Renovated Office with Exam
820 2ND AVE Unit 820 New York, NY 10017
For Sale
$2,500,000
Renovated condominium office unit with more than 10 exam rooms in a full-service doorman highrise setting.
Property Size4,400 SF
Price / SF$568.18
Days on Market167
Property Features for 820 2ND AVE Unit 820
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1962
Listing Agency:
(212) 891-7000
Listed By:
Douglas Elliman Real Estate
(917) 749-3600
Source:
Xome
Added: Feb 6
Changed: Jul 22
Last Checked: Jul 23 at 3:27AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This renovated condominium office unit is configured with over 10 exam rooms and is presented as ready to move in. It is currently set up for medical pain management/PT/acupuncture, and the business is noted as included in the rent of the condominium unit. The space is described as up to code for office use.
Located at 820 2nd Ave, the building operates as a full-time doorman highrise with modern elevators and security access. The property is positioned in a busy Midtown setting next to Grand Central station, with access to major subway and train lines serving the city and points out of town.
For tenants seeking an office environment with dedicated exam-room configuration, the unit offers a turnkey layout within a secured, staffed building.
Located at 820 2nd Ave, the building operates as a full-time doorman highrise with modern elevators and security access. The property is positioned in a busy Midtown setting next to Grand Central station, with access to major subway and train lines serving the city and points out of town.
For tenants seeking an office environment with dedicated exam-room configuration, the unit offers a turnkey layout within a secured, staffed building.
Key Highlights
- Renovated condominium office unit built in 1962
- More than 10 exam rooms, suited for medical office uses
- 3 guest facilities included
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 | $226.5k | $51.48 |
| − Vacancy | −$42.8k | −$9.73 |
| EGI | $183.7k | $41.75 |
| − OpEx | −$45.9k | −$10.44 |
| NOI | $137.8k | $31.31 |
4,400 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,776 @ 7.0% cap · market cap 5.51%
Second Best
Healthcare Medical
$1.87M
$1.64M – $2.19M
NOI $131,155 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$10.95M
$9.58M – $12.78M
NOI $766,656 @ 7.0% cap · market cap 30.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
William Schwitzer & Associates
Law Firm
Lorna V. Myers, ...
Physician
Fresh Food Center
Food Market
Andre Panagos M.D.
Physician
Marwa A. Ahmed M.D.
Physician
Similar Off Market Nearby
- Midtown Animal Hospital — 256 E 33rd St #1, New York, NY 10016
- Murray Hill Pet Hospital — 47 E 30th St, New York, NY 10016
- AcupunctureForYourDog — 201 E 33rd St, New York, NY 10016
- Biscuits & Bath - Murray Hill — 487 3rd Ave, New York, NY 10016
- Bond Vet - Kips Bay — 447 3rd Ave, Manhattan, NY 10016
FAQs
What type of property is this?
Medical Office Space - Renovated condominium office unit with more than 10 exam rooms in a full-service doorman highrise setting.
Where is this medical office space located?
The property is located at 820 2ND AVE Unit 820 New York, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Renovated condominium office unit built in 1962; More than 10 exam rooms, suited for medical office uses; 3 guest facilities included
