232 Madison AveNew York, NY 10016

Property Details for 232 Madison Ave

Year built

1925

Lot size

0.18 AC

Property size (Sq ft)

115,945 SF

Zone code

C5-2

Property type

Retail properties

Property subtype

Banks

APN

00867-0015

APU

8670015

Description

This exceptional retail opportunity presents three available suites totaling 10,700 square feet at 232 Madison Avenue in the heart of New York City, zip code 10016. Currently configured as a cosmetic market, this property offers flexible space ideal for a variety of retail uses. The building features a total of three suites, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 4,500 square feet. The entire 10,700 square feet is currently vacant, providing a blank canvas for a new tenant to customize. The building is equipped with elevators for convenient access to all levels. Located in New York County, this property benefits from high foot traffic and visibility in a vibrant commercial district. Its central location provides easy access to public transportation and major thoroughfares, ensuring excellent accessibility for both customers and employees. This is a rare chance to secure a prominent retail space in one of Manhattan's most sought-after locations. The property's size and layout offer significant potential for a variety of retail concepts, from flagship stores to smaller boutiques. The building's amenities and prime location make it an attractive proposition for businesses seeking a high-profile presence in New York City. Inquire today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $28,178,682

  6.5%

  $26,011,092

  7%

  $24,153,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,176,420

  Geo Method

  $38,176,420

• Alternative Use

  Use

  Valuation

  Residential

  $21,941,328

  Hospitality

  $20,098,140

  Educational

  $16,721,416

  Medical

  $17,296,492

  Retail

  $26,011,092

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7501

Longitude

-73.9819

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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