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214 E 70th St - UPPER EAST SIDE MEDICAL OFFICE! 600 SF Medical Condo Unit Offered at $565,000 in New York, NY 10021
Investment Highlights
- Conveniently located near NYP, Cornell and MSK hospitals.
- Private entrance off the lobby.
Executive Summary
214 EAST 70TH STREET | UNIT B2 PRIME UPPER EAST SIDE MEDICAL / PROFESSIONAL OFFICE CONDO FOR SALE A rare opportunity to own a beautifully renovated professional office in the heart of Manhattan’s Upper East Side. Located on a picturesque, tree-lined block between Second and Third Avenues. Unit B2 offers a flexible and inviting layout ideal for a variety of professional or medical users. Currently configured as a therapist’s office, the space features a reception/waiting area, two private rooms, excellent natural light and garden views. A private entrance from the building lobby and 24-hour access provide both convenience and privacy. PROPERTY HIGHLIGHTS * Approximately 600 SF * Medical / professional office * Beautifully renovated * Reception / waiting area * Two private rooms * Large windows with garden views * Excellent natural light * Private entrance from building lobby * 24-hour access * Ideal for an owner-user or investor * Convenient to New York-Presbyterian, Weill Cornell and Memorial Sloan Kettering * Near the Q train at 72nd Street and 6 train at 68th Street For more information or a tour call Tom (516) 754-8298
Data Room Click Here to Access
- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 5.37% |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.37% |
Common charges: $5,588.76 per year | $465.73 per month
Revenue:
Rent: $48,000 annually | $4,000 per month
Annual Expenses:
Utilities: Paid by Tenant
Common charges: $5,588.76
Real Estate tax: $12,077.00
Total Expenses: $17,665.76
Net Operating Income: $30,334.24
Asking: $565,000 is a 5 ½ % Cap
Fabulous UES location near Third Avenue. Super close to the 68th St 6 train and the Second Ave Q subways. Not to be missed!
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B2 | 600 SF | Medical | $565,000 ($941.67/SF) | $30,334.24 |
Unit B2
| Unit Size |
| 600 SF |
| Condo Use |
| Medical |
| Price |
| $565,000 ($941.67/SF) |
| NOI |
| $30,334.24 |
Unit B2
| Unit Size | 600 SF |
| Condo Use | Medical |
| Price | $565,000 ($941.67/SF) |
| NOI | $30,334.24 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.37% |
| Description | |
|
Property Taxes: $12,077.00 per year | $1,006.41 per month Common charges: $5,588.76 per year | $465.73 per month Revenue: Rent: $48,000 annually | $4,000 per month Annual Expenses: Utilities: Paid by Tenant Common charges: $5,588.76 Real Estate tax: $12,077.00 Total Expenses: $17,665.76 Net Operating Income: $30,334.24 Asking: $565,000 is a 5 ½ % Cap |
|
| Sale Notes | |
|
Ground floor professional space, 28' wide Prewar Condo Townhouse built in the 1920's. The space has Central Air-Conditioning/Heat, Fabulous UES location near Third Avenue. Super close to the 68th St 6 train and the Second Ave Q subways. Not to be missed! |
Property Facts
| Total Building Size | 7,000 SF | Floors | 4 |
| Property Type | Office (Condo) | Typical Floor Size | 1,353 SF |
| Property Subtype | Medical | Year Built | 1940 |
| Building Class | B | Lot Size | 0.07 AC |
| Zoning | R8B - High Density Residential District. | ||
| Total Building Size | 7,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 1,353 SF |
| Year Built | 1940 |
| Lot Size | 0.07 AC |
| Zoning | R8B - High Density Residential District. |
Amenities
- 24 Hour Access
- Air Conditioning
