subway and bus service, including crosstown buses. The Midtown Tunnel, SeaStreak Ferry, NYU Langone, restaurants, and shopping are also accessible from the area.
At 333 E 34 Street, the property is near subway and bus service, including crosstown buses. The Midtown Tunnel, SeaStreak Ferry, NYU Langone, restaurants, and shopping are also accessible from the area.
Key Highlights
- 895‑square‑foot medical office condominium on the ground‑level first floor
- South‑facing suite with a waiting room and reception area
- Three offices, one full bathroom, and closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,025
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,500
$560.5K
Cap Rate 7%
$400,357
$400.4K
Cap Rate 9%
$311,389
$311.4K
Market Conditions
NOI Build-Up for 895 SF
Gross rent
$46.1K $51.48/SF
− Vacancy
−$8.7K −$9.73/SF
EGI
$37.4K $41.75/SF
− OpEx
−$9.3K −$10.44/SF
NOI
$28.0K $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%
$560,500
Cap Rate 7%
$400,357
Cap Rate 9%
$311,389
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
46,936
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- East Meets West Veterinary — New York, NY 10003
- Bond Vet - East Village — 282 1st Ave., Manhattan, NY 10009
- First Avenue Veterinary Hospital — 335 1st Ave., New York, NY 10003
- Petco Vaccination Clinic — 44 Union Square E, New York, NY 10003
- Petco Vaccination Clinic — 860 Broadway, New York, NY 10003
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite has a waiting area, reception space, three offices, and a full bath.
Where is this medical office space located?
The property is located at 333 E 34 Street #1K New York 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‑square‑foot medical office condominium on the ground‑level first floor; South‑facing suite with a waiting room and reception area; Three offices, one full bathroom, and closets
