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    OFF-MARKET
    Office Spaces

    220 Madison Ave, New York, NY 10016

    4,420 SF
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    Total area 4,420 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
    Current use
    Occupant on record · Public records
    • Dr. Yoon Hee Kim, DDS Dental Office
    • Happy Smile Pediatric Dentistry Dental Office
    • Dr. Julie Cernigliaro, DMD Dental Office
    • Kim Sarah DDS Dental Office
    • Rosenblum Eye Centers Ophthalmologist
    Value estimations
    Realmo proprietary · 4 methods
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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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