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    220 Madison Ave New York, NY 10016

    Sponsored
    For Sale
    $3,750,000

    Prime NYC Medical Office, 4,420 SF

    Property size:
    4,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional Class B medical office building at 220 Madison Avenue in New York, NY 10016 presents a unique owner-user investment opportunity. The property boasts 4,420 square feet of space, ideally suited for a variety of medical practices. Currently configured with twelve exam rooms, five private offices, and three bathrooms, the layout is highly functional and efficient. The building is a single-tenant property, offering complete control and flexibility to the owner. The permitted C5-2 zoning allows for a range of uses, and the cooperative ownership structure is open to non-medical tenants as well. The asking price is $3,750,000. The building consists of three units and is situated in a prime Manhattan location, offering excellent visibility and accessibility. The anticipated occupancy date is December 31, 2024. This presents a rare chance to acquire a well-maintained, established medical office building in a highly desirable area of New York City. The property's strong location and versatile configuration make it an attractive investment for both medical professionals and savvy investors seeking a stable, high-return asset.

    Property Features for 220 Madison Ave

    General Information

    Property type
    Medical offices
    Square Feet
    4,420 SF
    Class
    B

    Building Details

    Units
    3

    HighLights

    • 12 Exam Rooms
    • 5 Private Offices
    • 3 Bathrooms
    • Suitable for non‑medical tenants
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Yoon Hee ... Pediatric Dentist Happy Smile Pediatric ... Pediatric Dentist Dr. Julie Cernigliaro, ... Pediatric Dentist Kim Sarah DDS Dentist Rosenblum Eye Centers Ophthalmologist

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Law Firm

    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
    -73.98161751
    Latitude
    40.74965393

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    FAQs

    What type of property is this?
    Medical office - Prime NYC Medical Office, 4,420 SF
    Where is this medical office located?
    The property is located at 220 Madison Ave New York, NY.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: 12 Exam Rooms; 5 Private Offices; 3 Bathrooms
    Request Owner's contact information
    220 Madison Ave New York, NY 10016
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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
    220 Madison Ave New York, NY 10016
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