Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    252 89Th St New York, NY 10128

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • JE Aesthetics / Dermatologist
    • Trinity Development Group, Inc. / Contractor / General Contractor
    • Gross S / Art Gallery

    Property Details for 252 89Th St

    Property type
    Office Properties & Spaces

    Description

    This exceptional master lease assignment presents a unique opportunity to acquire a ground-floor office space in a desirable Yorkville location at 252 East 89th Street. The 334-square-foot space offers approximately 267.27 square feet of usable area, featuring a private entrance and one bathroom. The space is situated on the ground floor, providing convenient street-level access. Heat is included, while tenant is responsible for Con Edison charges. This single-tenant office is part of a co-op building and offers 24/7 access. Note that the provided photos are virtually staged. The master lease has approximately 41 years remaining, presenting a compelling long-term investment opportunity. This property is ideal for a 1031 exchange and financing options, including rent-to-own and owner financing, may be available. The asking price is $180,000, with a current monthly rent of $773.99. All dimensions are approximate; potential buyers are advised to conduct their own due diligence regarding exact measurements. Please be aware that all information is subject to change without notice.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9509
    Latitude
    40.7798

    Comparable in this City

    • Value Estimation by Request
      334 SF

      252 89Th St

      Office Properties & Spaces • 334 SF
      252 89Th St, New York, NY 10128
      View Details
    • Value Estimation by Request
      1,100 SF

      1192 Park Ave

      Medical offices • 1,100 SF
      1192 Park Ave, New York, NY 10128
      View Details
    • Value Estimation by Request
      2,500 SF

      1725 York Ave

      Medical offices • 2,500 SF
      1725 York Ave, New York, NY 10128
      View Details
    • Value Estimation
      $2,060,000
      8,138 SF

      316 91st St, Unit 2

      CONDOMINIUM OFFICES • 8,138 SF
      316 91st St, New York, NY 10128-5942
      View Details
    • Value Estimation by Request
      2,158 SF

      1765 1St Ave

      Restaurants • 2,158 SF
      1765 1St Ave, New York, NY 10128
      View Details
    • Value Estimation by Request
      334 SF

      89Th St

      Office Properties & Spaces • 334 SF
      0 89Th St, New York, NY 10128
      View Details

    Similar Nearby for Sale

    • $995,000
      2,000 SF

      2000 SF Gracious Office Available For Sale

      2000 SF Gracious Office Available For Sale
      1115 Fifth Ave, New York, NY 10128
      View Details
    • $425,000

      Park Avenue Adaptable Office Space

      Versatile Park Avenue office suitable for medical or commercial use.
      1070 Park Ave, New York, NY 10128
      View Details
    • $13,700,000
      3,002 SF

      Madison Avenue Chase Bank For Sale

      New 15-year NNN lease Chase Bank on Madison Avenue.
      1295 Madison Ave, New York, NY 10128
      View Details
    • $489,000

      Residential Property in New York

      Residential property for sale in New York, NY.
      321 E 89Th St, New York, NY 10128
      View Details
    • $595,000

      The Whitney Apartment with Sunset Views

      One-bedroom apartment in full-service co-op with flexible sublet policy.
      200 E 90Th St, New York, NY 10128
      View Details
    • $1,299,000

      New York Specialty Property

      Specialty property available for sale in New York, NY.
      155 E 93Rd St, New York, NY 10128
      View Details

    Similar Nearby for Lease

    • $16,962 /Mo
      3,450 SF

      Yorkville Medical Office Space Available

      Ground-floor medical office in Yorkville, Upper East Side.
      1755 York Ave, New York, NY 10128
      View Details
    • Contact for pricing
      3,375 SF

      Class A Medical Office Sublease

      Medical office space available for sublease in New York.
      175 E 96Th St, New York, NY 10128
      View Details
    • Contact for pricing
      7,500 SF

      Fifth Ave Medical Office Space

      7,500 SF Medical Office, NYC, Vacant
      0 5Th Ave, New York, NY 10128
      View Details
    • Contact for pricing
      680 SF

      Retail/Medical Space Near Transportation

      Retail or medical space available near major transportation.
      108 E 96Th St, New York, NY 10128
      View Details
    • $132 SF/Yr
      1,365 SF

      Second Avenue Retail Space For Lease

      Yorkville Laundromat, 1365 sq ft, Immediate Possession
      0 Undisclosed, New York, NY 10128
      View Details
    • Contact for pricing
      250 SF

      Prime NYC Retail Space For Lease

      250 SF Retail Space in Manhattan
      301 90Th St, New York, NY 10128
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    252 89Th St
    New York, NY 10128
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.