Renovated Dental Suite For
8 East 84th Street, New York, NY 10028
For Sale
$799,000
Pending
724 SF ground floor dental suite on Upper East Side.
Property Size724 SF
Days on Market765
Property Features for 8 East 84th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Central air
Excellent light
Pet friendly
Doorman
Elevator
Building Details
Year Built
Units
Listing Agency:
East Side
Listed By:
Paul L Wexler · License NY 30WE0902877
(212) 836-1075
Source:
Corcoran
Added: Oct 7, 2024
Changed: Nov 1
Last Checked: Nov 8 at 5:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the Upper East Side at 8 East 84th Street, the ground floor suite offers 724 square feet of renovated space with a private street entrance. This dental suite includes three operatories, each equipped with wall and ceiling-mounted television monitors. It also features a sterilization room, a lab, an office/consult area, a kitchenette, a restroom, a waiting room, and a reception area. The medical installation is enhanced with granite floors, overhead lighting, a speaker system, and central air conditioning throughout. The building is easily accessible by public transportation, with the 6 train at 86th Street and various Upper East Side bus routes nearby. Its location is proximate to Lenox Hill Hospital and Mount Sinai.
Key Highlights
- Renovated 724 sq ft ground floor dental suite with private street entrance.
- Fully equipped with three operatories, sterilization room, lab, office/consult, kitchenette, restroom, waiting room and reception.
- Features granite floors, overhead lighting, speaker system and central air conditioning.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,670
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,400
$453.4K
Cap Rate 7%
$323,857
$323.9K
Cap Rate 9%
$251,889
$251.9K
Market Conditions
NOI Build-Up for 724 SF
Gross rent
$37.3K $51.48/SF
− Vacancy
−$7.0K −$9.73/SF
EGI
$30.2K $41.75/SF
− OpEx
−$7.6K −$10.44/SF
NOI
$22.7K $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 Rate 5%
$453,400
Cap Rate 7%
$323,857
Cap Rate 9%
$251,889
Alternative Uses
Best Use
Office B
$323.9K
$283.4K – $377.8K
NOI $22,670 @ 7.0% cap · market cap 2.84%
Second Best
Healthcare Medical
$308.3K
$269.8K – $359.7K
NOI $21,581 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$506.2K
$442.9K – $590.5K
NOI $35,431 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15,795
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in New York, NY
Properties on Market for Medical Office Space in New York
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Small Door Veterinary - Upper East Side — 1231 3rd Ave, New York, NY 10021
- Center for Veterinary Care — 236 E 75th St #2, New York, NY 10021
- Center For Veterinary Care: Walter-Rutter, Amanda K DVM — 236 E 75th St # 2, New York, NY 10021
- Greene Richard w DVM — 236 E 75th St # 2, New York, NY 10021
- Solomon Gene a DVM — 236 E 75th St #2, New York, NY 10021
Frequently Asked Questions
What type of property is this?
Medical Office Space - 724 SF ground floor dental suite on Upper East Side.
Where is this medical office space located?
The property is located at 8 East 84th Street New York, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated 724 sq ft ground floor dental suite with private street entrance.; Fully equipped with three operatories, sterilization room, lab, office/consult, kitchenette, restroom, waiting room and reception.; Features granite floors, overhead lighting, speaker system and central air conditioning.
