Medical Office Condo
333 E 34 Street 1K New York Manhattan, NY 10016
For Sale
Contact for pricing
Sunny, south-facing ground-floor suite with waiting area, kitchenette/reception space, three offices, and a full bath.
Property Size895 SF
Price / SF$725.14
Days on Market25
Property Features for 333 E 34 Street 1K New York
General Information
- Standard status
- Active
- Size
- 895 SF
- Property subtype
- Office
Listing Agency:
Metro Net Realty LLC
Listed By:
Deirdre Folan · License #10301200720
Source:
Crexi
Added: Jun 30
Changed: Jul 23
Last Checked: Jul 23 at 2:54PM
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 Metro Net Realty LLC
Investment Insights
Based on property information with market context.
Commercial medical office use condo suite located in the exclusive Devon Condominium. The unit features approximately 895 square feet and is configured on the ground level/first floor.
Inside, the layout includes a waiting room, a KIT/receptionist area, three offices, and one full bathroom with closets.
The suite is described as very sunny and south-facing. The property is positioned on E 34 Street with convenient access to subway and bus service, and it is also noted to be near Midtown Tunnel and Sea Streak Ferry, with proximity to NYU Langone, restaurants, and shopping.
Inside, the layout includes a waiting room, a KIT/receptionist area, three offices, and one full bathroom with closets.
The suite is described as very sunny and south-facing. The property is positioned on E 34 Street with convenient access to subway and bus service, and it is also noted to be near Midtown Tunnel and Sea Streak Ferry, with proximity to NYU Langone, restaurants, and shopping.
Key Highlights
- Commercial medical office condo in the Exclusive Devon Condominium
- 895 SF ground level, 1st floor suite with south‑facing exposure
- Includes waiting room, kitchenette/receptionist area, and 3 offices
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 Off Market Nearby
- Battery Park Veterinary Hospital — 21 S End Ave Ground Floor, New York, NY 10280
- New York Veterinary Practice — 71 Broadway, New York, NY 10006
- Vinegar Hill Veterinary Group — 10 Columbia Pl, Brooklyn, NY 11201
- Holistic Vet, Dr. Marcie Fallek, DVM, CVA — TRS, 40 Exchange Pl 3rd floor, New York, NY 10005
- Brooklyn Heights Veterinary Group — 10 Columbia Pl, Brooklyn, NY 11201
FAQs
What type of property is this?
Medical Office Space - Sunny, south-facing ground-floor suite with waiting area, kitchenette/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 Manhattan, 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: Commercial medical office condo in the Exclusive Devon Condominium; 895 SF ground level, 1st floor suite with south‑facing exposure; Includes waiting room, kitchenette/receptionist area, and 3 offices
