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    Park Avenue Medical Office Co-op Title is generated by Realmo AI

    969 Park Ave, New York, NY 10028

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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:
    131
    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

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    Lauren Curcio

    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

    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.
    • Well‑configured 1,000 sq ft co‑op with reception area, 2 exam rooms, private office, and staff room.
    • Located in a stately 1921 pre‑war building.
    • Low monthly maintenance of $4,500.

    Overview

    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.

    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.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

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    • 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
    -73.9527
    Latitude
    40.7764

    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.
    More about this property
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