220 Madison Ave, New York, NY 10016
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.