Property summary
This exceptional 1,200 square foot Class A medical office suite, located at 1060 5th Avenue, New York, NY 10128, presents a unique investment opportunity. Situated on Fifth Avenue, directly across from Central Park, this property boasts a prestigious address and unparalleled visibility. The building, constructed in 1928 and renovated in 1953, is a single-story cooperative structure with permitted R zoning. Currently 100% occupied, this multi-tenancy space offers numerous exam and consultation rooms, presenting a turnkey solution for medical professionals. The suite is move-in ready and impeccably maintained, showcasing a high-quality finish. Subleasing to other physicians is permitted, providing potential for additional income streams. The asking price is $995,000, and the maintenance fees are 100% tax deductible. This is a rare opportunity to acquire a thriving medical practice in one of Manhattan's most coveted locations. The property's prime location and exceptional condition make it an ideal investment for owner-users seeking a high-return asset in a highly desirable area. Don't miss this chance to own a piece of Fifth Avenue's prestigious medical corridor.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician Hospital
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Physician
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Physician
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Physician
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
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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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