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Medical Suite in Co-op Building

901 Lexington Avenue, New York, NY 10065

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For Sale

$499,000

Ground floor, renovated medical suite in a full-service co-op.

Type:Residential

Property size:

1,000 SF

Price / SF:

$499/SF

HighLights

Ground floor medical suite with separate street entrance.
Renovated space featuring vinyl plank flooring and central air conditioning.
Adaptable, wide‑open 1,000 sq ft layout.
Located in a full‑service co‑op building.
Close proximity to numerous top medical facilities.
Easily accessible by public transportation.

We can help!

Listing Contact

Paul L Wexler

For Sale

$499,000

Ground floor, renovated medical suite in a full-service co-op.

Type:Residential

Property size:

1,000 SF

Price / SF:

$499/SF

Added:: Nov 21, 2024
Days on Market:: 565
Last Refresh:: Apr 6 at 3:20 am

Property Features for 901 Lexington Avenue

General Information

Standard status: Active
Size: 1,000 SF
Property subtype: Residential

Building Details

Year Built: 1907

We can help!

Listing Contact

Paul L Wexler

Listing agent Paul L Wexler License #30WE0902877

Listing office East Side

Listing date Nov 21, 2024

Source Corcoran

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

HighLights

Ground floor medical suite with separate street entrance.
Renovated space featuring vinyl plank flooring and central air conditioning.
Adaptable, wide‑open 1,000 sq ft layout.
Located in a full‑service co‑op building.
Close proximity to numerous top medical facilities.
Easily accessible by public transportation.

Overview

Located at 901 Lexington Avenue, Suite B is a ground floor medical suite available for sale inside a full-service co-op building. The renovated space features vinyl plank flooring and central air conditioning. It has a separate street entrance with no stairs. Currently configured as a physical therapy center, the layout of approximately 1,000 square feet features pre-war details, two restrooms, a recovery area, and a kitchenette. The wide-open layout is adaptable to any medical specialty. The property is easily accessible by public transportation via Upper East Side subway lines and bus routes. It is within close proximity to several top medical facilities in New York including Lenox Hill Hospital, Memorial Sloan Kettering Cancer Center, The Manhattan Eye, Ear, Nose and Throat Hospital, The Hospital for Special Surgery, Mount Sinai Medical Center, NY Presbyterian and Weill Cornell Hospitals.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$51.5k	$51.48
− Vacancy	−$9.7k	−$9.73
EGI	$41.8k	$41.75
− OpEx	−$10.4k	−$10.44
NOI	$31.3k	$31.31

1,000 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$447.3K

$391.4K – $521.9K (±1% cap)

NOI $31,313 @ 7.0% cap · market cap 6.28%

Second Best

Healthcare Medical

$425.8K

$372.6K – $496.8K (±1% cap)

NOI $29,808 @ 7.0% cap · market cap 5.97%

Theoretical Best

Specialty Retail

$2.49M

$2.18M – $2.90M (±1% cap)

NOI $174,240 @ 7.0% cap · market cap 34.92%

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

Property Profile Location Intelligence

Current Use by Public Records

AREA Interior Design Interior Design Dr. Farhad Mir Dental Office Burney Croll Dental Office Lenox Hill Prosthodontics Dental Office Michael Gulizio Dental Office

Suggested Use

Similar Places Nearby

URvet Care Midtown Medical Center — 252 E 57th St, New York, NY 10022
Biscuits & Bath - Sutton Place — 1064 1st Ave., New York, NY 10022
Vanessa Biegen — 510 E 62nd St, New York, NY 100658314
Kristina Willoughby — 510 E 62nd St, New York, NY 100658314
TriviumVet — 345 Park Ave, New York, NY 10154

Location Insight

Map
Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9643
Latitude: 40.7674

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For sale
Medical Office Space
NY
New York
10065
901 Lexington Avenue

What type of property is this?

Medical Office Space - Ground floor, renovated medical suite in a full-service co-op.

Where is this medical office space located?

The property is located at 901 Lexington Avenue New York, NY.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Ground floor medical suite with separate street entrance.; Renovated space featuring vinyl plank flooring and central air conditioning.; Adaptable, wide‑open 1,000 sq ft layout.