Medical Office Condo
For Sale
$649,000
333 E 34 Street 1k New York, Manhattan, NY 10016
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 Market116
Property Features for 333 E 34 Street 1k New York
General Information
Standard status
Active
Size
895 SF
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Deirdre A. Folan · License #10301200720
(718) 475-2724
Source:
Realtyconnectusa
Added: Jul 3
Changed: Oct 25
Last Checked: Oct 7 at 3:33PM
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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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
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
23,343
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
- Vinegar Hill Veterinary Group — 10 Columbia Pl, Brooklyn, NY 11201
- Brooklyn Heights 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
- Battery Park Veterinary Hospital — 21 S End Ave Ground Floor, New York, NY 10280
- New York Veterinary Practice — 71 Broadway, New York, NY 10006
Frequently Asked Questions
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
