112 74Th StNew York, NY 10021

Property Details for 112 74Th St

Year built

1910

Lot size

0.05 AC

Property size (Sq ft)

5,845 SF

Zone code

R8B

Property type

Residential income homes

Property subtype

Serviced apartments

APN

01145-0038

APU

11450038

Description

This exceptional medical office, located at 112 East 74th Street in New York City's desirable Upper East Side, is a rare offering. Priced at $595,000, this pre-war, 1917-built, six-room suite boasts two bathrooms and stunning city views. The spacious layout includes a welcoming waiting/reception area and five additional rooms ideal for consultations or exam rooms, plus potential lab space. Conveniently accessible from both the street and the building's attended lobby, this full-service, elevator building offers a range of amenities including a doorman, elevator attendant, building courtyard, basement laundry, and storage. The building also allows pets. Its central air conditioning ensures year-round comfort. The property's prime location between Lexington and Park Avenues provides easy access to Upper East Side hospitals and public transportation, making it an unparalleled opportunity for medical professionals. This is a truly unique and highly desirable medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,198,278

  6.5%

  $1,106,103

  7%

  $1,027,095

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,183,747

  Geo Method

  $1,183,747

• Alternative Use

  Use

  Valuation

  Residential

  $1,106,103

  Hospitality

  $1,013,184

  Educational

  $842,957

  Medical

  $871,948

  Retail

  $1,311,267

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7788

Longitude

-73.9785

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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