Log In/Sign Up
Your email has been sent.
400-416 E 56th St - Plaza 400 4,880 SF Medical Condo Unit Offered at $3,595,000 in New York, NY 10022
Investment Highlights
- Ground floor retail/medical space with open plaza and strong street presence
- Equipped with a nuclear cardiology laboratory for specialized care
- Located in Sutton Place, near 59th Street Bridge and major transit links
- Built out with 15 exam rooms, three restrooms, and a reception area
- ADA-compliant entry with tenant-controlled HVAC and direct electric meter
- High-speed internet connectivity suitable for modern business operations
Executive Summary
The property is situated at the northeast corner of 1st Avenue and East 55th Street in Manhattan. It is near the 59th Street Bridge and Roosevelt Island Tram, with access to subway and bus lines.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
First Pioneer Realty presents a rare opportunity to acquire a fully built-out medical/retail condominium located at 401 East 55th Street in Manhattan’s renowned Sutton Place neighborhood. This 4,880-square-foot ground floor space offers exceptional functionality for healthcare providers, wellness centers, and specialty practices, while also being adaptable for high-visibility retail operations. The expansive floor plan incorporates 15 exam rooms, three private restrooms, a nuclear cardiology lab, and a welcoming reception area, ensuring a turn-key solution for medical use.
Sale Notes
4,880 SF Ground floor corner unit built medical with retail exposure.
Co-op unit.
Can also be converted to residential.
Co-op unit.
Can also be converted to residential.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 401 | 4,880 SF | Medical | $3,595,000 ($736.68/SF) | - |
Unit 401
| Unit Size |
| 4,880 SF |
| Condo Use |
| Medical |
| Price |
| $3,595,000 ($736.68/SF) |
| NOI |
| - |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 401
| Unit Size | 4,880 SF |
| Condo Use | Medical |
| Price | $3,595,000 ($736.68/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| First Pioneer Realty presents a rare opportunity to acquire a fully built-out medical/retail condominium located at 401 East 55th Street in Manhattan’s renowned Sutton Place neighborhood. This 4,880-square-foot ground floor space offers exceptional functionality for healthcare providers, wellness centers, and specialty practices, while also being adaptable for high-visibility retail operations. The expansive floor plan incorporates 15 exam rooms, three private restrooms, a nuclear cardiology lab, and a welcoming reception area, ensuring a turn-key solution for medical use.</li></ul> | |
| Sale Notes | |
| 4,880 SF Ground floor corner unit built medical with retail exposure.<br> Co-op unit.<br> Can also be converted to residential.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 788,706 SF | Typical Floor Size | 22,894 SF |
| Property Type | Multifamily (Condo) | Year Built | 1969 |
| Property Subtype | Apartment | Lot Size | 1.07 AC |
| Building Class | B | Parking Ratio | 10/1,000 SF |
| Floors | 38 | ||
| Zoning | R10,Manhattan,(D4) - High Density Residential District. | ||
| Total Building Size | 788,706 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 38 |
| Typical Floor Size | 22,894 SF |
| Year Built | 1969 |
| Lot Size | 1.07 AC |
| Parking Ratio | 10/1,000 SF |
| Zoning | R10,Manhattan,(D4) - High Density Residential District. |
Amenities
Site Amenities
- 24 Hour Access
- Concierge
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Security System
- Doorman
- Grill
- Package Service
- Elevator
- Lounge
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 139 | - | - |
| 1+1 | 281 | - | - |
| 2+2 | 209 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| New York Kids Club |
-
|
Jan 0000
|
| Plaza Dry Cleaners |
-
|
Jan 0000
|
| CP Burn |
-
|
Jan 0000
|
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
