Medical Office Co-op
For Sale
$165,000
860 GRAND CONCOURSE, Bronx, NY 10451
Professional suite with treatment rooms, reception area, private bathroom, doorman access, and extensive subway and bus connectivity.
Property Size700 SF
Price / SF$235.71
Days on Market339
Property Features for 860 GRAND CONCOURSE
General Information
Standard status
Active
Size
700 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Amenities
doorman
mail access
lobby access
Window/Wall Unit
3
Parking.
Paved Driveway, On Street.
City
In City.
Building Details
Year Built
1935
Construction
Art Deco
Tenancy
Multi
Listing Agency:
Realty Connect USA LI Inc
(631) 836-1434
Listed By:
Karen Gomez
(631) 836-1434
Source:
Xome
Added: Sep 2, 2025
Changed: Aug 3
Last Checked: Aug 6 at 4:33AM
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 Realty Connect USA LI Inc
Investment Insights
Based on property information with market context.
Unit 2R at 860 Grand Concourse is a medical office co-op within a 1935 cooperative building. The professional suite was used as a dental office for more than 30 years and includes multiple treatment or office rooms, a waiting and reception area, and a private bathroom. Lobby and mail access, along with doorman service, support daily visits by patients, clients, and staff.
The property sits across from the Bronx Supreme Court and near Yankee Stadium, with exposure along Grand Concourse. Subway service includes the B, D, 4, 2, and 5 lines, while express and local bus routes provide additional transit access. The location also offers connectivity to I-87 and I-95, with dining, banking, and city and state offices nearby. The layout is suited to medical, legal, nonprofit, or other professional operations as supported by the existing configuration.
The property sits across from the Bronx Supreme Court and near Yankee Stadium, with exposure along Grand Concourse. Subway service includes the B, D, 4, 2, and 5 lines, while express and local bus routes provide additional transit access. The location also offers connectivity to I-87 and I-95, with dining, banking, and city and state offices nearby. The layout is suited to medical, legal, nonprofit, or other professional operations as supported by the existing configuration.
Key Highlights
- Medical office co‑op at 860 Grand Concourse, Bronx, NY 10451
- Previously operated as a dental office for more than 30 years
- Multiple treatment or office rooms plus waiting/reception area and private bathroom
Financial Insights For Healthcare Medical
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 | $26.9k | $38.40 |
| − Vacancy | −$2.7k | −$3.84 |
| EGI | $24.2k | $34.56 |
| − OpEx | −$9.7k | −$13.82 |
| NOI | $14.5k | $20.74 |
700 SF · lease $38.40/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$250.4K
$219.1K – $292.2K
NOI $17,530 @ 7.0% cap · market cap 10.62%
Second Best
Healthcare Medical
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 8.80%
Theoretical Best
Warehouse
$485.1K
$424.4K – $565.9K
NOI $33,954 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,968
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional suite with treatment rooms, reception area, private bathroom, doorman access, and extensive subway and bus connectivity.
Where is this medical office space located?
The property is located at 860 GRAND CONCOURSE Bronx, NY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Medical office co‑op at 860 Grand Concourse, Bronx, NY 10451; Previously operated as a dental office for more than 30 years; Multiple treatment or office rooms plus waiting/reception area and private bathroom
