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    OFF-MARKET
    Office Spaces

    45 72Nd St, New York, NY 10021

    1,600 SF Built 1959
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,600 square foot medical office space, located at 45 East 72nd Street in New York, NY 10021, presents a unique investment opportunity. Situated between Park and Madison Avenues in the Upper East Side's desirable Coop building, this Class C property boasts a prime location and is currently vacant. Built in 1959, the space features central air conditioning, five exam rooms, two large consultation rooms, a reception and waiting area, two bathrooms, and two administrative areas. Large south-facing windows provide excellent natural light throughout the day. The property offers convenient access via two entrances – one from the street and another from the recently renovated lobby. The asking price of $995,000 represents an attractive price per square foot, making this a compelling opportunity in a competitive market. The building is an upscale cooperative, and the seller is motivated. Few medical offices of this size are available in this location. This property is ideal for medical professionals seeking a well-appointed space in a prestigious Upper East Side neighborhood.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1959
    Total area 1,600 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
    • Bienstock Paul A MD Physician
    • Better Hearing Assoc Hearing Aid Store
    • Dr. Alvin Katz, M.D., P.C. Physician
    • Cohn Lawrence J MD Physician
    • Margaret Langner Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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