220 Madison Ave New York, NY 10016
- Office Properties & Spaces
- 4,420 SF
Current Use by Public Records
- Dr. Yoon Hee Kim, DDS / Pediatric Dentist
- Happy Smile Pediatric Dentistry / Pediatric Dentist / Dentist
- Dr. Julie Cernigliaro, DMD / Pediatric Dentist
- Kim Sarah DDS / Dentist
- Rosenblum Eye Centers / Ophthalmologist / Lasik Surgeon
Property Details for 220 Madison Ave
- Property size
- 4,420 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class B medical office building at 220 Madison Avenue in New York, NY 10016 presents a unique owner-user investment opportunity. The property boasts 4,420 square feet of space, ideally suited for a variety of medical practices. Currently configured with twelve exam rooms, five private offices, and three bathrooms, the layout is highly functional and efficient. The building is a single-tenant property, offering complete control and flexibility to the owner. The permitted C5-2 zoning allows for a range of uses, and the cooperative ownership structure is open to non-medical tenants as well. The asking price is $3,750,000. The building consists of three units and is situated in a prime Manhattan location, offering excellent visibility and accessibility. The anticipated occupancy date is December 31, 2024. This presents a rare chance to acquire a well-maintained, established medical office building in a highly desirable area of New York City. The property's strong location and versatile configuration make it an attractive investment for both medical professionals and savvy investors seeking a stable, high-return asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9816
- Latitude
- 40.7497
