Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Dental Office
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Dental Office
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Ophthalmologist
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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