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$ 400,000
Est. payment | /mo
0.5 Baths
1,000 SqFt
$ 400,000
Est. payment | /mo
0.5 Baths
1,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $400
MLS Listing ID 12033654
Style High-rise
Half Baths 1
Year Built 1930
Property Description
READ: Photos four (4) through seven (7) are virtually staged. This dated professional office space is located at the base of an elegant, full-service Art Deco pre-war cooperative located in the heart of Carnegie Hill on the Upper East Side. 40 East 88th Street commands a highly coveted position just steps from Madison Avenue. The surrounding blocks teem with luxury townhouses and residential buildings, bustling retail corridors, medical centers, acclaimed restaurants, and vital transit hubs. For approximately 35 years, this medical suite housed a thriving OB-GYN practice. A rising physician can immediately leverage this established medical footprint to capture the affluent local clientele. The dated office is located at ground level with a private street entrance along with an entrance within the Art Deco lobby for residents within the building. Spanning approximately 1,000 square feet inclusive of the street vestibule, this versatile layout effortlessly anchors a wide range of professional enterprises. The floor plan adapts seamlessly to host accounting firms, legal practices, architecture studios, family offices, chiropractic clinics, therapy practices, or acupuncture centers. Bring your architect and imagination to integrate the versatile layout. The current configuration, as shown in the floorplan, has two offices, an exam room, a waiting room, a reception area, file and storage rooms, and a private bathroom. This layout offers complete flexibility, allowing owners to reconfigure the square footage to meet exact operational demands. The architectural details boast an estimated 12.75-foot ceilings, original hardwood flooring laid in a herringbone pattern, and oversized windows that allow for natural light into the workspace. The listing price of $400K has been adjusted to take into account the work that will be needed for this dated office. The monthly maintenance is $4,309.83, and there is a monthly assessment of $432.28. The office is perfectly situated in the middle of a transit nexus, providing employees and clients with unparalleled commuting versatility. Commuters can access the 4, 5, 6, and Q subway lines, alongside East 86th Street crosstown buses, Fifth Avenue downtown routes, and Madison Avenue uptown lines. Additionally, available street parking accommodates those traveling by vehicle. The iconic Art Deco landmark preserves a rich cultural legacy that eclipses its architectural craftsmanship. Celebrated creative titans once anchored the residential wing of the cooperative. Legendary American actor and comedian Bert Lahr resided in the building, capturing global fame as the Cowardly Lion in the 1939 masterpiece, The Wizard of Oz. Fellow resident Milton Berle the trailblazing comedian and actor affectionately dubbed "Mr. Television", also graced the premises. Renowned abstract expressionist and conceptual minimalism pioneer Ad Reinhardt completed the roster, cementing his artistic legacy through his near-monochromatic "Black Paintings". Long before these artists arrived, 19th-century New Yorkers knew the surrounding enclave as Prospect Hill. The neighborhood assumed its modern identity, Carnegie Hill following the 1902 completion of industrialist Andrew Carnegie's grand estate. All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Location
State NY
County New York County
Rooms
Dining Room 0
Kitchen 0
Building
Story 15
Sewer Municipal
Water Municipal
Others
Nearby Locations
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