Medical Office Co-op
860 Grand Concourse Unit 2R Bronx, NY 10451
860 Grand Concourse Unit 2R, Bronx, NY, 10451
$165,000
For Sale
$165,000
Medical office co-op suite with multiple treatment or office rooms, a waiting/reception area, and a private bathroom.
Property Size700 SF
Price / SF$235.71
Days on Market377
Property Features for 860 Grand Concourse Unit 2R
General Information
- Standard status
- Active
- Size
- 700 SF
- Property subtype
- Office
Building Details
- Year Built
- 1935
Listing agency
Realty Connect USA LI Inc
(631) 836-1434
Listed by
Karen Gomez
(631) 836-1434
Source
Xome
Added: Jul 10, 2025 Updated: Jul 20 at 8:51PM Checked: Jul 21 at 3:05AM
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 suite in a well-maintained Art Deco building. The space has multiple treatment or office rooms, a waiting/reception area, and a private bathroom. The unit was previously used as a dental office for more than 30 years.
The building offers doorman service and mail and lobby access to the unit. The address is directly across from the Bronx Supreme Court and just steps from Yankee Stadium, with nearby subway service including lines B, D, 4, 2, and 5, as well as express and local bus options. Easy access to I-87 and I-95 is also noted in the remarks.
The building offers doorman service and mail and lobby access to the unit. The address is directly across from the Bronx Supreme Court and just steps from Yankee Stadium, with nearby subway service including lines B, D, 4, 2, and 5, as well as express and local bus options. Easy access to I-87 and I-95 is also noted in the remarks.
Key Highlights
- Unit 2R is a 751 sq. ft. commercial co‑op suite in an Art Deco building built in 1935
- Suite includes multiple treatment or office rooms, a waiting/reception area, and a private bathroom
- Previously used as a dental office for over 30 years
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trotman Carlton DDS
Dental Office
Concourse Village Primary ...
Medical Clinic
Jude Arthur Medical ...
Medical Clinic
Echebiri Helen U
Physician
Vernescu E DDS
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- ASPCA Community Veterinary Clinic - By Appointment Only — 501 E 161st St, Bronx, NY 10451
FAQs
What type of property is this?
Medical Office Space - Medical office co-op suite with multiple treatment or office rooms, a waiting/reception area, and a private bathroom.
Where is this medical office space located?
The property is located at 860 Grand Concourse Unit 2R 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: Unit 2R is a 751 sq. ft. commercial co‑op suite in an Art Deco building built in 1935; Suite includes multiple treatment or office rooms, a waiting/reception area, and a private bathroom; Previously used as a dental office for over 30 years
