123 86Th StNew York, NY 10024

Property Details for 123 86Th St

Year built

1927

Lot size

0.07 AC

Property size (Sq ft)

10,800 SF

Zone code

C51A

Property type

Office buildings

APN

01515-0012

APU

15150012

Description

This exceptional 1,700 square foot medical office space is ideally situated on the ground floor of a pre-war cooperative building at 123 West 86th Street, between Columbus and Amsterdam Avenues on the Upper West Side of Manhattan. The suite boasts a semi-private street entrance with an ADA-compliant lift, ensuring convenient access for all patients. The well-designed layout includes a spacious waiting and reception area, perfect for creating a welcoming atmosphere. Seven exam rooms provide ample space for patient consultations, complemented by two consultation rooms, a dedicated lab, and two restrooms. Seven windows flood the space with natural light, enhancing the overall ambiance. The efficient through-wall HVAC system ensures year-round climate control. Ample storage space is also available, catering to the needs of a busy medical practice. This versatile space is adaptable to a wide range of medical specialties. The location offers unparalleled convenience, with easy access to public transportation, including the 1, 2 trains at 86th Street, the A, C, and B trains at 81st Street, and nearby bus service. Its proximity to major medical institutions such as Mount Sinai West, Lenox Hill Hospital, Mount Sinai Morningside, New York Presbyterian Medical Center, and Weill Cornell Medical Center further enhances its appeal. This is a truly remarkable opportunity for a medical practice seeking a prestigious and functional space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,785,563

  6.5%

  $1,648,212

  7%

  $1,530,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,411,128

  Geo Method

  $1,411,128

• Alternative Use

  Use

  Valuation

  Residential

  $2,043,782

  Hospitality

  $1,872,094

  Educational

  $1,557,560

  Medical

  $1,611,127

  Retail

  $2,422,871

Location Insight

City

New York

County

New York

State

New York

Latitude

40.78

Longitude

-73.956

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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