1285 Madison Avenue
New York, NY 10128
Cross street:East 91st Street

Building

Type:Townhouse
Era:Post-war
Floors:5

Property

Ownership: Mixed Use
Rooms: 13
Bedrooms: Studio

Financials

Price:$6,950,000
Real estate tax:$118,716
505 Park Ave, New York, NY 10022
Listing Courtesy of Sothebys International Realty

Positioned along Madison Avenue in prime Carnegie Hill, 1285 Madison Avenue is a beautifully maintained, 20 foot wide mixed use townhouse offering enduring architectural charm and an established income stream.

Description

Positioned along Madison Avenue in prime Carnegie Hill, 1285 Madison Avenue is a beautifully maintained, 20-foot-wide mixed-use townhouse offering enduring architectural charm and an established income stream. Spanning approximately 5,283 square feet across five stories, the property comprises two commercial spaces and three renovated, full-floor residences. Could be delivered fully vacant, all free-market tenants with compelling CAP rate for investment purposes. The residential interiors blend prewar character with thoughtfully updated kitchens and baths. Select apartments feature gracious bay windows, soaring ceilings, original parquet floors, wood-burning fireplaces, intricate millwork and in-unit laundry. East and west exposures welcome lovely natural light, with rear outlooks over neighboring townhouse gardens. Surrounded by Carnegie Hill’s fine shops and restaurants, moments from Central Park, the Reservoir and Museum Mile, this distinctive property offers a compelling opportunity to acquire an income-producing townhouse in one of Manhattan’s most coveted neighborhoods.

Amenities

Garden;
  • Garden
  • Voice Intercom

Neighborhood

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RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.