1134 Madison AveNew York, NY 10028

Property Details for 1134 Madison Ave

Year built

1947

Lot size

0.03 AC

Property size (Sq ft)

5,330 SF

Zone code

C5-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01496-0017

APU

14960017

Description

This exceptional retail space, located on Madison Avenue in the prestigious Upper East Side of Manhattan, presents a unique investment opportunity. The property offers a total of 2,050 square feet, encompassing a ground floor of 1,025 square feet and an equally sized 1,025 square foot basement. Currently a blank canvas ("white box"), this former restaurant space is ready for immediate customization to suit a wide range of retail concepts. The property boasts attractive glass frontage, ensuring excellent street visibility and natural light. Its prime location on Madison Avenue guarantees high foot traffic and exposure to a discerning clientele characteristic of this affluent neighborhood. The single-tenant occupancy provides flexibility and control for the new owner or tenant. This is an unparalleled chance to establish a thriving business in one of New York City's most coveted retail districts. The property is situated within New York County, specifically the Upper East Side submarket, offering unparalleled access to a wealthy and densely populated consumer base. The space's versatility makes it suitable for a variety of retail uses, from high-end boutiques to specialty food establishments. The combination of size, location, and condition makes this a truly remarkable opportunity. Don't miss out on this chance to secure a prime retail location in the heart of the Upper East Side.

• CAP approach

  CAP return

  Valuation

  6%

  $881,208

  6.5%

  $813,423

  7%

  $755,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $696,418

  Geo Method

  $696,418

• Alternative Use

  Use

  Valuation

  Residential

  $1,008,644

  Hospitality

  $923,913

  Educational

  $768,685

  Medical

  $795,121

  Retail

  $1,195,732

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7798

Longitude

-73.9599

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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