Property profile

45 72Nd St New York, NY 10021

OFF-MARKET
Office Spaces
1,600 SF Built 1959
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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

Current use

Occupant on record · Public records
  • Physician
  • Hearing Aid Store
  • Physician
  • Physician
  • Physician

Location

45 72Nd St New York, NY 10021
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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