Lenox Hill Medical Office
360 East 72nd Street New York, NY 10021
360 East 72nd Street, New York, NY, 10021
$1,695,000
For Sale
$1,695,000
Move-in ready medical office suite in Lenox Hill.
Property Size1,800 SF
Price / SF$941.67
Days on Market299
Property Features for 360 East 72nd Street
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Residential
Building Details
- Year Built
- 1963
Listing Agency
East Side
(212) 836-1075
Listed by
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source
Corcoran
Added: Sep 26, 2025 Updated: Jul 10 at 12:57 pm Checked: Jul 20 at 2:45 am
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 East Side
Investment Insights
Based on property information with market context.
Located in Lenox Hill, 360 East 72nd Street, Suite 1A is a 1,800 square-foot medical office available for sale. The ground-floor suite is situated at the base of a full-service cooperative and features a private street entrance. The layout includes a large area, a reception area, administrative office space, five exam/treatment rooms, two offices/consults, a nurses' station, a staff kitchenette, two restrooms, and an IT closet. The space is equipped with multi-zone climate control, a security system, and six windows. Configured as a Hyperbaric Oxygen Therapy practice, the space is adaptable to any medical specialty. The property is easily accessible by public transportation via UES bus routes and subway lines. Its location is proximate to Lenox Hill Hospital, NewYork-Presbyterian Hospital, Weill Cornell Medical Center, HSS Hospital for Special Surgery, and Memorial Sloan Kettering Cancer Center.
Key Highlights
- Move‑in ready Lenox Hill medical office suite.
- Prime location proximate to major hospitals (Lenox Hill, NewYork‑Presbyterian, Weill Cornell, HSS, Memorial Sloan Kettering).
- Ground‑floor suite with private street entrance in a full‑service cooperative.
Local 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 | $92.7k | $51.48 |
| − Vacancy | −$17.5k | −$9.73 |
| EGI | $75.2k | $41.75 |
| − OpEx | −$18.8k | −$10.44 |
| NOI | $56.4k | $31.31 |
1,800 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$805.2K
$704.5K – $939.4K
NOI $56,363 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$766.5K
$670.7K – $894.2K
NOI $53,654 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$4.48M
$3.92M – $5.23M
NOI $313,632 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Smith Phillip R ...
Physician
Meryl Chodosh-Weiss, LMSW
Foster Care Service
Mark L. Manewitz
Photography Service
LEF Capital Advisors ...
Bank
East 72nd Street ...
Apartment Building
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FAQs
What type of property is this?
Medical Office Space - Move-in ready medical office suite in Lenox Hill.
Where is this medical office space located?
The property is located at 360 East 72nd Street New York, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Move‑in ready Lenox Hill medical office suite.; Prime location proximate to major hospitals (Lenox Hill, NewYork‑Presbyterian, Weill Cornell, HSS, Memorial Sloan Kettering).; Ground‑floor suite with private street entrance in a full‑service cooperative.
