For Sale
$995,000

1126 Park AveNew York, NY 10128

Prime Carnegie Hill medical office, 1949 SF

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional 1,949 square foot medical office suite, located at 1126 Park Avenue, Suite 1A, in New York City's prestigious Carnegie Hill neighborhood, presents a unique investment opportunity. Situated on the ground floor with a private Park Avenue entrance, this space boasts a spacious waiting room with Park Avenue views, a reception area complete with a kitchenette, five exam rooms, two consultation rooms, an administrative office, a nurses' station, a laboratory, a sterilization room, and three bathrooms. Previously used as an OB/GYN practice, its versatile layout is adaptable to a wide range of medical specialties. The building, constructed in 1929 and renovated in 1985, is a 21-story structure situated on a 14,342 square foot lot, zoned R10. Conveniently located at the corner of Park Avenue and East 90th Street, the property offers excellent accessibility via the 4, 5, 6 subway lines at 86th Street, the Q train at 96th Street, and numerous Upper East Side bus routes. Its proximity to Lenox Hill Hospital and Mount Sinai further enhances its appeal. The asking price is $995,000, with a price per square foot of $510.52. The approximate monthly maintenance is $8,681, and a 2% flip tax applies. Financing options are available up to 50% of the purchase price. This is a single-tenant property within a building containing 70 units.

Highlights

  • 1,949 SF medical office suite in Carnegie Hill, NYC, on the ground floor with private Park Avenue entrance.
  • Spacious layout includes waiting room, reception area with kitchenette, five exam rooms, two consultation rooms, administrative office, nurses' station, lab, sterilization room, and three bathrooms.
  • Located at 1126 Park Avenue, Suite 1A, at the corner of Park Avenue and East 90th Street, near excellent public transportation and major hospitals.
  • Asking price: $995,000 ($510.52/SF), with approximately $8,681 monthly maintenance and a 2% flip tax. Financing available up to 50%.
  • Located in a 21-story, 70-unit building (built 1929, renovated 1985) on a 14,342 SF lot, zoned R10.

Property Details for 1126 Park Ave

Property type
Other office properties, Medical offices
Square Feet
1,949 SF
Year Built/Renovated
1929/1985
Buildings
1
Stories
21
Units
70

Location Insight

City
New York
County
New York
State
New York
Latitude
40.782998677005
Longitude
-73.955260548987
1126 Park Ave, New York, New York

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1126 Park Ave
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