Property profile

969 Park Ave New York, NY 10028

OFF-MARKET
Office Spaces
1,000 SF Built 1921
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Property summary

AI-generated overview

This charming 1,000-square-foot medical office building, located at 969 Park Avenue in New York, NY 10028, presents a unique investment opportunity. Built in 1921, this established medical co-op boasts a prime Upper East Side location and benefits from an existing patient base cultivated over years of operation in the neighborhood. The space is thoughtfully designed to include two private exam rooms, a separate private office, and a spacious waiting/reception area, providing ample room for a variety of medical practices. The asking price is $600,000, translating to $600 per square foot. This represents a compelling value proposition for an established practice seeking to expand or a new venture looking to establish a presence in a highly desirable area. The property's layout and existing infrastructure offer immediate operational capabilities, minimizing the need for extensive renovations or upgrades. The building's location on Park Avenue ensures high visibility and easy accessibility for patients. This turnkey opportunity is priced to sell and offers significant potential for growth and return on investment. Serious inquiries are encouraged to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Office Spaces
Year built 1921
Total area 1,000 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 Medical Clinic
  • Physician
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

969 Park Ave New York, NY 10028
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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