List Search

104-110 E 40th St
New York, NY 10016 Murray Hill

$1,395,000 USD

Medical Condo For Sale  •  1,850 SF

Property Details

  • Property Type Medical
  • Total Building Size 52,909 SF
  • Lot Size 0.22 AC
  • Building Class B
  • Year Built 1915
  • Cap Rate 4.09 %
  • Tenancy Multiple
  • Zoning C5-2.5
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
9th Floor - Unit 901 Medical Office 1,850 SF $1,395,000 USD
  • Unit Size: 1,850 SF
  • Condo Use: Medical Office
  • Price: $1,395,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $754.05 USD
Description
•SELLER WILL PAY BUYER'S BROKER 3% WHEN WE CLOSE
•FIVE minutes to seat on train in Grand Central Station from office door!
•THREE minutes to 4, 5, 6, 7, & S trains!
•Super Efficient Customized Office--Furniture Included if desired
•ALL Offices and both Conference Rooms see the sky!
•All Offices and both Conference Rooms have their own Thermostats!
•2 Restrooms, one is Americans with Disabilities Act compliant
•Wet Pantry with Window and lots of storage, refrigerator, microwave, etc.
•CitiBike across from entrance and 1 block north on Park Ave.

Sale Notes
B:895 L:1024
•Gut Renovation including all new Windows, Electrical Wiring, HVAC in 2014
•Mitsubishi Citi HVAC (plus building radiator heat included in maintenance)
•Cat 6 Data wiring throughout
•Multiple 240v Outlets for Large Copiers or Medical Equipment
•Whole Office Surge Suppressor protects all equipment
•New 2026 all LED bulb replacement
•New 2026 switches replaced with Motion Detector Switches/Local Law 88

Description

Great Suite of Top Floor Offices, 2 Streets from the 42nd Street Main Entrance to Grand Central Station!  5 minutes to your Metro North train seat and 3 minutes to the 4, 5, 6, 7 & S trains! The office was completely gutted and renovated including new Electrical Wiring with 240v outlets for medical devices or large capacity copiers. All offices and conference rooms were configured to be able to see the sky. 14 Desks and work stations all via custom built matching furniture, included if desired. 2 Conference Rooms can seat additional 8 employees if needed totaling capacity for a team of up to 22.  Exceptional amenities include wet pantry with lots of storage & window, 2 restrooms (1 ADA compliant) both with windows, whole office surge supressor to protect your electronics devices, Cat 6 wiring for hi speed connectivity, all new LED Bulbs and Motion Detector light switches (Local Law 88 compliant installed in 2026)large storage/IT room and last, but not least, the Mitsubishi Citi HVAC system accomodates separate temperature controls for ALL offices and Each Conference Room--no one has to freeze so that another room can be comfortable!

Highlights

Quiet Space in great building at great location with excellent hardware-wiring-windows throughout--we've been really happy here for over 12 years!

Financial Summary

Cap Rate: 4.09 %
Total Expenses: $48,066 USD

Major Tenants

Tenant SF Occupied Lease End Date
Actus Ltd
Bearing Point
ChangeCorp Inc
Current NY Medical P. C.
Denvita Inc.
Dr.Keyan
Expert Dental
Manhattan Dental Specialty Group
Moadel Eye Specialists
Smile In The City Dental Group

Amenities

  • 24 Hour Access
  • Signage
  • Reception
  • Storage Space
  • Air Conditioning
  • Smoke Detector
  • On-Site Security Staff

Public Transportation

Commuter RailDriveWalkDistance
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min 3 min 0.2 mi
Grand Central (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road) 2 min 8 min 0.4 mi
Transit/SubwayDriveWalkDistance
Grand Central-42 Street (4 - New York MTA Subway (The Subway), 42 St Shuttle - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway), 7 - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
Grand Central-42 St (42 St Shuttle - MTA New York City Transit) 1 min 4 min 0.2 mi
5 Avenue-Bryant Park (7 - New York MTA Subway (The Subway)) 2 min 6 min 0.3 mi
33 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
42 Street-Bryant Park (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), F - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
AirportDriveWalkDistance
LaGuardia 16 min - 8.5 mi
Newark Liberty International 21 min - 14.9 mi
John F Kennedy International 25 min - 16.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Robert Wisnik 917-969-5037 DAJ 901 LLC
Robert Wisnik 917-969-5037 DAJ 901 LLC