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302-318 E 79th St 510 SF Office/Medical Condo Unit Offered at $449,000 in New York, NY 10075
Investment Highlights
- Prestigious Upper East Side address within Lenox Hill, surrounded by high-density and luxury residential development.
- Exceptional walkability with abundant neighborhood conveniences and strong demand fundamentals.
- Convenient access to the 4, 5, 6, and Q subway lines, crosstown buses, and major Manhattan thoroughfares.
Executive Summary
302–318 E 79th Street offers an exceptional opportunity to acquire a piece of Manhattan’s Upper East Side in the highly regarded Lenox Hill neighborhood. Set within a classic pre-war cooperative, this building reflects timeless architectural elegance while providing flexibility for modern uses. Its multifamily composition is complemented by select ground-floor commercial units, offering potential for owner-users, medical offices, or boutique service concepts. The property is located in one of New York City’s most prestigious and supply-constrained markets, ensuring strong long-term value. Positioned along East 79th Street, the property benefits from unmatched accessibility via multiple subway lines, crosstown bus routes, and convenient proximity to the FDR Drive. The surrounding area is home to an affluent residential base, high-end retail, gourmet dining, and world-class cultural institutions, creating a vibrant, amenity-rich environment. Investors also gain from underlying co-op flexibility, including potential residential conversions subject to applicable approvals. This rare offering combines historic charm, desirable location, and adaptive use potential in one of Manhattan’s most enduring neighborhoods.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User |
| Sale Type | Owner User |
Located within a well-maintained pre-war cooperative, the space is currently configured as a medical office, ideal for professional, wellness, therapy, consulting, boutique office, or owner-user use.
The unit features direct ground-floor access and excellent neighborhood convenience surrounded by dense residential population, luxury housing, established retail, and dining.
Positioned just moments from major transportation, the property benefits from
excellent accessibility within one of Manhattan’s most stable and affluent
submarkets.
A key value-add opportunity is the co-op’s allowance for residential conversion, subject to co-op approval and applicable regulations.
This provides exceptional flexibility for investors, live-work users, or end-users seeking long-term optionality in a supply constrained Upper East Side market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1B | 510 SF | Office/Medical | $449,000 ($880.39/SF) | - |
Unit 1B
| Unit Size |
| 510 SF |
| Condo Use |
| Office/Medical |
| Price |
| $449,000 ($880.39/SF) |
| NOI |
| - |
Unit 1B
| Unit Size | 510 SF |
| Condo Use | Office/Medical |
| Price | $449,000 ($880.39/SF) |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| 308 East 79th Street – Unit 1B offers a rare opportunity to acquire a flexible ground-floor commercial co-op in the heart of the Upper East Side.<br> <br> Located within a well-maintained pre-war cooperative, the space is currently configured as a medical office, ideal for professional, wellness, therapy, consulting, boutique office, or owner-user use.<br> <br> The unit features direct ground-floor access and excellent neighborhood convenience surrounded by dense residential population, luxury housing, established retail, and dining.<br> <br> Positioned just moments from major transportation, the property benefits from<br> excellent accessibility within one of Manhattan’s most stable and affluent<br> submarkets.<br> <br> A key value-add opportunity is the co-op’s allowance for residential conversion, subject to co-op approval and applicable regulations.<br> <br> This provides exceptional flexibility for investors, live-work users, or end-users seeking long-term optionality in a supply constrained Upper East Side market.</li></ul> |
Property Facts
| Total Building Size | 196,400 SF | Floors | 16 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 14,288 SF |
| Property Subtype | Apartment | Year Built | 1927 |
| Building Class | B | Lot Size | 0.40 AC |
| Zoning | R10-A - High density residential district | ||
| Total Building Size | 196,400 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 16 |
| Typical Floor Size | 14,288 SF |
| Year Built | 1927 |
| Lot Size | 0.40 AC |
| Zoning | R10-A - High density residential district |
Amenities
Site Amenities
- 24 Hour Access
- Concierge
- Courtyard
- Fitness Center
- Laundry Facilities
- Doorman
- Elevator
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 195 | - | - |
