20 68Th StNew York, NY 10065

  • Retail space
  • 11,230 SF
For Lease
$80/SF/YR View listing

Property Details for 20 68Th St

Year built
1955
Property size (Sq ft)
11,230 SF
Zone code
C5-1
Property type
Retail space
APN
01382-1001
APU
13821001

Description

This exceptional medical office suite, located at 20 East 68th Street in the heart of Midtown East, New York County, presents a unique opportunity for medical professionals seeking a well-appointed space. The suite, identified as Suite 212, offers a total of 626 square feet of functional space, perfectly configured to meet the needs of a busy practice. The layout includes one spacious waiting room, designed for patient comfort and a welcoming atmosphere. Two well-sized consultation rooms provide ample privacy for patient interactions and examinations. A dedicated restroom is also included for the convenience of both patients and staff. The property is classified as a multi-tenant building, offering a collaborative and professional environment. This prime location in Midtown East provides excellent accessibility for patients and staff, with convenient access to public transportation and numerous amenities. The suite is immediately available and ready for occupancy. This is an exceptional opportunity to establish or expand a medical practice in a highly desirable and convenient location. The space is ideal for a variety of medical specialties and offers a blend of functionality and sophistication. Inquire today to schedule a viewing and secure this exceptional space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,124,360
    6.5%
    $1,960,950
    7%
    $1,820,880
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,526,000
    Geo Method
    $1,526,000
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,824,030
    Mixed-Use / Specialty
    $1,953,950
    Hospitality / Lodging
    $1,433,550
    Office
    $1,942,350
    Institutional / Educational
    $2,031,320
    Residential Income
    $2,376,650
    Multifamily
    $2,850,430
    Automotive / Energy
    $1,741,140
    Parking / Income-Based Land
    $600,845
    Restaurant / Food Service
    $1,016,270
    Healthcare / Senior Housing
    $2,003,740

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7691
Longitude
-73.9677
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,215,843
$3,330,000
$8,148,880
$11,478,880
-
$7,400,000
$20,712,000
$28,112,000

FAQs

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