Upper East Side Small Medical Coop

  • 1,100 SQFT
  • $595,000

This 1,100 square foot suite exudes pre-war charm with 10-foot ceilings, ten windows allowing ample natural light, elegant wainscoting, and pristine hardwood floors throughout. The layout is thoughtfully designed, comprising spacious waiting and staff reception areas, an exam room, a consult/office, an administrative area, a kitchen, two restrooms, and a convenient coffee station off the foyer. 1111 Park Ave, Suite 1C is a coveted ground-floor medical/professional office nestled in the heart of Carnegie Hill on the Upper East Side, boasting a strategic location between East 89th and East 90th Street.

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Originally constructed in 1927 by Schwartz & Gross, 1111 Park Avenue stands as a distinguished full-service cooperative building, embodying classic New York City architecture. Residents enjoy the luxury of a full-time doorman, concierge services, a live-in superintendent, fitness facilities, bicycle storage, and a dedicated storage unit included with the apartment.

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Currently configured to accommodate an orthopedic practice, this versatile space is adaptable to suit various medical specialties, offering a turnkey solution for practitioners seeking a prestigious address in a thriving neighborhood.

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Convenient accessibility is a hallmark of this location, with proximity to major transportation hubs including the 4, 5, 6, Q, B, and C train lines, as well as Upper East Side bus routes. Moreover, the suite's close proximity to renowned medical institutions such as Lenox Hill, Mount Sinai, and New York-Presbyterian hospitals further enhances its appeal to medical professionals.

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Maintenance for the unit is approximately $6,000 per month, covering essential services and amenities provided by the cooperative. With 895 shares allocated to the unit, a 2% flip tax is payable by the buyer, and financing is available up to 50% of the purchase price, offering flexibility for prospective owners.

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In summary, 1111 Park Ave, Suite 1C presents a rare opportunity to own a prestigious office space in a historic building within one of Manhattan's most desirable neighborhoods, catering to the discerning needs of medical practitioners seeking elegance, functionality, and convenience.

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Space Features:

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  • Prime ground-floor location
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  • Pre-war charm with 10-foot ceilings
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  • Abundant natural light from ten windows
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  • Thoughtfully designed layout
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  • Spacious waiting and reception areas
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  • Versatile space adaptable to various medical specialties
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  • Proximity to major transportation hubs
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  • Close to renowned medical institutions
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  • Access to full-service cooperative amenities
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  • Flexible financing options
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