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    25 Central Park New York, NY 10023

    Sponsored
    For Sale
    $1,395,000

    959 SF Medical Office Condo, Lincoln Square

    Property size:
    959 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 959-square-foot medical condo at 25 Central Park West, Suite 1R, is ideally situated in the vibrant Lincoln Square/Columbus Circle neighborhood between West 62nd and West 63rd Streets. Priced at $1,395,000 ($1,454.64/sq ft), this ground-floor space offers a highly functional layout perfect for various medical specialties. Currently configured as a podiatry practice, the unit features three exam rooms, a consultation room, a waiting area, reception area, an IT room, and a restroom. Its convenient location provides easy access to public transportation, including the A, C, B, D, 1, and 2 subway lines, as well as UWS bus routes. The proximity to Mount Sinai West Emergency Room adds to its appeal. Annual real estate taxes are $27,532.76, with monthly common charges of $1,626.40 and assessments of $167.89. A working capital contribution of up to six months of common charges is required. This presents a rare opportunity to acquire a well-appointed medical office condo in a highly desirable location.

    Property Features for 25 Central Park

    General Information

    Property type
    Medical offices
    Square Feet
    959 SF

    HighLights

    • 959‑square‑foot medical condo at 25 Central Park West, Suite 1R, priced at $1,395,000 ($1,454.64/sq ft).
    • Ground‑floor space with three exam rooms, consultation room, waiting area, reception area, IT room, and restroom. Currently configured as a podiatry practice.
    • Located in Lincoln Square/Columbus Circle, between West 62nd and West 63rd Streets, with excellent access to public transportation (A, C, B, D, 1, 2 subway lines and UWS bus routes).
    • Proximity to Mount Sinai West Emergency Room. Annual real estate taxes: $27,532.76; monthly common charges: $1,626.40; monthly assessments: $167.89; working capital contribution required (up to six months of common charges).
    Property Profile Location Intelligence

    Current Use by Public Records

    Gotham Jiu Jitsu Jujitsu School Dr. Beshar Dentistry Dentist Central Park West ... Dental Clinic Dr JP Dow ... Orthodontist Joseph Giardino, PhD ... Psychologist

    Suggested Use

    Restaurant Realty agency Law Firm 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
    -73.9807761
    Latitude
    40.7705447

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    FAQs

    What type of property is this?
    Medical office - 959 SF Medical Office Condo, Lincoln Square
    Where is this medical office located?
    The property is located at 25 Central Park New York, NY.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: 959-square-foot medical condo at 25 Central Park West, Suite 1R, priced at $1,395,000 ($1,454.64/sq ft).; Ground-floor space with three exam rooms, consultation room, waiting area, reception area, IT room, and restroom. Currently configured as a podiatry practice.; Located in Lincoln Square/Columbus Circle, between West 62nd and West 63rd Streets, with excellent access to public transportation (A, C, B, D, 1, 2 subway lines and UWS bus routes).
    Request Owner's contact information
    25 Central Park New York, NY 10023
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    New York, NY 10023
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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
    25 Central Park New York, NY 10023
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