885 Park Ave Apartment New York, NY 10075
This exceptional 725,000 USD executive or medical office suite, located at 885 Park Avenue, Apartment #1A, New York, NY 10075, presents a unique opportunity in a prestigious full-service building. Situated on the ground floor with a convenient lobby entrance, this pre-war space boasts a spacious layout ideal for various medical or executive uses. The suite features a welcoming waiting room and reception area, two consultation rooms (one lead-lined), and two exam rooms, providing ample space for patient interaction or client meetings. Three restrooms ensure convenience, while abundant file storage and two Park Avenue-facing windows enhance the professional atmosphere. The building offers elevator access and allows pets. This prime Upper East Side location provides easy access to major hospitals and public transportation. Note that a 3% flip tax applies to this sale. The suite includes four rooms, two full bathrooms, and one half bathroom. This is a truly remarkable opportunity to establish a thriving practice or executive office in one of Manhattan's most desirable addresses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.