New York (Lenox Hill), NY, 10021 | $595,000

This expansive medical office has been owned and operated by one of Manhattan's top pediatrician practices for over 40 years and is now being offered for sale.

Ideally suited for a wide range of office, medical uses, or a transformation into a stunning residential two bedroom, one bathroom home, this versatile suite welcomes you directly from an elegant gallery into a thoughtfully configured space. Currently featuring a spacious reception and waiting area, two exam rooms, a private office, a restroom, and multiple oversized storage closets, the layout offers immediate functionality. Whether utilized in its existing condition or tailored to meet specific needs, this property presents exceptional flexibility and long-term potential.

Prewar details throughout, original oak floors, wood-burning fireplace, oversized southern facing picture windows with garden views, and high ceilings are some of the lovely features of this unique property.

Built in 1923 and designed by famed architect Donn Barber and the Starrett Brothers, 120 East 75th Street is a distinguished boutique prewar cooperative with 35 units and 9 floors, located on a quiet tree-lined block between Park and Lexington Avenues. The building features a full-time door staff, attentive on-site Resident Manager, bicycle room, private storage and laundry facilities. There is a public parking garage across the street. 50% financing permitted, 2% flip tax payable by purchaser. Pets and pied-a-terre permitted with board approval.

Perfectly situated in the heart of the Upper East Side near all forms of public transportation, shopping, dining, and cultural institutions, this property presents a commercial or residential opportunity of a lifetime.

Features

  • Town: New York
  • Cooling: Other
  • Levels: 9
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Building Other
  • Complex: 75TH STREET APARTME
  • Year Built: 1923
  • Common Charge: $5,431 Monthly
  • Pet Policy: Building Yes,No
  • Appliances: Washer Dryer Allowed
  • MLS#: RLS20064776
  • Days on Market: 142 days
  • Website: https://www.raveis.com
    /prop/RLS20064776/120e75thstreet_newyork_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate   Phone: (212) 891-7000

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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New York (Lenox Hill), NY, 10021

$595,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $476,000 $476,000 $476,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.609% 6.887% 6.078%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,931 $3,048 $3,985
Total Monthly Payment $3,023 $3,140 $4,077

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.