Flexible Dental Office
340 E 72ND ST Unit 340 New York, NY 10021
For Sale
$499,000
Approximately 800 sq ft north-facing dental office with two separate entrances in a co-op building.
Property Size800 SF
Price / SF$623.75
Days on Market235
Property Features for 340 E 72ND ST Unit 340
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1930
Listing Agency:
Berkshire Hathaway HomeServices New York Properties
(212) 710-1900
Listed By:
Anique Christie-Wallace
(347) 443-4798
Source:
Xome
Added: Dec 1, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:33AM
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 Berkshire Hathaway HomeServices New York Properties
Investment Insights
Based on property information with market context.
This flexible co-op unit is currently configured as an approximately 800 sq ft dental office with north-facing exposure. It features two separate entrances: a private street-level entrance for clients and a second entrance through the building lobby, supporting both professional and live-work possibilities. The co-op board will consider keeping the space as-is for dental use, other professional uses, a live/work combination, or a full residential conversion. Two contractor estimates are available upon request, or buyers may bring their own team, with feasibility confirmed through appropriate professionals and approvals.
The building offers 24/7 doorman service, a live-in resident manager, a newly updated fitness center, a landscaped rear courtyard garden, a bike room, private storage, and a laundry room. The neighborhood is well served by public transportation, including Q and 6 trains, M72 crosstown, and M15-SBS.
Buyers should complete their own due diligence regarding feasibility and any required Certificate of Occupancy changes. The board is generally supportive of well-planned conversions that meet building requirements, and the purchase may be subject to up to 50% financing and a 2% flip tax paid by the buyer.
The building offers 24/7 doorman service, a live-in resident manager, a newly updated fitness center, a landscaped rear courtyard garden, a bike room, private storage, and a laundry room. The neighborhood is well served by public transportation, including Q and 6 trains, M72 crosstown, and M15-SBS.
Buyers should complete their own due diligence regarding feasibility and any required Certificate of Occupancy changes. The board is generally supportive of well-planned conversions that meet building requirements, and the purchase may be subject to up to 50% financing and a 2% flip tax paid by the buyer.
Key Highlights
- Approx 800 sq ft north‑facing dental office currently configured for professional use
- Two separate entrances: private street‑level entry for clients and a second entrance through the building lobby
- Co‑op board consideration includes keeping as‑is, other professional uses, live/work, or full residential conversion
Financial Insights For Mixed Use
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 | $48.0k | $60.00 |
| − Vacancy | −$7.2k | −$9.00 |
| EGI | $40.8k | $51.00 |
| − OpEx | −$15.3k | −$19.13 |
| NOI | $25.5k | $31.88 |
800 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$364.3K
$318.8K – $425.0K
NOI $25,500 @ 7.0% cap · market cap 5.11%
Second Best
Office B
$357.9K
$313.1K – $417.5K
NOI $25,050 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 27.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Richard L. Rubens, ...
Physician
Flint Security New ...
Security Service
NYC Sleep Dental
Medical Clinic
Susie Flax
Professional Services
Low Key, Inc.
Marketing & Advertising
Similar Off Market Nearby
- Hudson Animal Hospital — 238 W 61st St, New York, NY 10023
- VetCierge Veterinary House Calls — 515 W 59th St, New York, NY 10019
- Columbus Circle Veterinary Hospital — 2 Columbus Ave # 3, New York, NY 10023
- Biscuits & Bath - Midtown West — 229 W 60th St, New York, NY 10023
- Biscuits & Bath - West End Ave — 21 West End Ave, New York, NY 10023
FAQs
What type of property is this?
Medical Office Space - Approximately 800 sq ft north-facing dental office with two separate entrances in a co-op building.
Where is this medical office space located?
The property is located at 340 E 72ND ST Unit 340 New York, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approx 800 sq ft north‑facing dental office currently configured for professional use; Two separate entrances: private street‑level entry for clients and a second entrance through the building lobby; Co‑op board consideration includes keeping as‑is, other professional uses, live/work, or full residential conversion
