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Medical Office on Park Avenue

910 Park Avenue, New York, NY 10075

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For Sale

$275,000

Ground floor medical office with private entrance on Park Avenue.

Type:Residential

Property size:

725 SF

Price / SF:

$379/SF

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.
Excellent accessibility to public transportation (4, 5, 6, N, Q, R trains and bus routes).
Proximity to Lenox Hill Hospital and Mount Sinai.
Features central air conditioning and seven windows.

We can help!

Listing Contact

Paul L Wexler

Learn more

For Sale

$275,000

Ground floor medical office with private entrance on Park Avenue.

Type:Residential

Property size:

725 SF

Price / SF:

$379/SF

Added:: Feb 7, 2024
Days on Market:: 853
Last Refresh:: Apr 6 at 3:20 am

Property Features for 910 Park Avenue

General Information

Standard status: Active
Size: 725 SF
Property subtype: Residential

Building Details

Year Built: 1925

We can help!

Listing Contact

Paul L Wexler

Listing agent Paul L Wexler License #30WE0902877

Listing office East Side

Listing date Feb 7, 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

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.
Excellent accessibility to public transportation (4, 5, 6, N, Q, R trains and bus routes).
Proximity to Lenox Hill Hospital and Mount Sinai.
Features central air conditioning and seven windows.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $22,702 @ 7.0% cap · market cap 8.26%

Second Best

Healthcare Medical

$308.7K

$270.1K – $360.2K (±1% cap)

NOI $21,611 @ 7.0% cap · market cap 7.86%

Theoretical Best

Specialty Retail

$1.80M

$1.58M – $2.11M (±1% cap)

NOI $126,324 @ 7.0% cap · market cap 45.94%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

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Petco Vaccination Clinic — 1155-1157 3rd Ave, New York, NY 10065
Milbank J S DVM — 3 E 64th St, New York, NY 10065

Location Insight

Map
Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9556
Latitude: 40.7728

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For sale
Medical Office Space
NY
New York
10075
910 Park Avenue

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.