1036 Park Ave New York, NY 10028
This tastefully renovated 1,200 square foot medical office building at 1036 Park Avenue, New York, NY 10028, presents a unique owner-user investment opportunity. Located on Park Avenue and East 86th Street, this Class C building boasts a desirable location close to Upper East Side hospitals. Built in 1957, the property features a single tenancy and is currently configured as a cardiologist's office. The space includes several exam rooms, a bright and airy consultation room, a waiting room, a diagnostic room, and a reception area. Central air conditioning is installed throughout. The building benefits from exceptionally low maintenance costs, which are 100% tax deductible. The street entrance is conveniently located on East 86th Street. This is a beautifully redone space offering a blend of elegance and functionality in a prime Manhattan location. The cooperative ownership structure provides additional investment advantages. The asking price for this exceptional property is $999,000. This is a rare opportunity to acquire a well-maintained medical office in a highly sought-after area of New York City.
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
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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.