Property summary
This exceptional $400,000 medical office condo, located at 140 West End Avenue, #1K in New York, NY 10023, presents a unique investment opportunity. Situated at the desirable intersection of West 66th Street and West End Avenue, this Class C, post-war high-rise building offers a suite ideally configured for various medical specialties. The 1-bedroom, 1-bathroom unit features a spacious reception area and two offices/exam rooms, providing ample space for patient consultations and administrative tasks. Built in 1964, the building boasts a range of amenities including a 24-hour attended lobby, doorman service, a fitness room, a building courtyard, basement laundry facilities, and pet-friendly policies. Storage is also available. The unit's low monthly carrying costs are a significant advantage, totaling $1,208.87, encompassing common charges of $417.38, real estate taxes of $752.08, and a capital contribution of $39.41. This property offers a compelling combination of prime location, functional layout, and attractive building amenities, making it an ideal investment for healthcare professionals seeking a well-established practice space in a vibrant New York City neighborhood.
Property profile
VerifiedCap rate & NOI
Current use
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Foster Care Service Social Service Agency
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Law Firm
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Architecture Firm
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Gym & Fitness Center
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Computer Wholesaler
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R8 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
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- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning