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    10 Park Avenue New York, NY 10016

    Sponsored
    For Sale
    $5,000,000

    Luxury Medical Office, Prime NYC Location

    Property size:
    1,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,900 square foot medical office co-op presents a unique owner/user investment opportunity in the heart of Manhattan. Located at 10 Park Avenue, New York, NY 10016, this Class A, two-story space boasts a private entrance and a prestigious Park Avenue address. The building features a limestone facade and offers townhouse-style amenities, including a full-time front desk, security personnel, mail service, and an on-site restaurant. This multi-tenant building provides a white-glove service experience. The property is zoned for both commercial and residential use, making it ideal for a variety of medical practices. Its prime location offers unparalleled convenience and prestige, situated on one of Manhattan's most distinguished blocks, close to Central Park, Grand Central Terminal, Penn Station, high-end shopping, acclaimed restaurants, and world-class cultural institutions. The asking price is $5,000,000, translating to $2,631.58 per square foot. Note that interior design shown is an artist's rendering. This rare live/work opportunity provides the ultimate in luxury, convenience, safety, and privacy.

    Property Features for 10 Park Avenue

    General Information

    Property type
    Medical offices
    Square Feet
    1,900 SF
    Class
    A

    HighLights

    • $5,000,000 asking price for a 1,900 SF Class A medical office co‑op.
    • Multi‑tenant property with a $2,631.58 price per square foot.
    • Located at 10 Park Ave, New York, NY 10016, offering owner/user investment opportunity.
    • Two‑story unit with private entrance, limestone facade, and adjacent building amenities including 24/7 security, mail service, and on‑site restaurant.
    • Prime Park Avenue location near Central Park, Grand Central Terminal, and Penn Station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Pharmacy

    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
    -73.981274406965
    Latitude
    40.747711521041

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    FAQs

    What type of property is this?
    Medical office - Luxury Medical Office, Prime NYC Location
    Where is this medical office located?
    The property is located at 10 Park Avenue New York, NY.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price for a 1,900 SF Class A medical office co-op.; Multi-tenant property with a $2,631.58 price per square foot.; Located at 10 Park Ave, New York, NY 10016, offering owner/user investment opportunity.
    Request Owner's contact information
    10 Park Avenue New York, NY 10016
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    New York, NY 10016
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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
    10 Park Avenue New York, NY 10016
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