172 Madison

172 Madison is a condo located 172 Madison Avenue, in Midtown South, New York. The building was first built in 2016 and is 8 years old. It was first renovated and altered in 2014. The official lot area is listed as 10,752 square feet. The building itself is 84 feet wide and 77 feet long. In total, 172 Madison Avenue has a total floor area of 116,877 square feet. Of that, 110,477 square feet are used for residential purposes. About 6,400 square feet of the building are used for commercial purposes. There are a total of 74 units. Of those, 72 are residential units. There are 2 commercial units. 172 Madison Avenue has a total of 34 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. Love to bike? Store your bike in the building's bike storage rather than your own apartment. On weekends, residents can enjoy the building's patio. Both dogs and cats are allowed in the building! There are 87 closings on record, of which we have matching data for 30 listings. In the past 3 years, a listing in this building will typically remain on the market for about 173 days and tend to sell below the original asking price of $2,850,000 by 14.04%. Meaning, listings tend to sell at a median of $2,015 price per square foot. The transaction that took the longest to complete was unit 22B, listed on Mar 27, 2017 for $3,355,000. This particular unit ultimately sold 364 days later for $3,073,080. The most recent transaction was for unit 17C, which was first advertised on Mar 12, 2023, sold for $1,560,000 on Aug 23, 2023. Fun fact, the oldest transaction we have on record took place on May 21, 1973. See the full transaction history for 172 Madison below.

Midtown South, where 172 Madison Avenue is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $2,850,000. For interested buyers, that means the building's median asking price is around 2.80% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 7 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $12,500,000. It is a 3,548 sqft 5 bedroom and 5 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,549,000. It is a 891 sqft 1 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, 2 one-bedroom, 4 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $2,250,000. Collectively, the median square footage of these active units for sale is 1,479 sqft. Active units for sale at 172 Madison Avenue are mostly 2-bedroom apartments Active units for sale at 172 Madison Avenue have a median count of 2 bedrooms and have a median count of 3 bathrooms.