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157 East 32nd Street, New York, NY, 10016

157 East 32nd Street

$2,500,000

Key Information

Cap Rate
6.38%
$ per SF
$787
Lot Size
0.11 Acres
Term Remaining
± 10 Years
Type
Healthcare
Occupancy
100%
NOI
$159,551
Leasable Area
3,173

Highlights

• Premier Midtown East Medical Corridor
157 East 32nd Street is positioned in the heart of Manhattan’s renowned Murray Hill medical district, just steps from NYU Langone Health, Bellevue Hospital, and numerous specialty medical offices, providing exceptional access to one of New York City’s largest healthcare employment hubs.
• Purpose-Built Healthcare Facility
The condominium is configured for medical use with an efficient layout well suited for physician practices, outpatient care, specialty clinics, diagnostic services, or other healthcare providers seeking a highly functional Manhattan location.
• Institutional Healthcare Surroundings
The immediate area is anchored by nationally recognized healthcare institutions, medical office buildings, research facilities, and affiliated physician networks, creating a strong ecosystem that supports long-term patient demand and healthcare tenancy.
• Exceptional Accessibility
Located near FDR Drive, the Midtown Tunnel, Grand Central Terminal, Penn Station, and multiple subway lines, the property offers outstanding accessibility for patients, physicians, and staff traveling throughout Manhattan and the greater New York metropolitan area.
• Strong Demographics & Daytime Population
The surrounding neighborhood benefits from a dense residential population, significant daytime employment, and a continual influx of patients, healthcare professionals, students, and visitors, supporting consistent demand for medical services.
Long-Term Healthcare Investment Fundamentals
The combination of an irreplaceable Manhattan location, proximity to world-class medical institutions, limited availability of healthcare real estate, and sustained demand for outpatient medical services positions the property as an attractive long-term healthcare investment opportunity.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017