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    1 Madison Ave New York, NY 10010

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    Contact for pricing

    Significant adaptive reuse project in 21st Century New York.

    Property size:
    92,663 SF
    Lot size:
    1.78 Acres

    Property Features for 1 Madison Ave

    General Information

    Size
    92,663 SF
    Lot size
    1.78 Acres

    Source: SL Green Realty Corp - Corporate Agent David M. Kaufman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Adaptive Reuse Office Space

    One Madison Avenue is an adaptive reuse project positioned to become a significant development in 21st Century New York. Originally built in 1893 and rebuilt in 1953, the property is undergoing renovations with a projected completion date of 2024. The new 26-story tower will rise from the renovated limestone podium of the original structure. The building incorporates garden floors, a new lobby and street entrance, and state-of-the-art systems and amenities. The building is designed to achieve a LEED Gold v4.0 rating. The 92,663-square-foot office building is located near Madison Square Park, which is surrounded by neighborhoods including Chelsea, Gramercy, Nomad, and the Flatiron District. The location offers access to shopping, dining, cultural resources, and transport options. The finished structure will join the MetLife clock tower, 11 Madison and the Flatiron Building as one of the many distinguished buildings that front Madison Square.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aimessenger Courier Service GeoMarketing News Service Dr. Smile-a-lot 2 Dentist Mason's Bakery Bakery Carell's Cakes Bakery

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.986932
    Latitude
    40.740894

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    FAQs

    What type of property is this?
    Office building - Significant adaptive reuse project in 21st Century New York.
    Where is this office building located?
    The property is located at 1 Madison Ave New York, NY.
    What are key features of this property?
    This property features: - Prime location overlooking Madison Square Park, at the center of vibrant neighborhoods.; - Adaptive reuse project combining historical significance with modern design and state-of-the-art amenities.; - New 26-story tower rising from a renovated limestone podium, featuring a glittering lobby and street entrance.
    (212) 594-2700
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Madison Ave New York, NY 10010
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