Property profile

1199 Park Ave New York, NY 10128

OFF-MARKET
Office Spaces
1,293 SF
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Property summary

AI-generated overview

This exceptional 1,293 square foot medical office, located at 1199 Park Avenue, Suite 1F in New York, NY 10128, is offered for sale at $800,000 ($618.72/SF). Situated on the ground floor between East 94th and East 95th Streets, this space boasts a desirable layout perfectly suited for a variety of medical specialties. Currently configured as a cardiology and endocrinology practice, the suite includes two consultation/offices, four exam rooms, a spacious waiting/reception area, an administrative office, a lab, and two restrooms. The abundance of natural light is highlighted by twelve large windows. Conveniently located near Mount Sinai and Lenox Hill Hospitals, this property offers easy access to public transportation via the Lexington Avenue subway (4, 6, and Q trains at 96th Street) and Upper East Side bus routes. This turnkey opportunity presents a rare chance to acquire a well-established medical office in a highly sought-after location. The property's adaptable design and prime location make it an ideal investment for medical professionals seeking a thriving practice environment.

Property profile

Verified
Property type Office Spaces
Total area 1,293 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
  • Psychotherapist Child Psychiatrist
  • Apartment Building
  • Storage Facility
  • Physician
  • Physician

Location

1199 Park Ave New York, NY 10128
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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