Medical Facility in New
4 Ellinwood Dr, New Hartford, NY 13413
Two-tenant medical facility with long-term leases in New Hartford, NY.
Type:Office
Property size:
17,114 SFPrice / SF:
$431/SF- Added:
- Mar 6, 2026
- Days on Market:
- 72
- Last Refresh:
- Mar 16 at 3:13 pm
Property Features for 4 Ellinwood Dr
General Information
- Standard status
- Active
- Size
- 17,114 SF
- Property subtype
- Office
Building Details
- Year Built
- 2022
Listing agent Collin Hart License #CA 02022679
Listing office ERE Healthcare Real Estate Advisors
Listing date Mar 6, 2026
Source Crexi
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 ERE Healthcare Real Estate Advisors
HighLights
- Anchored by Costello Eye Physicians & Surgeons, comprising 51% of the building’s NOI.
- Features fresh, long‑term leases with a weighted average lease term of 10.56 years and fixed rental increases averaging 2.75% annually.
- Current Net Operating Income (NOI) of $479,674.
- New construction (2022) purpose‑built medical facility.
- Strategically located in New Hartford with high roadside visibility and adjacent to a major retail center.
- Two‑tenant facility with complementary use tenancy: Costello Eye and A Health Medicine.
Overview
The Costello Eye New Hartford facility presents an opportunity to acquire a stabilized, two-tenant medical outpatient asset. The property features long-term leases to Costello Eye Physicians & Surgeons, a leading ophthalmology group in the region, and A Health Medicine, a regionally dominant interventional pain management, pulmonology, and sleep medicine practice. This purpose-built medical facility, constructed in 2022, is strategically located in New Hartford, Oneida County, within the Central New York region. The building fronts Commercial Drive and has exposure to Route 840, providing high roadside visibility. It is situated adjacent to New Hartford Consumer Square, a major retail center with over 500,000 square feet of retail space, including a Walmart Supercenter. The facility is anchored by Costello Eye Physicians & Surgeons, serving patients across five New York counties through eight locations. The second tenant, A Health Medicine, offers complementary services. Both tenants have recently executed long-term leases. Costello Eye Physicians & Surgeons occupies the first floor, featuring a state-of-the-art ophthalmology clinic with a procedure room, diagnostic room, 14 exam rooms, and eight offices. The second floor houses a pain center with a full X-Ray suite, three procedure rooms, nine post-op rooms, and 12 exam rooms. The leases feature a weighted average lease term of 10.56 years and fixed rental increases averaging 2.75% annually.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Costello Eye Physicians ...
Eye Care Center
Location Insight
- Map
- Local Demand
- City
- New Hartford
- County
- Oneida
- State
- New York
- Longitude
- -75.3112482
- Latitude
- 43.0905733
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FAQs
What type of property is this?
Medical Office Space - Two-tenant medical facility with long-term leases in New Hartford, NY.
Where is this medical office space located?
The property is located at 4 Ellinwood Dr New Hartford, NY.
What is the asking price?
The asking price for this property is $7,380,000.
What are key features of this property?
This property features: Anchored by Costello Eye Physicians & Surgeons, comprising 51% of the building’s NOI.; Features fresh, long‑term leases with a weighted average lease term of 10.56 years and fixed rental increases averaging 2.75% annually.; Current Net Operating Income (NOI) of $479,674.
