155 72Nd StNew York, NY 10021

Property Details for 155 72Nd St

Year built

1922

Lot size

0.09 AC

Property size (Sq ft)

24,960 SF

Zone code

C46A

Property type

Retail properties

Property subtype

Banks

APN

01144-0011

APU

11440011

Description

This exceptional 2,400 square foot ground floor office suite, located on East 72nd Street between Lexington and Third Avenues, is available for the first time in decades. Situated in an impeccably managed, white-glove pre-war building (1928), this space offers convenient access to Manhattan Eye, Ear and Throat Hospital, Lenox Hill Hospital, and Weill Cornell. The suite boasts its own entrance, nine discrete rooms, two reception areas, and two bathrooms (one ADA compliant). A large administrative area, ample storage, and a dual-zone air conditioning system enhance functionality. The space is easily adaptable to various medical specialties or professional uses. The building features an elevator, doorman, attended lobby, and allows pets. The cooperative permits up to 75 percent financing, and there's a possibility of the seller leasing back a portion of the space. This C-class commercial property presents a unique opportunity in a highly desirable location. Asking price is $875,000.

• CAP approach

  CAP return

  Valuation

  6%

  $6,066,152

  6.5%

  $5,599,524

  7%

  $5,199,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,218,410

  Geo Method

  $8,218,410

• Alternative Use

  Use

  Valuation

  Residential

  $4,723,408

  Hospitality

  $4,326,616

  Educational

  $3,599,694

  Medical

  $3,723,493

  Retail

  $5,599,524

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7784

Longitude

-73.9805

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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