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Medical Office with Exam Rooms
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885 Park Avenue, New York, NY 10075

Vacant medical cooperative unit with exam rooms, recovery space, reception, and private restrooms.

Property Size2,100 SF
Days on Market11

Property Features for 885 Park Avenue

General Information

Standard status Active
Size 2,100 SF
Elevators Yes
Property subtype Office

Additional Details

Floor 1
Public Transit Yes

Building Details

Year Built 1926
Construction brick
Tenancy Single
Abandoned No
Listing Agency: Meridian Capital Group
Listed By: Brian Gladstone · License #NY
Source: Crexi
Added: Sep 10 Changed: Sep 16 Last Checked: Sep 19 at 8:51AM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

This 2,100 square foot medical cooperative unit is delivered vacant and arranged for clinical operations. The space includes a waiting room, reception area sized for five employees, three exam rooms with sinks and built-in storage, a separate recovery room, additional stations, and two private restrooms. Six south-facing windows overlook 78th Street. The premises also hold a Certificate of Accreditation meeting Class C-M ambulatory surgery facility standards, with general anesthesia permitted.

The property occupies the northeast corner of Park Avenue and East 78th Street, with frontage on both streets. It is two blocks from Central Park and near Lenox Hill Hospital, Memorial Sloan Kettering Cancer Center, Hospital for Special Surgery, and New York Presbyterian. The surrounding area also includes schools, retail, restaurants, and public transportation. The building was constructed in 1926-1927 and designed by Schwartz & Gross.

Key Highlights

  • 2,100 square foot vacant medical cooperative unit
  • Three exam rooms with sinks and built‑in storage
  • Certificate of Accreditation for a Class C‑M ambulatory surgery facility

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Pet Grooming Service Nursing Home (Bike/Boat/Book/etc) Store Clothing & Fashion Store Adult Day Care Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

26,459
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10075, NY

27,796
Population
16,415
Households
1.7
Avg Household Size
41
Median Age
85%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
138,980
Density / Sq Mi
$146,556
Median Household Income
$112,549
Median Earnings
$2,390
Median Rent
$1,097,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Vacant medical cooperative unit with exam rooms, recovery space, reception, and private restrooms.
Where is this medical office space located?
The property is located at 885 Park Avenue New York, NY.
What are key features of this property?
This property features: 2,100 square foot vacant medical cooperative unit; Three exam rooms with sinks and built‑in storage; Certificate of Accreditation for a Class C‑M ambulatory surgery facility
(212) 468-5948 Call to check price and availability
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