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    1295 Madison Ave New York, NY 10128

    For Sale
    $13,700,000

    New 15-year NNN lease Chase Bank on Madison Avenue.

    Property size:
    3,002 SF
    Lot size:
    0.15 Acres

    Property Features for 1295 Madison Ave

    General Information

    Size
    3,002 SF
    Lot size
    0.15 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    Madison Avenue Chase Bank For Sale

    This property features a brand-new Chase Bank located at 1295 Madison Avenue on Manhattan's Upper East Side. The building offers approximately 3,002 rentable square feet of space on an estimated 0.14-acre parcel of land. The Chase Bank is subject to a new 15-year triple-net (NNN) lease, which commenced on March 15, 2023. The current annual rent is $616,500, with scheduled increases of 10% every 5 years throughout the base term and in each of the two 5-year renewal options.
    Location Intelligence

    Current Use by Public Records

    Chase Bank Bank Chase ATM Atm The Wales Condominium Complex Emmanuel Gabriel Vehicle Shipping Agent

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.955489
    Latitude
    40.784976

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    FAQs

    What type of property is this?
    Bank - New 15-year NNN lease Chase Bank on Madison Avenue.
    Where is this bank located?
    The property is located at 1295 Madison Ave New York, NY.
    What is the asking price?
    The asking price for this property is $13,700,000.
    What are key features of this property?
    This property features: - Brand-new Chase Bank located on the Upper East Side of Manhattan.; - New 15-year triple-net (NNN) lease commencing March 15, 2023.; - Current annual rent of $616,500.
    (332) 345-2408
    Request Owner's contact information
    1295 Madison Ave New York, NY 10128
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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
    1295 Madison Ave New York, NY 10128
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