South-Facing Medical Office
For Sale
$649,000
333 E 34 St 1K, New York, NY 10016
South-facing, ground-level medical office condo with waiting area, multiple offices, and a full bath.
Property Size895 SF
Price / SF$725.14
Days on Market111
Property Features for 333 E 34 St 1K
General Information
Standard status
Active
Size
895 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,713
Building Details
Building Size
895 SF
Listing Agency:
Joseph Barretta Realtor
Listed By:
Joseph C. Barretta · License #NY 10491202143
(718) 208-7011
Source:
Elliman
Added: Jul 4
Changed: Oct 15
Last Checked: Oct 20 at 10:23PM
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 Joseph Barretta Realtor
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Investment Insights
Based on property information with market context.
This commercial medical office condo is located within the Exclusive Devon Condominium and offers 895 square feet on the ground level (1st floor). The suite is very sunny and south-facing, and it is configured with a waiting room, a kitchen/receptionist area, three offices, and one full bath, plus closets.
The building is described as being in the heart of Murray Hill with very convenient access to subway and bus service, including cross-town buses. The remarks also cite access to the Midtown Tunnel and Sea Streak Ferry, along with nearby NYU Langone and surrounding restaurants and shopping.
The interior layout supports professional office use, with a dedicated reception/waiting entry sequence and separate enclosed offices for day-to-day appointments and administration.
The building is described as being in the heart of Murray Hill with very convenient access to subway and bus service, including cross-town buses. The remarks also cite access to the Midtown Tunnel and Sea Streak Ferry, along with nearby NYU Langone and surrounding restaurants and shopping.
The interior layout supports professional office use, with a dedicated reception/waiting entry sequence and separate enclosed offices for day-to-day appointments and administration.
Key Highlights
- 895 SF ground‑level, 1st‑floor commercial medical office condo in the Exclusive Devon Condominium
- South‑facing suite with waiting room and receptionist/kitchen area
- Includes 3 offices plus 1 full bath 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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32,374
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - South-facing, ground-level medical office condo with waiting area, multiple offices, and a full bath.
Where is this medical office space located?
The property is located at 333 E 34 St 1K 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 commercial medical office condo in the Exclusive Devon Condominium; South‑facing suite with waiting room and receptionist/kitchen area; Includes 3 offices plus 1 full bath and closets
