South-Facing Medical Office
333 E 34 St 1K New York, NY 10016
For Sale
$649,000
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 Market20
Property Features for 333 E 34 St 1K
General Information
- Standard status
- Active
- Size
- 895 SF
- Property subtype
- Commercial
Listing Agency:
Keller Williams Realty Landmark
(646) 224-1154
Listed By:
Joseph C. Barretta
(646) 224-1154
Source:
Elliman
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 3:48AM
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 Realty Landmark
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 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
Dr. Court B. ...
Physician
Bruce G Valauri ...
Dental Office
Malkin MD PC ...
Physician
Smith Matthew MD
Physician
Dr. David S. ...
Physician
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- Small Door Veterinary - Gramercy — 380 2nd Ave, New York, NY 10010
- First Avenue Veterinary Hospital — 335 1st Ave., New York, NY 10003
FAQs
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
