Mixed-Use Office Condominium
61E Monroe Ave Pittsford, NY 14534
New
For Sale
$269,900
Medical-practice office condo offers a turnkey waiting and exam-room layout with multiple entrances and managed surface parking.
Days on Market7
Property Features for 61E Monroe Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
RE/MAX Realty Group
(585) 218-6822
Listed By:
Carmen G Lonardo · License #10301204632
(585) 218-6822
Source:
Elliman
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 29 at 12:01PM
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 RE/MAX Realty Group
Investment Insights
Based on property information with market context.
This office condominium suite is currently set up for a medical practice and includes a turnkey interior layout with a waiting area, reception, office and desk spaces, three private exam rooms, one public half bath and two additional half baths, file space, a utility/lab room, a private executive office/conference room, and ample lower-level storage. The suite is zoned Mixed Use-Office under Pittsford Village zoning rules, supporting a range of professional and service-oriented uses. The current use is scheduled to terminate in May 2027, and the layout can support a single use or multiple uses, with three separate entrances.
The property is part of Pittsford Village Green and is managed with exterior maintenance services including snow removal, lawn care/landscaping, and refuse/recycling collection, along with water/sewer and more, for a monthly fee of $535. The condominium community provides ample parking on professionally maintained surface lots and is connected by sidewalks for access to the surrounding area.
The suite’s configuration includes distinct areas suitable for patient or client reception, multiple treatment or office rooms, and back-office support plus storage, offering flexibility for allowable uses based on the provided zoning regulations.
The property is part of Pittsford Village Green and is managed with exterior maintenance services including snow removal, lawn care/landscaping, and refuse/recycling collection, along with water/sewer and more, for a monthly fee of $535. The condominium community provides ample parking on professionally maintained surface lots and is connected by sidewalks for access to the surrounding area.
The suite’s configuration includes distinct areas suitable for patient or client reception, multiple treatment or office rooms, and back-office support plus storage, offering flexibility for allowable uses based on the provided zoning regulations.
Key Highlights
- Built in 1986: Pittsford Village Green office condominium
- Medical‑practice office layout includes waiting room, reception area, 3 private exam rooms, and 1 public + 2 additional half baths
- Additional rooms include office/desk spaces, file space, utility/lab room, private executive office/conference room, and ample lower‑level storage
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 | $31.4k | $21.96 |
| − Vacancy | −$3.9k | −$2.75 |
| EGI | $27.5k | $19.22 |
| − OpEx | −$11.0k | −$7.69 |
| NOI | $16.5k | $11.53 |
1,432 SF · lease $21.96/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$235.9K
$206.4K – $275.2K
NOI $16,510 @ 7.0% cap · market cap 6.12%
Second Best
Office B
$154.0K
$134.8K – $179.7K
NOI $10,780 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$274.9K
$240.5K – $320.7K
NOI $19,243 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical-practice office condo offers a turnkey waiting and exam-room layout with multiple entrances and managed surface parking.
Where is this medical office space located?
The property is located at 61E Monroe Ave Pittsford, NY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Built in 1986: Pittsford Village Green office condominium; Medical‑practice office layout includes waiting room, reception area, 3 private exam rooms, and 1 public + 2 additional half baths; Additional rooms include office/desk spaces, file space, utility/lab room, private executive office/conference room, and ample lower‑level storage
