Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    167 67Th St New York, NY 10065
    Property profile & analytics

    167 67Th St New York, NY 10065

    View on Map
    • Retail properties & Spaces
    • 1,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • South Garden Press / Publishing House
    • Herschenfeld Phillip MD / Physician
    • Hoffman Leon MD / Physician / Medical Clinic
    • Julie Biblowit / Physician
    • Surur Fouad MD / Physician

    Property Details for 167 67Th St

    Year built
    1960
    Property size
    1,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This 1,200 square foot medical office, located at 167 East 67th Street, #2C in New York, NY 10065, presents a unique opportunity. Situated in a post-war high-rise building constructed in 1960, this Class C property boasts a desirable Upper East Side location. The unit features five rooms and two bathrooms, offering ample space for a variety of medical specialties. The space is described as warm, welcoming, and comfortable, a departure from the typical sterile medical office environment. The building offers a full suite of amenities including a doorman, attended lobby, concierge service, laundry facilities, and bike and storage options. Air conditioning is installed, and pets are allowed. Pied-à-terre use is permitted. This property is ideal for a medical professional seeking a comfortable and convenient workspace with excellent building amenities. The asking price is $795,000. Don't miss this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9631
    Latitude
    40.7668

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      435 63Rd St

      Medical Office Space • 1,200 SF
      435 63Rd St, New York, NY 10065
      View Details
    • Value Estimation by Request
      1,800 SF

      870 5Th Ave

      Medical Office Space • 1,800 SF
      870 5Th Ave, New York, NY 10065
      View Details
    • Value Estimation by Request
      1,200 SF

      115 61St St

      Medical Office Space • 1,200 SF
      115 61St St, New York, NY 10065
      View Details
    • Value Estimation by Request
      4,055 SF

      550 Park Ave

      Medical Office Space • 4,055 SF
      550 Park Ave, New York, NY 10065
      View Details
    • Value Estimation by Request
      1,800 SF

      130 67Th St

      Medical Office Space • 1,800 SF
      130 67Th St, New York, NY 10065
      View Details
    • Value Estimation by Request
      1,300 SF

      115 61St St

      Medical Office Space • 1,300 SF
      115 61St St, New York, NY 10065
      View Details

    Similar Nearby for Sale

    • $3,975,000
      4,200 SF

      115 East 61st Street - Full Floor Lenox Hill Medical Office

      Medical Office Space • 4,200 SF
      115 61St St, New York, NY 10065
      View Details
    • $2,675,000
      2,000 SF

      Lenox Hill Medical Office Suite

      Move-in ready medical office in prime Lenox Hill location.
      620 Park Avenue, New York, NY 10065
      View Details
    • $1,250,000
      1,765 SF

      Lexington Avenue Medical Suite

      Ground-floor medical suite in a full-service co-op building.
      901 Lexington Ave, New York, NY 10065
      View Details
    • $999,000
      1,765 SF

      Medical Suite on Lexington Avenue

      Ground-floor medical suite in a full-service co-op building.
      903 Lexington Ave, New York, NY 10065
      View Details
    • $900,000
      1,250 SF

      Lenox Hill Medical Office For Sale

      Medical office in Lenox Hill, close to major hospitals.
      115 East 61St St, New York, NY 10065
      View Details
    • $499,000
      1,000 SF

      Medical Suite in Co-op Building

      Ground floor, renovated medical suite in a full-service co-op.
      901 Lexington Ave, New York, NY 10065
      View Details

    Similar Nearby for Lease

    • $12,000 /Mo
      1,765 SF

      Medical Suite on Lexington Avenue

      Renovated medical suite in full-service co-op building for lease.
      137 East 67Th St, New York, NY 10065
      View Details
    • Contact for pricing

      Upper East Side Retail Space

      Garden-level community facility space with multiple skylights on Upper East Side.
      164 E 61St St, New York, NY 10065
      View Details
    • Contact for pricing

      Office/Medical Space for Lease/Sale

      Ground floor office or medical space available for lease/sale.
      5Th Ave, New York, NY 10065
      View Details
    • Contact for pricing
      5,111 SF

      Upper East Side Multi-Floor Space

      Multi-floor space suitable for community facility uses in Upper East Side.
      305 E 63Rd St, New York, NY 10065
      View Details
    • $6,050 /Mo
      854 SF

      Lenox Hill Medical Office Space

      Professional/medical office for lease in Lenox Hill, Manhattan.
      20 East 68Th St, New York, NY 10065
      View Details
    • Contact for pricing
      230 SF

      Lenox Hill Professional Office Suite

      230 SF medical/professional office suite in prime location.
      20 East 68Th St, New York, NY 10065
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    167 67Th St
    New York, NY 10065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    167 67Th St, New York, NY, 10065
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!