620 Park Ave, New York, NY 10065
This exceptional 650-square-foot medical office building, located at 620 Park Avenue in New York, NY 10065, presents a unique investment opportunity. Situated on Park Avenue at East 65th Street, this Class C building, constructed in 1924, offers a convenient street entrance, perfect for patient accessibility. The interior layout includes a welcoming waiting room, two examination rooms, one spacious central consultation room, and a reception area. Currently vacant, this property is ideally suited for a variety of medical specialties, offering immediate occupancy for a new practice. The asking price is $695,000, with low monthly maintenance fees. The building's prime location on Park Avenue provides excellent visibility and accessibility, making it an attractive proposition for medical professionals seeking a well-established presence in a high-demand area. This is a rare opportunity to acquire a well-positioned medical office space in a prestigious New York City location. The property's existing infrastructure, including the waiting room, examination rooms, and consultation area, minimizes the need for extensive renovations, allowing for a quick and efficient setup. Don't miss this chance to own a piece of New York City's thriving medical community.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.