Medical Office
8 West 65th Street, New York, NY 10023
For Sale
Contact for pricing
A built-out clinical layout features reception, treatment rooms, a private office, and a restroom.
Property Size1,476 SF
Price / SF$643.63
Days on Market23
Property Features for 8 West 65th Street
General Information
Standard status
Size
Elevators
Property subtype
Space & Availability
Floor
Condition
Site & Location
Neighborhood
Public Transit
Additional Details
Property Use
Medical Specialty
Listing Agency:
Keller Williams NYC
Listed By:
Erin Wheelock · License NY #10301220968
(226) 258-0947
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 6:06PM
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 Keller Williams NYC
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Investment Insights
Based on property information with market context.
This 1,476 SF medical office condominium occupies a lower-level position and has 9-foot ceilings and five windows overlooking a courtyard. Entry is available directly from the street or through the building, which has elevator service. The current plan includes reception, five treatment rooms, a private office with a skylight, and a restroom. The space has been used as a chiropractic practice and will be delivered vacant; two chiropractic tables and miscellaneous items may be included in the sale.
The property is at 8 West 65th Street in New York, between Central Park West and Broadway. Lincoln Center and Central Park are within a few blocks. The 1 train at 66th Street–Lincoln Center is nearby, while the Columbus Circle station serves the A, B, C, D, and 1 lines. M66, M57, and other avenue bus routes also serve the area.
The property is at 8 West 65th Street in New York, between Central Park West and Broadway. Lincoln Center and Central Park are within a few blocks. The 1 train at 66th Street–Lincoln Center is nearby, while the Columbus Circle station serves the A, B, C, D, and 1 lines. M66, M57, and other avenue bus routes also serve the area.
Key Highlights
- 1,476 SF medical office condominium with 9‑foot ceilings
- Five courtyard‑facing windows in a lower‑level space
- Street entrance plus building access with elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,885
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,700
$1.2M
Cap Rate 7%
$826,929
$826.9K
Cap Rate 9%
$643,167
$643.2K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$93.0K $63.00/SF
− Vacancy
−$15.8K −$10.71/SF
EGI
$77.2K $52.29/SF
− OpEx
−$19.3K −$13.07/SF
NOI
$57.9K $39.22/SF
Area
ZIP 10023
Vacancy
17.00%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,700
Cap Rate 7%
$826,929
Cap Rate 9%
$643,167
Alternative Uses
Best Use
Office B
$826.9K
$723.6K – $964.8K
NOI $57,885 @ 7.0% cap · market cap 6.09%
Second Best
Healthcare Medical
$545.2K
$477.0K – $636.0K
NOI $38,162 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.05M
$918.3K – $1.22M
NOI $73,461 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
36,106
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 10023, NY
71,164
Population
46,272
Households
1.5
Avg Household Size
42
Median Age
84%
College-Educated
98%
High-School Grad
1.0 sq mi
ZIP Area
71,164
Density / Sq Mi
$157,866
Median Household Income
$109,508
Median Earnings
$3,050
Median Rent
$1,401,800
Median Home Value
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Market
Average Price Trend$/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
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- URvet Care Midtown Medical Center — 252 E 57th St, New York, NY 10022
- Biscuits & Bath - Sutton Place — 1064 1st Ave., New York, NY 10022
- Vanessa Biegen — 510 E 62nd St, New York, NY 100658314
- Kristina Willoughby — 510 E 62nd St, New York, NY 100658314
Frequently Asked Questions
What type of property is this?
Medical Office Space - A built-out clinical layout features reception, treatment rooms, a private office, and a restroom.
Where is this medical office space located?
The property is located at 8 West 65th Street New York, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,476 SF medical office condominium with 9‑foot ceilings; Five courtyard‑facing windows in a lower‑level space; Street entrance plus building access with elevator
