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Property profile & analytics
FOR LEASE
Retail residential properties
1045 Madison Ave, New York City, NY 10075
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0853565
For Lease
1 / 29
$26,130,000
1045 Madison Ave, New York City, NY 10075
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2020
Total area
68,741 SF
Lot
0.14 ac (6,032 SF)
Zoning code
C5-1
APN
01491-0021
UPID
US63-0853565
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Le Labo Cosmetic Store
-
The Benson Condominium Complex Real Estate Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.13M
Owner & transaction history
1039-1045 Madison Ave Owner Ll · 6 yrs held
1039-1045 Madison Ave Owner Ll
since 2019
7 recorded transactions
Zoning & alternative use
C5-1 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$380 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Lease
Year built
2020
Heating
NONE
Stories
18
Units
17
Total area
68,741 SF
Lot
0.14 ac (6,032 SF)
Zoning code
C5-1
APN
01491-0021
UPID
US63-0853565
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-1 · New York, NY
Zoning C5-1 · permitted uses
C5-1 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
18
Units
17
Lot
0.14 ac
Current owner
From public records · entity-resolved
1039-1045 Madison Ave Owner Ll
Individual
Mailing address
152 W 57TH ST FL #45, NEW YORK, NY 10019-3310
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2019
—
1039-1045 Madison Ave Owner Ll
1041 Madison Owner LLC
Grant Deed
$58,512,762 · Bank Hapoalim Bm
Oct 31, 2017
—
1041 Madison Owner LLC
—
Loan Modification
related
$22,400,000 · Israel Discount Bk/ny
Sep 18, 2017
$21,150,000
1041 Madison Owner LLC
1041 Madison Realty LLC
Grant Deed
—
Sep 18, 2017
—
1041 Madison Owner LLC
—
Loan Modification
related
$11,000,000 · Israel Discount Bk/ny
Apr 30, 2014
$15,000,000
1041 Madison Realty LLC
Lazy Point Partners LLC
Deed
$6,200,000 · Signature Bank
Oct 18, 2007
—
Lazy Point Partners LLC
Priore,vincent F
Grant Deed
related
—
May 4, 2006
—
Richard L Priore JR.
Priore,richard L
Quit Claim Deed
related
—
May 11, 2004
—
Richard C Priore
Priore,richard C & Vincent F
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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