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    1001 Park Avenue New York, NY 10028

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    For Sale
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    2,780 SF Medical Office, Upper East Side

    Property size:
    2,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique Upper East Side opportunity presents a 2,780 square foot, Class B medical office space located at 1001 Park Avenue, New York, NY 10028. Built in 1928, this property offers a rare live/work duplex within a full-service cooperative. The ground floor, approximately 1,040 square feet, features a private Park Avenue entrance, a large gallery, three offices (including one oversized corner office with a fireplace and built-ins), and two restrooms. Adaptable to various medical specialties. The second floor, a 1,740 square foot classic six-room apartment, is accessed via a separate residential lobby and elevator, as well as a service entrance and internal staircase. This floor boasts a long gallery, spacious living room with fireplace, formal dining room with built-ins, two bedrooms each with en-suite baths, a staff room, and a bath. Both floors feature pre-war details, high ceilings, and hardwood floors. The building allows washer/dryers in apartments and is pet-friendly. Conveniently located near public transportation, Lenox Hill Hospital, Mount Sinai Hospital, and New York Presbyterian Hospital/Weill Cornell Medical Center. This live/work space offers the rare combination of elegant professional office and residential living, each with private entrances and internal connectivity. The ground floor's layout is easily adaptable to various professional needs.

    Property Features for 1001 Park Avenue

    General Information

    Property type
    Medical offices
    Square Feet
    2,780 SF
    Class
    B

    Building Details

    Year Built
    1928

    HighLights

    • 2,780 SF Medical Office in a Class B building.
    • Located at 1001 Park Ave, New York, NY 10028.
    • Built in 1928.
    • Prime Upper East Side location near major hospitals.
    • Unique live/work opportunity with separate entrances for residential and office spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -73.957772
    Latitude
    40.7789265

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    FAQs

    What type of property is this?
    Medical office - 2,780 SF Medical Office, Upper East Side
    Where is this medical office located?
    The property is located at 1001 Park Avenue New York, NY.
    What are key features of this property?
    This property features: 2,780 SF Medical Office in a Class B building.; Located at 1001 Park Ave, New York, NY 10028.; Built in 1928.
    Request Owner's contact information
    1001 Park Avenue New York, NY 10028
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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
    1001 Park Avenue New York, NY 10028
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