35 35Th StNew York, NY 10016

Property Details for 35 35Th St

Year built

1955

Lot size

0.35 AC

Property size (Sq ft)

132,955 SF

Zone code

R9X

Property type

Retail residential properties

APN

00865-0024

APU

8650024

Description

This exceptional 2,357 square foot medical office suite, located at 35 East 35th Street, Suite 202, is ideally situated in the Murray Hill submarket of Midtown East, between Madison and Park Avenues. Occupying the second floor of a luxury residential building, this single-tenant space is immediately available and boasts a highly functional layout perfect for a variety of medical specialties. The suite includes a spacious reception area with seating for five, a large waiting area, four exam rooms, two offices/consult rooms, a nurses' station, a dedicated laboratory, two closets, a storage room, and two restrooms. Natural light floods the space through fifteen windows, present in nearly every room. Adding to its appeal is a private balcony accessible from one of the offices/consult rooms and the convenience of central air conditioning. The property is in move-in ready condition, requiring no renovations. Commuting is effortless with easy access to the 4 and 6 subway lines and Upper East Side bus routes. This turnkey medical office presents a rare opportunity in a prime Manhattan location.

• CAP approach

  CAP return

  Valuation

  6%

  $27,256,976

  6.5%

  $25,160,286

  7%

  $23,363,122

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,926,446

  Geo Method

  $26,926,446

• Alternative Use

  Use

  Valuation

  Residential

  $25,160,286

  Hospitality

  $23,046,686

  Educational

  $19,174,572

  Medical

  $19,834,016

  Retail

  $29,827,114

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7483

Longitude

-73.9815

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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