Property profile

4 88Th St New York, NY 10128

OFF-MARKET
Office Spaces
1,800 SF Built 1922
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Property summary

AI-generated overview

This stunning 1,800 square foot Class A medical office is located on the ground floor of a prestigious pre-war cooperative building at 4 East 88th Street in New York City's Carnegie Hill neighborhood. Built in 1922, this nine-story building offers a coveted address just steps from Central Park and the Guggenheim Museum. The move-in ready space features a large reception and waiting area, four exam rooms, two private offices, and four restrooms. Recent renovations include new flooring and a brand-new central air conditioning system. The layout is adaptable to various medical specialties. The building boasts a convenient concierge entrance. This exceptional location provides easy access to public transportation via Upper East Side subway lines and bus routes, and is in close proximity to several prominent hospitals including Lenox Hill Hospital, New York Presbyterian Hospital, Weill Cornell Medical Center, Mount Sinai Hospital, and Memorial Sloan Kettering Cancer Center. Offered at $999,000 ($555 per square foot). This is a rare opportunity to own a prime medical office in a highly desirable location.

Property profile

Verified
Property type Office Spaces
Year built 1922
Total area 1,800 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
  • Physician
  • Film Production Television Studio
  • Physician
  • Physician
  • Physician

Location

4 88Th St New York, NY 10128
New York metro
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Value estimations

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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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