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    OFF-MARKET
    Office Spaces

    550 Park Ave, New York, NY 10065

    4,055 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4,055-square-foot medical office suite is ideally situated on the ground floor of a prestigious pre-war luxury co-op building at 550 Park Avenue, between East 61st and East 62nd Streets in the prime Lenox Hill neighborhood of New York City. Currently configured as an ophthalmology/optometry practice, this turnkey space is move-in ready and offers a sophisticated and efficient layout. The suite boasts a private street entrance on Park Avenue, leading to a welcoming reception area and two waiting rooms designed for optimal patient flow. Ten exam rooms, two laboratories, two testing rooms, four administrative offices, a staff lounge, four restrooms, five closets, and a dedicated filing area provide ample space for a thriving practice. The space is well-lit with recessed and overhead lighting, creating a comfortable and productive atmosphere. Additional features include an ADT security system, overhead speakers, and a secondary entrance through the building's main lobby, ensuring the safety and security of both patients and staff. A unique feature is a well-appointed traditional-style wood-paneled office/consult room complete with a Murphy bed and an ensuite bathroom. The building's location offers excellent accessibility via Upper East Side subway lines and bus routes, and is conveniently close to several renowned medical facilities, including Lenox Hill Hospital, Memorial Sloan Kettering Cancer Center, and others. Asking price is $5,275,000.

    Property profile
    Verified
    Property type Office Spaces
    Total area 4,055 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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