Medical Office on Park
910 Park Avenue New York, NY 10075
For Sale
$275,000
Ground floor medical office with private entrance on Park Avenue.
Property Size725 SF
Price / SF$379.31
Days on Market897
Property Features for 910 Park Avenue
General Information
- Standard status
- Active
- Size
- 725 SF
- Property subtype
- Residential
Building Details
- Year Built
- 1925
Listing Agency:
East Side
(212) 836-1075
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Corcoran
Added: Feb 7, 2024
Changed: Jul 10
Last Checked: Jul 23 at 7:19AM
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 East Side
Investment Insights
Based on property information with market context.
Located on the Upper East Side between East 79th and East 80th Street, 910 Park Ave, Suite 1N is a 725 SF ground floor medical office available for sale. It features a private street entrance on Park Avenue and is situated inside a full-service luxury pre-war co-op building. The layout includes an admin/reception area, a waiting area, a large consults/office, a full bathroom, and a closet. The space is currently configured as a psychiatry practice but is adaptable to any medical specialty. Additional features include seven windows and central air conditioning. The property is easily accessible by public transportation via the 4, 5, 6, N, Q, and R trains at 86th St, as well as Upper East Side bus routes. The building is proximate to Lenox Hill Hospital and Mount Sinai. The maintenance is $4,906.75 per month, with 380 shares. The flip tax is 2% paid by the buyer, and financing has a 50% maximum.
Key Highlights
- Prime Upper East Side location on Park Avenue in a full‑service, pre‑war co‑op building.
- Private street entrance offering exclusivity and convenience.
- Adaptable layout suitable for any medical specialty, currently configured as a psychiatry practice.
Financial Insights For Office B
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 | $37.3k | $51.48 |
| − Vacancy | −$7.1k | −$9.73 |
| EGI | $30.3k | $41.75 |
| − OpEx | −$7.6k | −$10.44 |
| NOI | $22.7k | $31.31 |
725 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$324.3K
$283.8K – $378.4K
NOI $22,702 @ 7.0% cap · market cap 8.26%
Second Best
Healthcare Medical
$308.7K
$270.1K – $360.2K
NOI $21,611 @ 7.0% cap · market cap 7.86%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.11M
NOI $126,324 @ 7.0% cap · market cap 45.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Bond Vet - Upper East Side at 62nd Street — 1049 3rd Ave, Manhattan, NY 10065
- Veterinary Emergency Group — 1215 2nd Ave, New York, NY 10065
- Lawrence a Zola, DVM, PC, — 354 E 66th St, New York, NY 10065
- Sutton Animal Hospital — 1147 1st Ave., New York, NY 10065
- Biscuits & Bath — 1035 3rd ave, new york, ny 10065
FAQs
What type of property is this?
Medical Office Space - Ground floor medical office with private entrance on Park Avenue.
Where is this medical office space located?
The property is located at 910 Park Avenue New York, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime Upper East Side location on Park Avenue in a full‑service, pre‑war co‑op building.; Private street entrance offering exclusivity and convenience.; Adaptable layout suitable for any medical specialty, currently configured as a psychiatry practice.
