Upper East Side Surgical
815 Park Avenue New York, NY 10021
For Sale
$1,700,000
Fully-equipped 2,000 SF medical office near Lenox Hill Hospital.
Property Size2,000 SF
Price / SF$850
Days on Market192
Property Features for 815 Park Avenue
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Residential
Building Details
- Year Built
- 1917
Listing Agency:
East Side
(212) 836-1075
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Corcoran
Added: Jan 13
Changed: Jul 10
Last Checked: Jul 24 at 9:42AM
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
Investment Insights
Based on property information with market context.
Located on the Upper East Side, 815 Park Avenue, Suite 1AD, is a 2,000-square-foot surgical office suitable for various medical practices. Currently configured for a plastic surgery practice, the suite includes a waiting area, in and out receptions, and a Quad-A accredited operating suite with a prep room/lab. It also features three exam rooms, three offices/consults, two restrooms, and three closets. An 8'x10' storage cage in the basement is included. The building is accessible via the 4, 5, and 6 trains at 77th St, as well as Upper East Side bus routes. The property is two blocks from Lenox Hill Hospital and proximate to Mount Sinai. The monthly maintenance fee is $7,814.
Key Highlights
- Fully‑equipped, 2,000‑square‑foot surgical office adaptable to any medical specialty
- Quad‑A accredited operating suite with prep room/lab
- Prime Upper East Side location near Lenox Hill Hospital and Mount Sinai
Financial Insights For Office B
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 | $103.0k | $51.48 |
| − Vacancy | −$19.5k | −$9.73 |
| EGI | $83.5k | $41.75 |
| − OpEx | −$20.9k | −$10.44 |
| NOI | $62.6k | $31.31 |
2,000 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$894.6K
$782.8K – $1.04M
NOI $62,625 @ 7.0% cap · market cap 3.68%
Second Best
Healthcare Medical
$851.7K
$745.2K – $993.6K
NOI $59,616 @ 7.0% cap · market cap 3.51%
Theoretical Best
Specialty Retail
$4.98M
$4.36M – $5.81M
NOI $348,480 @ 7.0% cap · market cap 20.50%
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
Similar Off Market Nearby
- 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
- TriviumVet — 345 Park Ave, New York, NY 10154
FAQs
What type of property is this?
Medical Office Space - Fully-equipped 2,000 SF medical office near Lenox Hill Hospital.
Where is this medical office space located?
The property is located at 815 Park Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully‑equipped, 2,000‑square‑foot surgical office adaptable to any medical specialty; Quad‑A accredited operating suite with prep room/lab; Prime Upper East Side location near Lenox Hill Hospital and Mount Sinai
