929 Madison AveNew York, NY 10021

Property Details for 929 Madison Ave

Year built

1910

Lot size

0.04 AC

Property size (Sq ft)

5,840 SF

Zone code

C5-1

Property type

Investment properties

Property subtype

Live-work space

APN

01388-0050

APU

13880050

Description

929 Madison Avenue presents a unique opportunity to lease exceptional retail space in Manhattan's coveted Upper East Side. This three-story building, totaling 4,310 square feet, offers three available units, each providing a distinct retail experience. Currently, the entire 4,310 square feet is vacant, allowing for a single tenant to occupy the entire building or for multiple tenants to occupy individual units. Individual spaces range from a minimum of 1,250 square feet to a maximum contiguous space of 1,600 square feet. The building's prime location between 73rd and 74th Streets places it within the highly desirable 70s corridor of Madison Avenue, surrounded by world-renowned retailers and catering to an affluent clientele of residents and tourists. The ground and second floors benefit from abundant natural light facing Madison Avenue, creating a bright and inviting atmosphere. A striking feature is the dramatic two-level space at the rear of the ground floor, highlighted by a large skylight, offering unique architectural possibilities. The building's prestigious co-tenancy further enhances its appeal, aligning it with the most luxurious global brands and cultural institutions in the area. This exceptional property offers unparalleled visibility and access to a high-spending demographic, making it an ideal location for discerning businesses seeking a prominent presence on one of New York City's most exclusive avenues. The property is located in New York County, NY, 10021.

• CAP approach

  CAP return

  Valuation

  6%

  $1,100,800

  6.5%

  $1,016,130

  7%

  $943,545

• Comparable approach

  Method

  Valuation

  Relative Method

  $778,316

  Geo Method

  $778,316

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,988,630

  Retail / Commercial

  $1,019,760

  Hospitality / Lodging

  $745,499

  Office

  $1,010,090

  Institutional / Educational

  $1,056,360

  Residential Income

  $1,235,940

  Multifamily

  $1,482,320

  Automotive / Energy

  $905,453

  Parking / Income-Based Land

  $312,461

  Restaurant / Food Service

  $528,495

  Healthcare / Senior Housing

  $1,042,020

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7728

Longitude

-73.9643

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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