Medical Office with
For Sale
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532 E 78th St, New York, NY 11236
Mixed-use property combining a doctor or dental office with residential rental space and on-site parking.
Property Size3,892 SF
Price / SF$411.10
Days on Market141
Property Features for 532 E 78th St
General Information
Standard status
Active
Size
3,892 SF
Class
B
Total Parking Spaces
2
Property subtype
Multifamily, Office
Zoning
Reisdential | Mixed Use Zoning
Occupancy
90%
Investment Type
Owner/User
Net Operating Income
$100,000
Building Details
Year Built
1960
Buildings
1
Units
3
Listing Agency:
SERHANT
Listed By:
Alessa Aichinger · License #10401333915
Source:
Crexi
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 31 at 11:11PM
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 SERHANT
Investment Insights
Based on property information with market context.
This mixed-use property includes a doctor or dental office alongside residential rental space. The configuration supports both medical-office occupancy and residential rentals within the same property, with on-site parking included.
Built in 1960, the property is located at 532 E 78th St in New York, NY 11236. Zoning is identified as Residential and Mixed Use. The property size is listed as 3,892.
Built in 1960, the property is located at 532 E 78th St in New York, NY 11236. Zoning is identified as Residential and Mixed Use. The property size is listed as 3,892.
Key Highlights
- Doctor or dental office component
- Residential rental space included
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,869
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,437,380
$2.4M
Cap Rate 7%
$1,740,986
$1.7M
Cap Rate 9%
$1,354,100
$1.4M
Market Conditions
NOI Build-Up for 3,892 SF
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.
Gross rent
$200.4K $51.48/SF
− Vacancy
−$37.9K −$9.73/SF
EGI
$162.5K $41.75/SF
− OpEx
−$40.6K −$10.44/SF
NOI
$121.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,437,380
Cap Rate 7%
$1,740,986
Cap Rate 9%
$1,354,100
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,869 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,770 @ 7.0% cap · market cap 7.61%
Theoretical Best
Specialty Retail
$9.69M
$8.48M – $11.30M
NOI $678,142 @ 7.0% cap · market cap 42.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,664
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Mixed-use property combining a doctor or dental office with residential rental space and on-site parking.
Where is this medical office space located?
The property is located at 532 E 78th St New York, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Doctor or dental office component; Residential rental space included; On‑site parking
