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Upper East Side Medical Office

23 E 79th St, New York, NY 10075

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For Sale

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Ground floor medical office in pre-war co-op building.

Type:Office

Property size:

1,300 SF

Price / SF:

$576/SF

HighLights

Ground floor medical office with private street entrance on 79th Street.
Located in a luxury pre‑war co‑op building on the Upper East Side.
Adaptable layout suitable for any medical specialty (approx. 1,300 SF with waiting room, reception, 3 exam rooms, office/consult, 2 restrooms).
Convenient access to public transportation (4, 5, 6, N, Q, R trains and bus routes).
Proximity to Lenox Hill Hospital and Mount Sinai.
Office includes a restroom with a shower.

We can help!

Contact an agent

Paul Wexler

For Sale

Contact for pricing

Ground floor medical office in pre-war co-op building.

Type:Office

Property size:

1,300 SF

Price / SF:

$576/SF

Added:: Oct 7, 2024
Days on Market:: 639
Last Refresh:: May 12 at 9:33 pm

Property Features for 23 E 79th St

General Information

Standard status: Active
Size: 1,300 SF
Property subtype: Office

We can help!

Contact an agent

Paul Wexler

Listing office Wexler Health Care Properties Team

Listing date Oct 7, 2024

Source Crexi

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 Wexler Health Care Properties Team

HighLights

Ground floor medical office with private street entrance on 79th Street.
Located in a luxury pre‑war co‑op building on the Upper East Side.
Adaptable layout suitable for any medical specialty (approx. 1,300 SF with waiting room, reception, 3 exam rooms, office/consult, 2 restrooms).
Convenient access to public transportation (4, 5, 6, N, Q, R trains and bus routes).
Proximity to Lenox Hill Hospital and Mount Sinai.
Office includes a restroom with a shower.

Overview

Located on the Upper East Side between Fifth and Madison Avenue, 23 East 79th Street is a ground floor medical office available for sale. The office features a private street entrance on 79th Street and is situated inside a luxury pre-war co-op building. The layout of the approximately 1,300 SF space includes a waiting room, reception area, three exam rooms, an office/consult room, two restrooms (one with a shower located in the office/consult), an IT closet, and a foyer. This space is adaptable to any medical specialty. The building is proximate to Lenox Hill Hospital and Mount Sinai. Transportation is easily accessible via the 4, 5, 6, N, Q and R trains at 86th St as well as Upper East Side bus routes.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.9k	$51.48
− Vacancy	−$12.6k	−$9.73
EGI	$54.3k	$41.75
− OpEx	−$13.6k	−$10.44
NOI	$40.7k	$31.31

1,300 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$581.5K

$508.8K – $678.5K (±1% cap)

NOI $40,707 @ 7.0% cap · market cap 5.43%

Second Best

Healthcare Medical

$553.6K

$484.4K – $645.8K (±1% cap)

NOI $38,750 @ 7.0% cap · market cap 5.17%

Theoretical Best

Specialty Retail

$3.24M

$2.83M – $3.78M (±1% cap)

NOI $226,512 @ 7.0% cap · market cap 30.20%

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

Property Profile Location Intelligence

Current Use by Public Records

Boczko And Schwartz Mds Physician Dr. Stanley H. ... Physician

Suggested Use

Similar Places Nearby

Sprague Barbara L NP — 800 Poly Pl, New York, NY 11209
Lawrence a Zola, DVM, PC, — 354 E 66th St, New York, NY 10065
Veterinary Surgery of New York City — 310 E 65th St #1C, New York, NY 10065
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: -74.0377582
Latitude: 40.6310987

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For sale
Medical Office Space
NY
New York
10075
23 E 79th St

What type of property is this?

Medical Office Space - Ground floor medical office in pre-war co-op building.

Where is this medical office space located?

The property is located at 23 E 79th St New York, NY.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Ground floor medical office with private street entrance on 79th Street.; Located in a luxury pre‑war co‑op building on the Upper East Side.; Adaptable layout suitable for any medical specialty (approx. 1,300 SF with waiting room, reception, 3 exam rooms, office/consult, 2 restrooms).