172 Madison Avenue #MANSION
About This Property
The full floor mansion residence boasts nearly 3,000 interior square footage, 4 spacious bedrooms all including full en-suite bathrooms with heated marble floors, and a guest powder room. Outside, you will revel in the wraparound terrace amounting to an additional 3,000 square feet of outdoor space, including a heated 50 foot private swimming pool.
The wow factor begins the moment you step off the elevator to your private landing complete with stunning marble floors. As you move into the living room, you will be blown away by the 18 foot ceilings, the floor to ceiling wrap around windows, the beautiful white oak floors, and the expansive open layout, all overlooking your private swimming pool and terrace.
The open kitchen features top of the line Miele appliances and sleek white cabinetry. There is an integrated Marvin wine cooler and Miele custom overlay refrigerator and dishwasher, along with a vented cooking range. This is beautifully finished with a Luce De Luna quartz counter.
Each of the bedrooms offer ample space and privacy, along with generous walk-in closets and full ensuite baths. They also provide direct access to the wrap around terrace. The master bedroom is particularly impressive. It features three large walk-in closets, and a beautiful 5 fixture black marble bathroom.
172 Madison offers refined elegance in the heart of Manhattan. The building is fully staffed, featuring a full-time doorman and live-in super to take care of your needs. The 172 Spa and Gym have everything you could ever need right in your building. There are also classes, and one of the largest residential pools and hot tub in all of New York City.
The Mansion at 172 Madison places you moments away from some of the best dining and shopping Manhattan has to offer, as well as multiple mass transit stops.
The complete offering terms are in an Offering Plan available from the Sponsor, File No. CD# 14-0345. Sponsor: Madison 33 Owner, LLC, 461 Park Avenue South, 6th Floor, New York, N.Y. 10016.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 7, 2021 | No longer available | - | |
No longer available | |||
Apr 6, 2021 | Sold | $11,000,000 | |
Sold | |||
Feb 3, 2021 | In contract | - | |
In contract | |||
Jan 7, 2021 | Relisted | $11,000,000 | |
Relisted | |||
Dec 19, 2020 | No longer available | - | |
No longer available |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/12/2023
|
2 Bed
|
3 Bath
|
-
|
$2,250,000
2 Bed
3 Bath
|
-
-
|
-
|
Jessica Taylor
Serhant
|
|
10/10/2023
|
3 Bed
|
4 Bath
|
-
|
$4,325,599
3 Bed
4 Bath
|
-
-
|
-
|
Jessica Taylor
Serhant
|
|
08/01/2023
|
1 Bed
|
2 Bath
|
891 ft²
|
$1,549,000
1 Bed
2 Bath
891 ft²
|
$1,500,000
-3.16%
03/06/2024
|
-
|
Geraldine Dayan
Elliman
|
|
03/12/2023
|
1 Bed
|
2 Bath
|
-
|
$1,570,000
1 Bed
2 Bath
|
$1,560,000
-0.64%
08/23/2023
|
Petra Bergstrand
Exp Realty NYC
|
||
02/22/2023
|
2 Bed
|
3 Bath
|
1479 ft²
|
$2,475,000
2 Bed
3 Bath
1479 ft²
|
$2,250,000
-9.09%
07/28/2023
|
Asaf Barlev
Corcoran Group
|
||
05/27/2022
|
1 Bed
|
2 Bath
|
891 ft²
|
$1,795,000
1 Bed
2 Bath
891 ft²
|
$1,550,000
-13.65%
06/15/2023
|
-
|
Geraldine Dayan
Elliman
|
|
05/23/2022
|
1 Bed
|
2 Bath
|
891 ft²
|
$1,850,000
1 Bed
2 Bath
891 ft²
|
$1,570,000
-15.14%
03/13/2023
|
Lin Pan
Lin Pan International Realty LLC
|
||
11/18/2021
|
3 Bed
|
4 Bath
|
2146 ft²
|
$4,750,000
3 Bed
4 Bath
2146 ft²
|
$4,083,000
-14.04%
11/10/2022
|
Charlie Attias
Compass
|
||
05/25/2021
|
2 Bed
|
3 Bath
|
1476 ft²
|
$2,950,000
2 Bed
3 Bath
1476 ft²
|
$2,596,540
-11.98%
06/09/2021
|
Eleonora Srugo
Douglas Elliman Real Estate
|
||
01/04/2021
|
|
2 Bed
|
3 Bath
|
1478 ft²
|
$2,500,000
2 Bed
3 Bath
1478 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
01/24/2020
|
2 Bed
|
3 Bath
|
1488 ft²
|
$2,800,000
2 Bed
3 Bath
1488 ft²
|
$2,341,980
-16.36%
05/15/2020
|
Efraim Tessler
Corcoran Group
|
||
10/31/2019
|
4 Bed
|
5 Bath
|
2958 ft²
|
$13,000,000
4 Bed
5 Bath
2958 ft²
|
$11,000,000
-15.38%
04/06/2021
|
-
|
Joshua Heyer
The Agency Brokerage
|
|
10/04/2019
|
2 Bed
|
3 Bath
|
1488 ft²
|
$2,547,000
2 Bed
3 Bath
1488 ft²
|
$2,175,000
-14.61%
04/03/2020
|
Efraim Tessler
Corcoran Group
|
||
04/08/2019
|
2 Bed
|
3 Bath
|
1479 ft²
|
$2,800,000
2 Bed
3 Bath
1479 ft²
|
$2,850,000
+1.79%
07/10/2019
|
-
|
Raphael Sitruk
Keller Williams NYC
|
|
07/15/2018
|
1 Bed
|
2 Bath
|
780 ft²
|
$2,050,000
1 Bed
2 Bath
780 ft²
|
$1,985,590
-3.14%
12/17/2018
|
Carrie Chiang
Corcoran Group
|
||
06/15/2018
|
2 Bed
|
2 Bath
|
1458 ft²
|
$3,800,000
2 Bed
2 Bath
1458 ft²
|
$3,579,150
-5.81%
09/27/2018
|
Janet Wang
Corcoran Group
|
||
06/14/2018
|
2 Bed
|
2 Bath
|
1479 ft²
|
$3,375,000
2 Bed
2 Bath
1479 ft²
|
$2,750,000
-18.52%
08/01/2018
|
Carrie Chiang
Corcoran Group
|
||
03/26/2018
|
2 Bed
|
3 Bath
|
1488 ft²
|
$3,150,000
2 Bed
3 Bath
1488 ft²
|
$2,800,000
-11.11%
08/15/2018
|
Jessica Taylor
Douglas Elliman Real Estate
|
||
10/17/2017
|
1 Bed
|
1.5 Bath
|
780 ft²
|
$2,050,000
1 Bed
1.5 Bath
780 ft²
|
-
-
|
-
|
Sean McPeak
Serhant
|
|
09/06/2017
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$2,952,925
2 Bed
2.5 Bath
1479 ft²
|
$2,952,920
0.00%
11/20/2017
|
Kelly Robinson
Compass
|
||
08/29/2017
|
2 Bed
|
2.5 Bath
|
1458 ft²
|
$3,800,000
2 Bed
2.5 Bath
1458 ft²
|
-
-
|
-
|
Sean McPeak
Serhant
|
|
08/21/2017
|
1 Bed
|
1.5 Bath
|
780 ft²
|
$1,781,938
1 Bed
1.5 Bath
780 ft²
|
$1,781,940
+0.00%
11/27/2017
|
Kelly Robinson
Compass
|
||
08/17/2017
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$3,075,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Sean McPeak
Serhant
|
|
08/17/2017
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,850,000
1 Bed
1.5 Bath
891 ft²
|
-
-
|
-
|
Nitin Wadhwani
Highline Residential
|
|
06/28/2017
|
2 Bed
|
2.5 Bath
|
1458 ft²
|
$3,750,000
2 Bed
2.5 Bath
1458 ft²
|
-
04/30/2018
|
Sean McPeak
Compass
|
||
06/23/2017
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$2,750,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Sean McPeak
Serhant
|
|
06/08/2017
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,300,000
2 Bed
2.5 Bath
1479 ft²
|
-
02/20/2018
|
- Private -
|
Raphael Sitruk
Keller Williams NYC
|
|
06/08/2017
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$3,100,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Raphael Sitruk
Keller Williams NYC
|
|
05/22/2017
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,480,000
2 Bed
2.5 Bath
1479 ft²
|
$3,480,000
06/01/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
05/10/2017
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,400,000
2 Bed
2.5 Bath
1479 ft²
|
-
-
|
-
|
Kelly Robinson
Compass
|
|
04/03/2017
|
3 Bed
|
3.5 Bath
|
2146 ft²
|
$5,480,619
3 Bed
3.5 Bath
2146 ft²
|
$5,480,620
+0.00%
05/25/2017
|
Tinnie Sassano
Compass
|
||
04/03/2017
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,425,000
2 Bed
2.5 Bath
1479 ft²
|
$3,273,670
-4.42%
07/10/2017
|
Tinnie Sassano
Compass
|
||
04/03/2017
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$2,900,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Kelly Robinson
Compass
|
|
04/03/2017
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$3,200,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Kelly Robinson
Compass
|
|
03/27/2017
|
2 Bed
|
2.5 Bath
|
1569 ft²
|
$3,355,000
2 Bed
2.5 Bath
1569 ft²
|
-
03/26/2018
|
Efraim Tessler
Keller Williams NYC
|
||
02/27/2017
|
3 Bed
|
3.5 Bath
|
3548 ft²
|
$14,500,000
3 Bed
3.5 Bath
3548 ft²
|
-
-
|
-
|
Kelly Robinson
Compass
|
|
09/22/2016
|
2 Bed
|
2.5 Bath
|
1476 ft²
|
$3,405,000
2 Bed
2.5 Bath
1476 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
08/25/2016
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,535,000
2 Bed
2.5 Bath
1479 ft²
|
-
06/21/2017
|
Efraim Tessler
Keller Williams NYC
|
||
08/19/2016
|
2 Bed
|
2.5 Bath
|
1476 ft²
|
$3,100,000
2 Bed
2.5 Bath
1476 ft²
|
$3,156,580
+1.83%
05/30/2017
|
Efraim Tessler
Keller Williams NYC
|
||
08/19/2016
|
1 Bed
|
1.5 Bath
|
780 ft²
|
$2,300,000
1 Bed
1.5 Bath
780 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
08/19/2016
|
2 Bed
|
2.5 Bath
|
1458 ft²
|
$3,800,000
2 Bed
2.5 Bath
1458 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
07/11/2016
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,800,000
1 Bed
1.5 Bath
891 ft²
|
-
-
|
-
|
Sean McPeak
Serhant
|
|
06/21/2016
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,505,000
2 Bed
2.5 Bath
1479 ft²
|
$3,360,220
-4.13%
05/26/2017
|
Efraim Tessler
Keller Williams NYC
|
||
06/07/2016
|
3 Bed
|
3.5 Bath
|
3548 ft²
|
$15,000,000
3 Bed
3.5 Bath
3548 ft²
|
-
-
|
-
|
Ryan Serhant
SERHANT.
|
|
06/21/2016
|
3 Bed
|
3.5 Bath
|
2146 ft²
|
$6,125,000
3 Bed
3.5 Bath
2146 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
05/19/2016
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$3,150,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
03/21/2016
|
2 Bed
|
2.5 Bath
|
1569 ft²
|
$3,775,000
2 Bed
2.5 Bath
1569 ft²
|
$3,525,000
-6.62%
06/01/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
03/21/2016
|
2 Bed
|
2.5 Bath
|
1569 ft²
|
$3,725,000
2 Bed
2.5 Bath
1569 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
02/23/2016
|
2 Bed
|
2.5 Bath
|
1569 ft²
|
$3,675,000
2 Bed
2.5 Bath
1569 ft²
|
$3,425,000
-6.80%
06/01/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
02/02/2016
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,875,000
1 Bed
1.5 Bath
891 ft²
|
$1,875,000
06/01/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
12/17/2015
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$4,050,000
2 Bed
2.5 Bath
1479 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
12/17/2015
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,560,000
2 Bed
2.5 Bath
1479 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
10/15/2015
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,825,000
1 Bed
1.5 Bath
891 ft²
|
$1,550,000
-15.07%
06/01/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
10/08/2015
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,850,000
1 Bed
1.5 Bath
891 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
10/08/2015
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$3,000,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
09/08/2015
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,350,000
2 Bed
2.5 Bath
1479 ft²
|
$3,350,000
08/17/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
06/26/2015
|
1 Bed
|
2 Bath
|
891 ft²
|
$1,775,000
1 Bed
2 Bath
891 ft²
|
$1,513,000
-14.76%
07/27/2017
|
-
|
Raphael Sitruk
Keller Williams NYC
|
|
06/24/2015
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,800,000
1 Bed
1.5 Bath
891 ft²
|
$10
-100.00%
08/03/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
06/19/2015
|
1 Bed
|
2 Bath
|
891 ft²
|
$1,595,000
1 Bed
2 Bath
891 ft²
|
$1,530,000
-4.08%
09/19/2017
|
-
|
Raphael Sitruk
Keller Williams NYC
|
|
05/26/2015
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,950,000
1 Bed
1.5 Bath
891 ft²
|
$1,655,000
-15.13%
06/01/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
05/04/2015
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,700,000
1 Bed
1.5 Bath
891 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$1,725,000
1 Bed
1.5 Bath
891 ft²
|
$1,300,000
-24.64%
06/01/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
1 Bed
|
1.5 Bath
|
891 ft²
|
$2,300,000
1 Bed
1.5 Bath
891 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$2,950,000
2 Bed
2.5 Bath
1488 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,300,000
2 Bed
2.5 Bath
1479 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
2 Bed
|
2.5 Bath
|
1458 ft²
|
$3,800,000
2 Bed
2.5 Bath
1458 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,645,000
2 Bed
2.5 Bath
1479 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
2 Bed
|
2.5 Bath
|
1488 ft²
|
$3,125,000
2 Bed
2.5 Bath
1488 ft²
|
$3,125,000
08/17/2017
|
-
|
Efraim Tessler
KWNYC Midtown
|
|
04/15/2015
|
2 Bed
|
2.5 Bath
|
1479 ft²
|
$3,455,000
2 Bed
2.5 Bath
1479 ft²
|
-
-
|
-
|
Efraim Tessler
KWNYC Midtown
|
Building Info
- 74 Units
- 1 Unit for Sale
About Midtown Manhattan
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