Medical-Dental Condominium
602-139 Centre Street New York, NY 10013
For Sale
$299,000
Fully built-out medical-dental suite with exam rooms, treatment area, and admin space for immediate operational use.
Property Size905 SF
Price / SF$330.39
Days on Market75
Property Features for 602-139 Centre Street
General Information
- Standard status
- Active
- Size
- 905 SF
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Stephanie X. Zhang · License #SZ7890
(718) 667-8000
Source:
Exprealty
Added: May 11
Changed: Jul 10
Last Checked: Jul 23 at 5:44PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This fully built-out medical-dental practice is offered in a commercial condominium with an efficient full-floor layout. The 905 square foot space is arranged to support patient flow and clinical productivity, with a welcoming reception and patient waiting area, three private exam/treatment rooms, dedicated consultation offices, and a spacious open treatment area suitable for integrated medical-dental services. Administrative workstations, file storage, and staff offices are incorporated within the floor plan, with clinical, administrative, and support zones separated for day-to-day operations. High ceilings, bright finishes, and abundant natural light from multiple windows help create an inviting work environment.
The business has been at this location for 20 years and is being offered with an established patient base of over 200,000, with NOI stated at $2M. The owner reports the practice is ready for immediate transition.
For qualified buyers or tenant operators, the suite is designed to function as an active practice from day one, with the core room types already in place for patient intake, consultation, and treatment. Interested parties can review complete details and schedule a private tour to confirm the layout and operational fit before proceeding.
The business has been at this location for 20 years and is being offered with an established patient base of over 200,000, with NOI stated at $2M. The owner reports the practice is ready for immediate transition.
For qualified buyers or tenant operators, the suite is designed to function as an active practice from day one, with the core room types already in place for patient intake, consultation, and treatment. Interested parties can review complete details and schedule a private tour to confirm the layout and operational fit before proceeding.
Key Highlights
- Fully built‑out medical‑dental practice in a commercial condominium with an established patient base of 200,000+
- NOI of $2M and ready for immediate transition
- 905 sq. ft. full‑floor layout designed for patient flow and clinical productivity
Financial Insights For Healthcare Medical
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 | $48.9k | $54.00 |
| − Vacancy | −$3.9k | −$4.32 |
| EGI | $45.0k | $49.68 |
| − OpEx | −$18.0k | −$19.87 |
| NOI | $27.0k | $29.81 |
905 SF · lease $54.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$404.8K
$354.2K – $472.3K
NOI $28,338 @ 7.0% cap · market cap 9.48%
Second Best
Healthcare Medical
$385.4K
$337.2K – $449.6K
NOI $26,976 @ 7.0% cap · market cap 9.02%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,687 @ 7.0% cap · market cap 52.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Fully built-out medical-dental suite with exam rooms, treatment area, and admin space for immediate operational use.
Where is this medical office space located?
The property is located at 602-139 Centre Street New York, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fully built‑out medical‑dental practice in a commercial condominium with an established patient base of 200,000+; NOI of $2M and ready for immediate transition; 905 sq. ft. full‑floor layout designed for patient flow and clinical productivity
