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Upper East Side Medical Cooperative
For Sale
$6,850,000
Pending

885 Park Ave Unit 12B, New York, NY 10075

2,100 SF vacant medical cooperative unit on Park Avenue.

Property SizeContact for details
Days on Market284

Property Features for 885 Park Ave Unit 12B

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1927
Stories 14
Units 36
Listing Agency: Brown Harris Stevens Residential Sales LLC
Listed By: Simone Mailman (smailman@bhsusa.com)
Source: Edifyny
Added: Nov 25, 2025 Changed: Sep 3 Last Checked: Sep 4 at 7:10AM

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 Brown Harris Stevens Residential Sales LLC

Investment Insights

Based on property information with market context.

Located at 885 Park Avenue, at the northeast intersection of Park Avenue and East 78th Street, this 2,100 square foot vacant medical cooperative unit is situated in one of Manhattan's premier ultra-luxury doorman buildings on the Upper East Side, just two blocks from Central Park. The neo-Jacobean building, designed by renowned architect Schwartz & Gross and developed by Jatison Construction Company, was constructed from 1926-1927. Unit #1C features six south-facing windows overlooking 78th Street, a spacious waiting room, and a large reception area that can accommodate five employees. It includes three exam rooms, each equipped with sinks and built-in storage, a separate recovery room, and two private restrooms. The premises holds a certificate of accreditation for meeting the standards of a Class C-M ambulatory surgery facility, allowing for the use of general anesthesia. Delivered vacant, the unit is ideal for a medical office or related professional use. The location offers proximity to top-rated hospitals, including Lenox Hill Hospital, Memorial Sloan Kettering Cancer Center, Hospital for Special Surgery, and New York Presbyterian. The frontage on both streets provides excellent foot traffic and visibility. The distinguished area offers proximity to renowned schools, shopping, restaurants, and public transportation.

Key Highlights

  • Vacant 2,100 sq ft medical cooperative unit in a premier Upper East Side doorman building (885 Park Avenue).
  • Certificate of Accreditation for Class C‑M Ambulatory Surgery Facility allowing general anesthesia.
  • Prime location near top‑rated hospitals (Lenox Hill, Memorial Sloan Kettering, Hospital for Special Surgery, NY Presbyterian).

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Auto Repair Shop Daycare Center Nursing Home Barber Shop Accounting Firm Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

30,992
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

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
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - 2,100 SF vacant medical cooperative unit on Park Avenue.
Where is this medical office space located?
The property is located at 885 Park Ave Unit 12B New York, NY.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: Vacant 2,100 sq ft medical cooperative unit in a premier Upper East Side doorman building (885 Park Avenue).; Certificate of Accreditation for Class C‑M Ambulatory Surgery Facility allowing general anesthesia.; Prime location near top‑rated hospitals (Lenox Hill, Memorial Sloan Kettering, Hospital for Special Surgery, NY Presbyterian).
More about this property
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