315 105Th StNew York, NY 10029

Property Details for 315 105Th St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

7,260 SF

Zone code

R8B

Property type

Residential income homes

Property subtype

Serviced apartments

APN

01891-0046

APU

18910046

Description

This exceptional 2,200 square foot medical office space is ideally situated in East Harlem, New York, at 315 E 105th St, zip code 10029. Located within a larger seven-story building constructed in 2004, this single-tenant space offers a flexible layout perfect for a variety of medical practices. The building boasts a total of 18,207 square feet and includes convenient elevator access. The suite itself features two individual offices, a spacious conference room, six workstations, and abundant natural light from skylights. This move-in ready space is currently vacant and presents a fantastic opportunity for immediate occupancy. The landlord is highly motivated and is offering two months of free rent. The property's convenient location and adaptable design make it suitable for a range of medical professionals, including doctors, therapists, and social workers. The building is situated in the East Harlem submarket and offers easy access to Mount Sinai. The owner is open to making necessary improvements to accommodate a tenant's specific needs. This well-priced opportunity won't last long.

• CAP approach

  CAP return

  Valuation

  6%

  $1,488,366

  6.5%

  $1,373,876

  7%

  $1,275,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,470,317

  Geo Method

  $1,470,317

• Alternative Use

  Use

  Valuation

  Residential

  $1,373,876

  Hospitality

  $1,258,463

  Educational

  $1,047,026

  Medical

  $1,083,035

  Retail

  $1,628,708

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8015

Longitude

-73.9698

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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