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    1590 Madison Ave New York, NY 10029

    For Lease
    $65 SF/Yr

    Upper East Side Medical Offices Available

    Lot size:
    10,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional medical office space, located at 1590 Madison Avenue in New York City's vibrant Upper East Side, presents a unique investment opportunity. Situated between 106th and 107th Streets, this mixed-use property offers a total of 10,720 square feet, currently entirely vacant and available for lease. The space is divisible, with a minimum leasable area of 820 square feet and a maximum contiguous space of 6,738 square feet, providing flexibility for various medical practices or businesses. The property's prime location on Madison Avenue ensures high visibility and accessibility for patients and clients. This is an ideal opportunity for medical professionals seeking a well-situated, modern space in one of Manhattan's most desirable neighborhoods. The building is classified as both retail and office space, offering versatility in tenant selection. The property is located in New York County, New York, and boasts a convenient address in a high-traffic area. The building's size and layout provide ample space for a variety of medical uses, from individual practices to larger multi-specialty clinics. This is a rare opportunity to secure a significant amount of prime medical office space in a highly sought-after location. The property's 10029 zip code further underscores its prestigious address. Immediate occupancy is available.

    Property Features for 1590 Madison Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,720 SF
    Total Rate
    58066.67

    Unit(s) available at that property

    Space
    Same 1 - Retail/Medical Space
    Size
    1,060 SF
    Rate per SF
    $65
    Space
    Available space 2 - Retail/Medical Space
    Size
    5,100 SF
    Rate per SF
    $65
    Space
    Available Space 3 - Retail
    Size
    1,440 SF
    Rate per SF
    $65

    HighLights

    • 10,720 SF of vacant medical office space available for lease at 1590 Madison Avenue, Upper East Side, NYC.
    • Divisible space, with minimum 820 SF and maximum contiguous 6,738 SF.
    • Prime Madison Avenue location between 106th and 107th Streets, offering high visibility and accessibility.
    • Mixed‑use building (retail and office) in a high‑traffic area of Manhattan, NY (10029).
    • Immediate occupancy available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bliss Pharmacy Pharmacy DUNKIN Donut Shop Upper Madison Drugs Pharmacy

    Suggested Use

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

    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
    -73.9493232
    Latitude
    40.7940348

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    FAQs

    What type of property is this?
    Medical office - Upper East Side Medical Offices Available
    Where is this medical office located?
    The property is located at 1590 Madison Ave New York, NY.
    What is the lease rate?
    The lease rate is $65 SF/Yr.
    What are key features of this property?
    This property features: 10,720 SF of vacant medical office space available for lease at 1590 Madison Avenue, Upper East Side, NYC.; Divisible space, with minimum 820 SF and maximum contiguous 6,738 SF.; Prime Madison Avenue location between 106th and 107th Streets, offering high visibility and accessibility.
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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
    1590 Madison Ave New York, NY 10029
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