1126 Park Ave New York, NY 10128

Property Details for 1126 Park Ave

Year built

1929

Property size

1,949 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional 1,949 square foot medical office suite, located at 1126 Park Avenue, Suite 1A, in New York City's prestigious Carnegie Hill neighborhood, presents a unique investment opportunity. Situated on the ground floor with a private Park Avenue entrance, this space boasts a spacious waiting room with Park Avenue views, a reception area complete with a kitchenette, five exam rooms, two consultation rooms, an administrative office, a nurses' station, a laboratory, a sterilization room, and three bathrooms. Previously used as an OB/GYN practice, its versatile layout is adaptable to a wide range of medical specialties. The building, constructed in 1929 and renovated in 1985, is a 21-story structure situated on a 14,342 square foot lot, zoned R10. Conveniently located at the corner of Park Avenue and East 90th Street, the property offers excellent accessibility via the 4, 5, 6 subway lines at 86th Street, the Q train at 96th Street, and numerous Upper East Side bus routes. Its proximity to Lenox Hill Hospital and Mount Sinai further enhances its appeal. The asking price is $995,000, with a price per square foot of $510.52. The approximate monthly maintenance is $8,681, and a 2% flip tax applies. Financing options are available up to 50% of the purchase price. This is a single-tenant property within a building containing 70 units.