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    OFF-MARKET
    Office Spaces

    303 2Nd Ave, New York, NY 10003

    1,112 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Total area 1,112 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rushita Patel,Md Pediatrician Physician
    • Moskovich Ronald MD Physician
    • Progressive FOOT Care Pc Physician
    • MELAMED, SCOTT DPM Physician
    • Well Ob & Gyn PC Physician
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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