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    400 56Th St New York, NY 10022

    Sponsored
    For Sale
    $1,699,000

    Luxury 3,267 SF Medical Office for Sale

    Property size:
    3,267 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,267 square foot medical office space at 400 East 56th Street in New York City's Midtown East presents a unique investment opportunity. Currently configured as a dental office, the property boasts twelve examination/operatories and multiple consultation rooms, complemented by two spacious reception areas. The building offers convenient underground parking for both tenants and patients, a significant advantage in this highly desirable location. Building amenities include a rooftop pool, an exercise room, and a versatile meeting/party room with catering capabilities, enhancing the overall tenant and patient experience. This property offers significant flexibility

    Property Features for 400 56Th St

    General Information

    Property type
    Medical offices
    Square Feet
    3,267 SF

    HighLights

    • 12‑operatory dental office with multiple consultation rooms and dual reception areas.
    • Underground parking for tenants and patients.
    • Building amenities include a rooftop pool, fitness center, and a catering‑ready party room.
    • Residential or live/work conversion permitted by right.
    • Monthly maintenance fee: $9,633 (includes taxes; assessments may apply).
    Property Profile Location Intelligence

    Current Use by Public Records

    Marcelle Design, Inc. Design Agency Hell's Kitchen Barbers Barber Shop Hemisphere Hospitality Hotel Pinsky Carl M ... Medical Specialist Worthington Joseph DDS Dentist

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Law Firm 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
    -73.9630783
    Latitude
    40.7571111

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    FAQs

    What type of property is this?
    Medical office - Luxury 3,267 SF Medical Office for Sale
    Where is this medical office located?
    The property is located at 400 56Th St New York, NY.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: 12-operatory dental office with multiple consultation rooms and dual reception areas.; Underground parking for tenants and patients.; Building amenities include a rooftop pool, fitness center, and a catering-ready party room.
    Request Owner's contact information
    400 56Th St New York, NY 10022
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    New York, NY 10022
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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
    400 56Th St New York, NY 10022
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