Property profile

1126 Park Ave New York, NY 10128

OFF-MARKET
Office Spaces
1,949 SF Built 1929
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,949 square foot medical office suite, located at 1126 Park Avenue, Suite 1A, in New York City's prestigious Carnegie Hill neighborhood, presents a unique investment opportunity. Situated on the ground floor with a private Park Avenue entrance, this space boasts a spacious waiting room with Park Avenue views, a reception area complete with a kitchenette, five exam rooms, two consultation rooms, an administrative office, a nurses' station, a laboratory, a sterilization room, and three bathrooms. Previously used as an OB/GYN practice, its versatile layout is adaptable to a wide range of medical specialties. The building, constructed in 1929 and renovated in 1985, is a 21-story structure situated on a 14,342 square foot lot, zoned R10. Conveniently located at the corner of Park Avenue and East 90th Street, the property offers excellent accessibility via the 4, 5, 6 subway lines at 86th Street, the Q train at 96th Street, and numerous Upper East Side bus routes. Its proximity to Lenox Hill Hospital and Mount Sinai further enhances its appeal. The asking price is $995,000, with a price per square foot of $510.52. The approximate monthly maintenance is $8,681, and a 2% flip tax applies. Financing options are available up to 50% of the purchase price. This is a single-tenant property within a building containing 70 units.

Property profile

Verified
Property type Office Spaces
Year built 1929
Total area 1,949 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
  • Physician
  • Physician Medical Clinic
  • Physician

Location

1126 Park Ave New York, NY 10128
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1126 Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message