1307-1309 Madison Avenue / Value-Add or Development Opportunity

1307-1309 Madison Avenue, New York, NY 10128

  • For Sale Contact For Pricing
  • Property Type Multi-Family
  • Property Size 11,426 SF
  • Units 9
  • Lot Size 0.07 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1910
  • Date Updated Dec 11, 2024
East side of Madison Avenue between East 92nd Street and East 93rd StreetLee & Associates NYC is pleased to present exclusively for sale the mixed-use asset located at 1307-1309 Madison Avenue, New York, NY 10128 (the “Property”). Located in the Carnegie Hill section of the Upper East Side, the Property features 40 feet of frontage on Madison Avenue between East 92nd Street and East 93rd Street. Current configuration of the building includes one ground floor commercial space, two 2nd floor commercial spaces, 5 free-market units, and 1 rent-stabilized unit. The residential units consist of 4 studios and 2 three bedroom duplexes with internal staircases. The property’s commercial leases are set to expire in 2025 and 2027 with an average remaining lease term of 2.3 years, allowing for flexibility and reconfiguration if the new owner would like to renovate and re-tenant the building. The Property has been well-maintained throughout its long-term ownership over the course of 43 years. 1307-1309 Madison Avenue currently presents stable cash flow with significant redevelopment potential through approximately 18,174 square feet of available air rights.
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Attachments

Highlights

  • Highly Coveted Madison Avenue Frontage
  • In-Place Cashflow with Future Redevelopment Potential
  • Long-Term Ownership
  • Shorter Remaining Lease Terms Allow for Value-Add Or Development Business Plans

Contacts

broker
Thomas Gammino

Lee & Associates - New York

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    72/100 Very Bikeable
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  • City New York, NY
  • Neighborhood Carnegie Hill
  • Zip Code 10128
  • Market Manhattan

Points of Interest

  • East 96th Street & Lexington Avenue at Southwest Corner

    0.23 miles

  • East 96th Street & Lexington Avenue at Southeast Corner

    0.24 miles

  • East 96th Street & Lexington Avenue at Northwest Corner

    0.24 miles

  • 96th Street

    0.25 miles

  • East 96th Street & Lexington Avenue at Northeast Corner

    0.26 miles

  • East 86th Street & Lexington Avenue at Northwest Corner

    0.36 miles

  • East 86th Street & Lexington Avenue at Northeast Corner

    0.38 miles

  • East 86th Street & Lexington Avenue at Southwest Corner

    0.38 miles

  • East 86th Street & Lexington Avenue at Southeast Corner

    0.39 miles

  • 94th Street & 2nd Avenue at Southwest Corner

    0.40 miles

  • ChargePoint

    0.37 miles

  • Shell

    0.50 miles

  • Mobil

    0.85 miles

  • plugNYC

    0.88 miles

  • FLO

    1.06 miles

  • Tesla Supercharger

    1.34 miles

  • BP

    1.46 miles

  • Citgo

    1.99 miles

  • Mount Sinai

    0.30 miles

  • Quik Park

    0.31 miles

  • Astor Terrace Parking Garage

    0.37 miles

  • Knickerbocker Plaza Car Park

    0.38 miles

  • MPG

    0.41 miles

  • Metropolitan Museum

    0.65 miles

  • Loeb Boathouse Parking Lot

    0.92 miles

  • Surrey Garage

    1.01 miles

  • iClean

    1.04 miles

  • Edison ParkFast

    1.08 miles

  • The Franklin

    0.38 miles

  • Courtyard

    0.59 miles

  • House ZAZA

    0.61 miles

  • International Student Center

    0.77 miles

  • The Mark

    0.78 miles

  • The Carlyle

    0.83 miles

  • The Surrey

    0.86 miles

  • Central Park Inn

    0.89 miles

  • Park View Hotel

    0.94 miles

  • Jazz on the Park

    0.96 miles

  • Island

    0.01 miles

  • Pascalou

    0.02 miles

  • Hiramasa

    0.03 miles

  • Vicolina

    0.03 miles

  • Juice Press

    0.03 miles

  • Table d'Hôte

    0.04 miles

  • Gina La Fornina

    0.09 miles

  • Luzzo's La Pizza Napoletana

    0.17 miles

  • Sfoglia

    0.17 miles

  • LaRustica

    0.17 miles

  • Spence Lower School

    0.01 miles

  • Nightingale-Bamford School

    0.07 miles

  • Dalton School

    0.08 miles

  • Spence School

    0.11 miles

  • Duchesne Residence School

    0.11 miles

  • La Scuola d'Italia Guglielmo Marconi

    0.16 miles

  • Public School M333 Manhattan School for Children

    0.19 miles

  • Saint Bernard's School

    0.27 miles

  • Public School 198

    0.27 miles

  • Public School 86

    0.29 miles

  • Playhouse Prep

    0.15 miles

  • Arc En Ciel

    0.26 miles

  • Preschool of America

    0.28 miles

  • Sunshine Learning Center

    0.48 miles

  • Friends & Family Daycare

    0.66 miles

  • Manhattan Schoolhouse

    0.76 miles

  • Columbus Pre-School

    0.84 miles

  • Park West Montessori School

    0.85 miles

  • Guidepost Montessori

    0.85 miles

  • Bright Horizons

    0.86 miles

Frequently Asked Questions

How much does 1307-1309 Madison Avenue / Value-Add or Development Opportunity cost?

The sale price for 1307-1309 Madison Avenue / Value-Add or Development Opportunity is available upon request. Contact the listing broker for more information.

What is the total square footage of 1307-1309 Madison Avenue / Value-Add or Development Opportunity?

1307-1309 Madison Avenue / Value-Add or Development Opportunity totals 11,426 square feet.

When was this property built?

1307-1309 Madison Avenue / Value-Add or Development Opportunity was built in 1910.

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Contact Listing Broker
broker
Thomas Gammino

Lee & Associates - New York