Property profile

944 Park Ave 1 New York, NY 10028

OFF-MARKET
Flex space
Property ID
US63-0981101
601 SF 0.12 ac lot
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,030 square foot medical office condominium is situated on the ground floor of a full-service luxury pre-war building at 944 Park Avenue, between East 81st and East 82nd Streets in New York City. Boasting a private street entrance, the suite features a well-appointed reception area with tile floors and recessed lighting, three exam rooms, three offices/consult rooms, two restrooms, two administrative offices, a storage room, a file room, two closets, and an IT room. Currently configured as a standard medical practice, the space is adaptable to various medical specialties. Central air conditioning is included, along with an additional staff entrance to the lobby. Conveniently located near public transportation (4, 5, 6, N, Q, and R trains at 86th Street, plus Upper East Side bus routes), this property offers easy access and proximity to Lenox Hill Hospital and Mount Sinai. The asking price is $2,250,000, translating to $1,108.37 per square foot. This is a rare opportunity to acquire a well-appointed medical office condo in a highly desirable Upper East Side location.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Total area 601 SF
Lot 0.12 ac (5,200 SF)
Zoning code R10
APN 01493-1325
UPID US63-0981101

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
  • Gym & Fitness Center Alternative Medicine Practice
  • Home Health Care Service Cardiologist
  • Physician
  • Physician Medical Clinic

Location

944 Park Ave, Unit 1 New York, NY 10028-0319
New York metro Census 14200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k

Owner & transaction history

since 2023
Last sale
$604,000
1 recorded transaction
2023
$604,000

Zoning & alternative use

R10 · New York, NY

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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