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    969 Park Avenue New York, NY 10028

    Sponsored
    For Sale
    $600,000

    Prime Upper East Side Medical Office - $600,000

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming 1,000-square-foot medical office building, located at 969 Park Avenue in New York, NY 10028, presents a unique investment opportunity. Built in 1921, this established medical co-op boasts a prime Upper East Side location and benefits from an existing patient base cultivated over years of operation in the neighborhood. The space is thoughtfully designed to include two private exam rooms, a separate private office, and a spacious waiting/reception area, providing ample room for a variety of medical practices. The asking price is $600,000, translating to $600 per square foot. This represents a compelling value proposition for an established practice seeking to expand or a new venture looking to establish a presence in a highly desirable area. The property's layout and existing infrastructure offer immediate operational capabilities, minimizing the need for extensive renovations or upgrades. The building's location on Park Avenue ensures high visibility and easy accessibility for patients. This turnkey opportunity is priced to sell and offers significant potential for growth and return on investment. Serious inquiries are encouraged to schedule a viewing and explore the possibilities.

    Property Features for 969 Park Avenue

    General Information

    Property type
    Medical offices
    Square Feet
    1,000 SF

    Building Details

    Year Built
    1921

    HighLights

    • $600,000 asking price.
    • 1,000 square foot medical office.
    • $600 per square foot.
    • Built in 1921.
    • Located at 969 Park Ave, New York, NY 10028.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

    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
    -73.9585526
    Latitude
    40.7776874

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    FAQs

    What type of property is this?
    Medical office - Prime Upper East Side Medical Office - $600,000
    Where is this medical office located?
    The property is located at 969 Park Avenue New York, NY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price.; 1,000 square foot medical office.; $600 per square foot.
    Request Owner's contact information
    969 Park Avenue New York, NY 10028
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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
    969 Park Avenue New York, NY 10028
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