929 Madison AveNew York, NY 10021
- Mixed-use properties
- 5,840 SF
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
- Mixed-use properties
- Property subtype
- Other investment properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $965,526
- 6.5%
- $891,255
- 7%
- $827,594
-
Comparable approach
- Method
- Valuation
- Relative Method
- $763,054
- Geo Method
- $763,054
-
Alternative Use
- Use
- Valuation
- Residential
- $1,105,156
- Hospitality
- $1,012,317
- Educational
- $842,236
- Medical
- $871,202
- Retail
- $1,310,145
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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