Medical Office
New
For Sale
$1,200,000
800 2ND Avenue 806, Manhattan, NY 10017
The suite has exam rooms, private offices, reception space, and existing plumbing.
Property Size1,482 SF
Price / SF$809.72
Days on Market4
Property Features for 800 2ND Avenue 806
General Information
Standard status
Active
Size
1,482 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Condition
Move-in Ready
HOA Fee
$1,587
Property Use
Medical and Professional Office
Taxes and HOA fees
Annual Taxes
$18,852
Amenities
full-time doorman
attended lobby
24/7 building access
central air conditioning
accessible building
Building Details
Building Size
1,482 SF
Year Built
1957
Listing Agency:
MAllan Real Estate Inc
Listed By:
Maya Allan
(646) 258-4460
Source:
Nobleblackandpartners
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 10:43AM
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 MAllan Real Estate Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,482-square-foot medical office condominium is arranged across eight rooms, including four examination rooms and two private offices. The layout also provides reception and waiting space, plus a room for sterilization, pantry use, and file storage. Existing sinks, plumbing, and cabinetry are in place. Medical equipment and office supplies are available with the furnishings, or the unit can be delivered without them.
In Midtown East, the property is near Grand Central Terminal and the United Nations. The building has a full-time doorman, an attended lobby, elevator service, central air conditioning, and access around the clock. Nearby transit options include Metro-North, Long Island Rail Road, subway lines, and bus service.
In Midtown East, the property is near Grand Central Terminal and the United Nations. The building has a full-time doorman, an attended lobby, elevator service, central air conditioning, and access around the clock. Nearby transit options include Metro-North, Long Island Rail Road, subway lines, and bus service.
Key Highlights
- 1,482 Sq Ft commercial condominium arranged as an eight‑room suite
- Four examination rooms and two private offices
- Reception and waiting area, with a separate sterilization, pantry, and file‑storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,405
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,100
$928.1K
Cap Rate 7%
$662,929
$662.9K
Cap Rate 9%
$515,611
$515.6K
Market Conditions
NOI Build-Up for 1,482 SF
Gross rent
$76.3K $51.48/SF
− Vacancy
−$14.4K −$9.73/SF
EGI
$61.9K $41.75/SF
− OpEx
−$15.5K −$10.44/SF
NOI
$46.4K $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%
$928,100
Cap Rate 7%
$662,929
Cap Rate 9%
$515,611
Alternative Uses
Best Use
Office B
$662.9K
$580.1K – $773.4K
NOI $46,405 @ 7.0% cap · market cap 3.87%
Second Best
Healthcare Medical
$631.1K
$552.2K – $736.3K
NOI $44,175 @ 7.0% cap · market cap 3.68%
Theoretical Best
Specialty Retail
$3.69M
$3.23M – $4.30M
NOI $258,224 @ 7.0% cap · market cap 21.52%
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
61,874
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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- Biscuits & Bath - Murray Hill — 487 3rd Ave, New York, NY 10016
- AcupunctureForYourDog — 201 E 33rd St, New York, NY 10016
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite has exam rooms, private offices, reception space, and existing plumbing.
Where is this medical office space located?
The property is located at 800 2ND Avenue 806 Manhattan, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1,482 Sq Ft commercial condominium arranged as an eight‑room suite; Four examination rooms and two private offices; Reception and waiting area, with a separate sterilization, pantry, and file‑storage room
