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    870 5Th Ave New York, NY 10065

    For Sale
    $2,000,000

    1,800 SF Medical Office, $2M

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,800 square foot medical office co-op at 870 5th Avenue, New York, NY 10065, is available for $2,000,000. Located on the Upper East Side between E 68th & E 69th Streets, this vacant space boasts five Central Park-facing windows and is conveniently situated near the 68th St - Hunter College train station (4 & 6 trains) and multiple bus lines. Currently configured as a doctor's office, the space includes a spacious waiting room, a primary meeting room with stunning city views, a reception area (accommodating up to four receptionists), a lab, multiple patient rooms, and a storage room with a separate entrance (easily convertible to an office or additional patient room). This property, rarely available, offers significant potential for customization, ideal for a variety of commercial uses including medical facilities, offices, or even a fitness center. Seller financing is available. The asking price is $1,111.11 per square foot.

    Property Features for 870 5Th Ave

    General Information

    Property type
    Medical offices
    Square Feet
    1,800 SF

    HighLights

    • 1,800 SF medical office co‑op on the Upper East Side, asking $2,000,000 ($1,111.11/SF).
    • Five Central Park‑facing windows; located near the 68th St - Hunter College subway station (4 & 6 trains) and bus lines.
    • Currently configured as a doctor's office with waiting room, meeting room, reception area (four receptionists), lab, multiple patient rooms, and storage room (convertible to office or patient room).
    • Seller financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ARCH by Dr. ... Podiatrist Fulbrook Capital Management, ... Investment Service Parcells Plastic Surgery Plastic Surgeon Mary Ann Restivo ... Clothing Store Dina N Anderson ... Dermatologist

    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
    -73.9686033
    Latitude
    40.7699404

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    FAQs

    What type of property is this?
    Medical office - 1,800 SF Medical Office, $2M
    Where is this medical office located?
    The property is located at 870 5Th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 1,800 SF medical office co-op on the Upper East Side, asking $2,000,000 ($1,111.11/SF).; Five Central Park-facing windows; located near the 68th St - Hunter College subway station (4 & 6 trains) and bus lines.; Currently configured as a doctor's office with waiting room, meeting room, reception area (four receptionists), lab, multiple patient rooms, and storage room (convertible to office or patient room).
    Request Owner's contact information
    870 5Th Ave New York, NY 10065
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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
    870 5Th Ave New York, NY 10065
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