1,800 SF | 870 5th Avenue | Luxury Commercial Co-Op Space for Sale

870 5th Avenue New York, NY 10065

870 5th Avenue, New York, NY, 10065
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,000,000
Last Verified:
Feb 06, 2024

Highlights

  • This commercial Co-op space, with five windows overlooking Central Park, has not been on the market for more than four decades. Customize this space to suit your needs, whether it be a state-of-the-art medical facility or the headquarters for your private wealth management firm. Currently set up as a doctor's office, the space features a spacious waiting room and a primary meeting room offering stunning views of Fifth Avenue, Central Park, and 68th Street. Additional amenities include a reception area capable of accommodating up to four receptionists, a lab, multiple patient rooms, and a storage room with a separate entrance that can easily be converted into a private office or an additional patient room.
  • 1,800 SF
  • Perfect for Medical Space, Office, Gym, and other commercial uses.
  • Current built-out doctor's office
  • Seller financing available

Description

This commercial Co-op space, with five windows overlooking Central Park, has not been on the market for more than four decades. Customize this space to suit your needs, whether it be a state-of-the-art medical facility or the headquarters for your private wealth management firm. Currently set up as a doctor's office, the space features a spacious waiting room and a primary meeting room offering stunning views of Fifth Avenue, Central Park, and 68th Street. Additional amenities include a reception area capable of accommodating up to four receptionists, a lab, multiple patient rooms, and a storage room with a separate entrance that can easily be converted into a private office or an additional patient room.

Located in the Upper East Side neighborhood of Manhattan between E 68th St & E 69th St near the 68th St - Hunter College train station.

Nearest Transit: 4 & 6 trains at 68th St - Hunter College and the BxM3, BxM11, BxM4, & M4 bus lines.

Building Size: 235448sq ft
Lot Size: 0.41 acres


Documents

870 5th Ave - Sale Brochure

Map of 870 5th Avenue, New York, NY, 10065

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.