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10 Park Ave - Ten Park Avenue 1,800 SF Office/Medical Condo Unit in New York, NY 10016
Investment Highlights
- 1,600 SF duplex unit with private Park Avenue street entrance
- Strong walk-in and professional traffic corridor
- Office/Retail zoning with ultra low
Executive Summary
UNIQUE OPPORTUNITY ON PARK AVENUE WITH EXTREMELY LOW MAINTENANCE! Welcome to townhouse like Apartment 1H/2H at 10 Park Avenue in the heart of Murray Hill! This duplex offer utmost privacy with its own private entrance on Park Avenue and access to luxurious amenities the building has to offer. As Co-Op monthly maintenance and real estate tax fee combined is $3,893. 1H/2H offers a unique live/work opportunity - build out and operate your very own office or commercial space on the ground level while utilizing the second floor as your primary residence or pied-à-terre. This space would be perfect for a doctor, dentist, therapist, hair stylist, medical SPA, hedge fund office or entrepreneur. Amenities include 24-hour doorman, concierge, resident manager, fully furnished and planted roof deck with spectacular views, bike room, and storage. This home offers one of the most prestigious addresses at the center of Park Avenue and Murray Hill/Gramercy convenience. The dining, shopping, and entertainment of NoMad, Chelsea and vibrant Flatiron district surround you on all sides - blocks away from Grand Central, Madison Square Park, major city hospitals and multiple modes of transportation. Save huge on ultra-low monthly maintenance, property tax and advertising cost for your business as this location has one of the highest foot traffic in New York City.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Office
- Smoke Free
Site Amenities
- 24 Hour Access
- Concierge
- Security System
- Doorman
- Package Service
- Smoke Free
- Elevator
- Lounge
- Public Transportation
1 Unit Available
Unit 1H/2H
| Unit Size | 1,800 SF | Sale Type | Owner User |
| Condo Use | Office/Medical | Sale Conditions | Building in Shell Condition |
| Unit Size | 1,800 SF |
| Condo Use | Office/Medical |
| Sale Type | Owner User |
| Sale Conditions | Building in Shell Condition |
Description
TURN-KEY MANHATTAN PROFESSIONAL PLATFORM WITH OWNED PARK AVENUE REAL ESTATE
Ten Park Avenue Unit 1H/2H presents a rare opportunity to acquire a duplex commercial condominium located along one of Manhattan’s most recognized corridors, offering approximately 1,600 square feet across ground and second levels connected by an internal staircase.
The premises have successfully supported a long-standing dental manufacturing laboratory operation generating approximately $1.2M in annual revenue, demonstrating proven commercial functionality, infrastructure capability, and efficient operational layout suitable for a wide range of professional, medical, laboratory, showroom, or owner-user applications.
Ownership is offering flexible acquisition structures designed to accommodate multiple buyer profiles, including:
- Acquisition of the commercial real estate for owner-use or investment
- Transition or acquisition of the established operating dental laboratory business
Combined acquisition representing a fully integrated Manhattan operating platform with owned real estate
Delivered vacant or with operational continuity at purchaser’s option, the property provides immediate usability while eliminating long-term leasing exposure within a supply-constrained Midtown Manhattan location.
Opportunities combining Park Avenue ownership, existing operational infrastructure, and flexible acquisition pathways are exceptionally rare.
Sale Notes
FLEXIBLE ACQUISITION STRUCTURE & STRATEGIC VALUE POSITIONING
Ownership will consider multiple transaction structures to accommodate investor, owner-user, or strategic buyers.
Strategic Platform Acquisition (Real Estate + Operating Business):
Approximate combined value guidance: $5,000,000
Real Estate Acquisition Only:
Asking Price: $4,000,000
The premises have supported an operating enterprise producing approximately $1.2M in annual revenue, evidencing long-term commercial viability and strengthening buyer confidence in the location and layout.
Acquisition of the real estate independently provides buyers the opportunity to secure Park Avenue commercial ownership below the total integrated platform valuation while maintaining flexibility for immediate occupancy, leasing, or a new concept.
Any buyer planning a new concept benefits from Manhattan’s scarcity of comparable owner-user space: acquiring an established Park Avenue footprint avoids the time and uncertainty of sourcing, negotiating, and delivering similar space in today’s market. Renovation and reconfiguration can be tailored to the purchaser’s intended use.
Ownership welcomes qualified inquiries and will evaluate proposals within the context of this broader strategic offering. BEST OFFERS ACCEPTED BEFORE MARCH 3, 2026.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+2 | 268 | $24,000 | 11,600 |
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Kathy Kouroupas, D.M.D. |
-
|
August 2017
|
Presented by
Alistagen Corporation
10 Park Ave - Ten Park Avenue
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