Property profile

1590 Madison Ave New York, NY 10029

OFF-MARKET
Retail properties & Spaces
10,720 SF
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Property summary

AI-generated overview

This exceptional medical office space, located at 1590 Madison Avenue in New York City's vibrant Upper East Side, presents a unique investment opportunity. Situated between 106th and 107th Streets, this mixed-use property offers a total of 10,720 square feet, currently entirely vacant and available for lease. The space is divisible, with a minimum leasable area of 820 square feet and a maximum contiguous space of 6,738 square feet, providing flexibility for various medical practices or businesses. The property's prime location on Madison Avenue ensures high visibility and accessibility for patients and clients. This is an ideal opportunity for medical professionals seeking a well-situated, modern space in one of Manhattan's most desirable neighborhoods. The building is classified as both retail and office space, offering versatility in tenant selection. The property is located in New York County, New York, and boasts a convenient address in a high-traffic area. The building's size and layout provide ample space for a variety of medical uses, from individual practices to larger multi-specialty clinics. This is a rare opportunity to secure a significant amount of prime medical office space in a highly sought-after location. The property's 10029 zip code further underscores its prestigious address. Immediate occupancy is available.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,720 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Bakery Discount Store
  • Pharmacy

Location

1590 Madison Ave New York, NY 10029
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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