Modern Medical Suite on Park
911 Park Avenue New York, NY 10075
For Sale
$3,450,000
Pending
Fully-equipped, adaptable medical space on the Upper East Side.
Property Size3,573 SF
Days on Market366
Property Features for 911 Park Avenue
General Information
- Standard status
- Pending
- Size
- 3,573 SF
- Property subtype
- Residential
Building Details
- Year Built
- 1927
Listing Agency:
East Side
(212) 836-1075
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Corcoran
Added: Jul 25, 2025
Changed: Jul 6
Last Checked: Jul 24 at 4:57AM
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
Investment Insights
Based on property information with market context.
Located on the Upper East Side at 911 Park Avenue, Suite 1A, this 3,573-square-foot medical suite is available for sale. Currently configured as an upscale dermatology center, the modern space is adaptable to various medical specialties. The suite features a private street entrance on Park Avenue, an elegant waiting and reception area, an operating room, a procedure prep area, a recovery room, and eight exam rooms. It also includes a lab, an office/consult area, six admin offices, a staff kitchen, a conference room, two storage rooms, two restrooms, and an IT closet. The suite is equipped with Midmark Ritter 355 procedure lights in each exam room and the operating room, healthcare-class poured flooring, and a speaker system throughout. It is also wired for video security. The property is easily accessible by public transportation, with the 4 and 6 trains at 77th St, and 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.
Key Highlights
- Fully‑equipped 3,573‑square‑foot medical suite adaptable for various specialties.
- Prime Upper East Side location with private Park Avenue entrance.
- Currently configured as an upscale dermatology center with an operating room, eight exam rooms, and a lab.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.9k | $51.48 |
| − Vacancy | −$34.8k | −$9.73 |
| EGI | $149.2k | $41.75 |
| − OpEx | −$37.3k | −$10.44 |
| NOI | $111.9k | $31.31 |
3,573 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,880 @ 7.0% cap · market cap 3.24%
Second Best
Healthcare Medical
$1.52M
$1.33M – $1.78M
NOI $106,504 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$8.89M
$7.78M – $10.38M
NOI $622,560 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Bond Vet - Upper East Side at 62nd Street — 1049 3rd Ave, Manhattan, NY 10065
- Veterinary Emergency Group — 1215 2nd Ave, New York, NY 10065
- Lawrence a Zola, DVM, PC, — 354 E 66th St, New York, NY 10065
- Sutton Animal Hospital — 1147 1st Ave., New York, NY 10065
- Biscuits & Bath — 1035 3rd ave, new york, ny 10065
FAQs
What type of property is this?
Medical Office Space - Fully-equipped, adaptable medical space on the Upper East Side.
Where is this medical office space located?
The property is located at 911 Park Avenue New York, NY.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Fully‑equipped 3,573‑square‑foot medical suite adaptable for various specialties.; Prime Upper East Side location with private Park Avenue entrance.; Currently configured as an upscale dermatology center with an operating room, eight exam rooms, and a lab.
