303 2Nd Ave, New York, NY 10003
This 1,112 square foot medical condominium, located at 303 Second Avenue in Manhattan's Gramercy Park, presents a unique owner-user opportunity. Situated on the ground floor of a nine-story luxury residential building, this space boasts a thoughtfully designed layout ideal for various medical specialties. Features include a window-lined waiting room, reception area, administrative office, three exam rooms, and two consultation/offices. One consultation office offers the convenience of a private restroom and shower, and both enjoy access to a substantial 36-foot patio. A shared restroom is also available. The property benefits from a separate commercial lobby and enjoys excellent proximity to major medical centers such as NYU Langone, Mount Sinai Beth Israel, and Bellevue. Convenient public transportation access is provided via the 4, 5, and 6 train lines, as well as numerous bus routes. Currently configured as an orthopedic practice, the space is highly adaptable. The asking price is $1,200,000, with a price per square foot of $1,079.14. Annual real estate taxes are $18,149.56, monthly common charges are $1,836.53, and a monthly assessment of $260.01 is in place. This turnkey medical office presents a compelling investment opportunity in a highly desirable location.
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Rushita Patel,Md Pediatrician Physician
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Moskovich Ronald MD Physician
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Progressive FOOT Care Pc Physician
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MELAMED, SCOTT DPM Physician
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Well Ob & Gyn PC Physician
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.