Park Avenue Medical Office Co-op

969 Park Ave New York, NY 10028

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For Sale
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Prime Upper East Side medical office co-op for sale.

Type:Office
Property size:
1,000 SF
Price / SF:
$399/SF
Added:
Feb 26, 2026
Days on Market:
135
Last Refresh:
Jun 24 at 10:35 am

Property Features for 969 Park Ave

General Information

Standard status
Active
Size
1,000 SF
Property subtype
Office

Listing office Compass

Listing date Feb 26, 2026

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 Compass


Investment Insights

Based on property information with market context.

Located at the corner of Park Avenue and East 82nd Street, this medical office co-op is available for sale. The property, situated in the Upper East Side, encompasses approximately 1,000 square feet. The co-op features a waiting and reception area with high ceilings, two exam rooms, a private office, and a staff room. Housed within a pre-war building dating back to 1921, the office space offers a setting that combines professionalism with Upper East Side charm. The property is suited for healthcare professionals.

Key Highlights

  • Prime Upper East Side location at Park Avenue and East 82nd Street.
  • Turnkey medical office space ideal for healthcare professionals.
  • Priced to sell at $399,000.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $51.5k $51.48
− Vacancy −$9.7k −$9.73
EGI $41.8k $41.75
− OpEx −$10.4k −$10.44
NOI $31.3k $31.31
1,000 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

Alternative Uses

Best Use
Office B
$447.3K
$391.4K – $521.9K (±1% cap)
NOI $31,313 @ 7.0% cap · market cap 7.85%
Second Best
Healthcare Medical
$425.8K
$372.6K – $496.8K (±1% cap)
NOI $29,808 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M (±1% cap)
NOI $174,240 @ 7.0% cap · market cap 43.67%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Law Firm Auto Repair Shop Accounting Firm Barber Shop Real Estate Agency Big Box & Wholesale Store Daycare Center Auto Parts Store Electrical Service Kitchen & Bath Showroom

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

Similar Off Market Nearby

  • VCA Park East Animal Hospital — 1390 2nd Ave, New York, NY 10021
  • Park East Animal Hospital — 1390 2nd Ave, New York, NY 10021
  • Dr. Leah Jackson, VMD — 1390 2nd Ave, New York, NY 10021
  • Petco Vaccination Clinic — 1155-1157 3rd Ave, New York, NY 10065
  • Milbank J S DVM — 3 E 64th St, New York, NY 10065

FAQs

What type of property is this?
Medical Office Space - Prime Upper East Side medical office co-op for sale.
Where is this medical office space located?
The property is located at 969 Park Ave New York, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime Upper East Side location at Park Avenue and East 82nd Street.; Turnkey medical office space ideal for healthcare professionals.; Priced to sell at $399,000.
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