Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 86Th St New York, NY 10024

    • Retail properties
    • 8,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Aubrey G. Clarke, MD / Cardiologist
    • Diana Perez, RN / Nurse Practitioner
    • Marisol Saulog / Physical Therapist
    • Deliyannides Deborah MD / Psychiatrist
    • SALT-N-PEPA / Hotel

    Property Details for 2 86Th St

    Property size
    8,000 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 8,000 square foot medical office building at 2 West 86th Street in New York City presents a rare opportunity. Located in New York County, zip code 10024, this property offers two available suites, perfect for medical practices or fitness centers. The building is categorized as both retail and office space, allowing for versatile usage. Each suite offers a minimum of 3,000 contiguous square feet, with a maximum contiguous space of 5,000 square feet available. Currently, the entire 8,000 square feet is vacant, providing a blank canvas for a discerning tenant to customize the space to their exact specifications. The building's prime location in Manhattan offers excellent visibility and accessibility, making it an ideal location for a thriving medical practice or fitness business. The address is 2 West 86th Street, New York, NY 10024. This is a multi-tenant building, offering a dynamic and collaborative environment. The property is ready for immediate occupancy. Don't miss this chance to secure a prestigious address in one of Manhattan's most desirable neighborhoods.

    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
    -73.9697
    Latitude
    40.7853

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      2431 Broadway

      Medical offices • 20,000 SF
      2431 Broadway, New York, NY 10024
      View Details
    • Value Estimation by Request
      2,800 SF

      211 Central Park

      Medical offices • 2,800 SF
      211 Central Park, New York, NY 10024
      View Details
    • Value Estimation by Request
      2,500 SF

      211 Central Park

      Medical offices • 2,500 SF
      211 Central Park, New York, NY 10024
      View Details
    • Value Estimation by Request
      2,270 SF

      262 Central Park

      Medical offices • 2,270 SF
      262 Central Park, New York, NY 10024
      View Details
    • Value Estimation by Request
      1,000 SF

      145 86Th St

      Medical offices • 1,000 SF
      145 86Th St, New York, NY 10024
      View Details
    • Value Estimation by Request
      1,270 SF

      262 Central Park

      Medical offices • 1,270 SF
      262 Central Park, New York, NY 10024
      View Details

    Similar Nearby for Sale

    • $2,200,000
      2,800 SF

      Central Park West Medical Office

      Prestigious Manhattan medical office space.
      211 Central Park, New York, NY 10024
      View Details
    • $595,000
      1,270 SF

      Central Park West Medical Office

      Prime NYC Medical Office, 1270 SF
      262 Central Park, New York, NY 10024
      View Details
    • $799,000
      724 SF

      Renovated Dental Suite For Sale

      724 SF renovated dental suite with private street entrance.
      1 E 83Rd St, New York, NY 10024
      View Details
    • $300,000
      450 SF

      Upper West Side Commercial Coop

      Prime commercial coop on the Upper West Side.
      151 W 86Th St, New York, NY 10024
      View Details
    • $395,000
      1,270 SF

      Medical Co-op on Central Park

      1,270 SF medical co-op near West 86th Street.
      262 Central Park W, New York, NY 10024
      View Details
    • $1,000,000
      1,384 SF

      Upper West Side Office Condo

      Commercial office/medical condo for sale near Central Park.
      164 W 83Rd St, New York, NY 10024
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Upscale Medical Office Space, NYC

      Prime Manhattan location, flexible suites.
      2 86Th St, New York, NY 10024
      View Details
    • Contact for pricing
      20,000 SF

      Broadway Medical Office Space

      Prime NYC Medical Office - 20,000 SF Available
      2431 Broadway, New York, NY 10024
      View Details
    • Contact for pricing
      950 SF

      West End Avenue Retail Space

      Retail space at the base of a luxury rental building.
      424 W End Ave, New York, NY 10024
      View Details
    • $2,995 /Mo
      492 SF

      Central Park South Medical Office

      Medical office space with Central Park views for lease.
      200 Central Park S, New York, NY 10024
      View Details
    • $6,000 /Mo
      2,100 SF

      Central Park West Shared Office

      Shared office space with exam and consultation rooms available now.
      251 Central Park W, New York, NY 10024
      View Details
    • $3,000 /Mo
      1,500 SF

      Upper East Side Office Space

      Office space in a dense residential neighborhood, perfect for doctors.
      318 E 90Th St, New York, NY 10024
      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.
    2 86Th St
    New York, NY 10024
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.