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    637 50Th St New York, NY 10019

    Sponsored
    For Lease
    $64 SF/Yr

    Prime Sutton Place medical office space.

    Lot size:
    2,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2,720 square-foot medical office space is ideally located on the 10th floor of a building on East 60th Street in the prestigious Sutton Place neighborhood. The single-tenant space boasts a highly desirable layout, perfect for a variety of medical practices. Previously used as a physical therapy office, the suite features a reception area, waiting room, seven treatment/exam rooms, and two bathrooms. The space includes tenant-controlled central air conditioning, a wet pantry, and ample closet space. The office is fully built-out with partitioned offices, drop ceilings, and mostly open floor plan, offering a high-end, trophy-quality feel. The space is fully carpeted and features after-hours HVAC availability. The monthly rent is $14,733, translating to $65 per square foot. A 5-10 year lease term is available with immediate possession. The property is offered as-is. All dimensions are approximate; potential tenants should engage their own architect or engineer for precise measurements. Please note that all information is subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice.

    Property Features for 637 50Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,720 SF

    Unit(s) available at that property

    Space
    Size
    2,720 SF
    Rate per SF
    $64

    HighLights

    • 10th‑floor, 2,720 sq. ft. medical office space on East 60th Street in Sutton Place.
    • Single‑tenant occupancy.
    • $14,733 monthly rent ($65 per square foot).
    • Immediate possession available; 5‑10 year lease term.
    • Fully built‑out space, including reception area, seven exam rooms, two bathrooms, and a wet pantry.
    Property Profile Location Intelligence

    Current Use by Public Records

    DeK Rooftop Outdoor Entertainer Drag Queen Brunch ... Performing Arts Theater Musica Club NYC Night Club Orbit East Harlem Night Club

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9701959
    Latitude
    40.763742

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    FAQs

    What type of property is this?
    Medical office - Prime Sutton Place medical office space.
    Where is this medical office located?
    The property is located at 637 50Th St New York, NY.
    What is the lease rate?
    The lease rate is $64 SF/Yr.
    What are key features of this property?
    This property features: 10th-floor, 2,720 sq. ft. medical office space on East 60th Street in Sutton Place.; Single-tenant occupancy.; $14,733 monthly rent ($65 per square foot).
    Request Owner's contact information
    637 50Th St New York, NY 10019
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    New York, NY 10019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    637 50Th St New York, NY 10019
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