One-Bedroom Residential Income
1326 MADISON Avenue 23, Manhattan, NY 10128
For Sale
$595,000
A renovated co-op residence pairs prewar architectural details with an updated kitchen and bathroom.
Property Size682 SF
Price / SF$872.43
Days on Market46
Property Features for 1326 MADISON Avenue 23
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
live-in resident manager
laundry room
storage bins
bike room
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Maria F Cangiano
(212) 381-3295
Source:
Howardhannanyc
Added: Sep 23
Changed: Nov 7
Last Checked: Nov 6 at 4:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This 682-square-foot, one-bedroom co-op residence has an entry foyer, an oversized living room, and a windowed kitchen with stainless steel appliances, Caesarstone counters, and a wine refrigerator. Exposed brick, tin ceilings, crown moldings, and a decorative fireplace retain historic character; the windowed bathroom includes a soaking tub. Renovations also added hardwood flooring and expanded bedroom closet capacity.
The seven-story building was designed by Neville & Bagge and includes a live-in resident manager, laundry room, storage bins, and bike room. The residence is one block from Central Park and near Museum Mile, including the Guggenheim Museum and Metropolitan Museum of Art. Co-purchasing, gifting, and pets are permitted with board approval.
The seven-story building was designed by Neville & Bagge and includes a live-in resident manager, laundry room, storage bins, and bike room. The residence is one block from Central Park and near Museum Mile, including the Guggenheim Museum and Metropolitan Museum of Art. Co-purchasing, gifting, and pets are permitted with board approval.
Key Highlights
- 682‑square‑foot one‑bedroom co‑op residence
- Oversized living room with exposed brick, tin ceilings, and decorative fireplace
- Windowed kitchen with stainless steel appliances, Caesarstone counters, and wine refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,293
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,860
$425.9K
Cap Rate 7%
$304,186
$304.2K
Cap Rate 9%
$236,589
$236.6K
Market Conditions
NOI Build-Up for 682 SF
Gross rent
$40.8K $59.88/SF
− Vacancy
−$2.1K −$3.11/SF
EGI
$38.7K $56.77/SF
− OpEx
−$17.4K −$25.54/SF
NOI
$21.3K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,860
Cap Rate 7%
$304,186
Cap Rate 9%
$236,589
Alternative Uses
Best Use
Apartment 5plus
$304.2K
$266.2K – $354.9K
NOI $21,293 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.9K
$424.3K – $565.7K
NOI $33,943 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated co-op residence pairs prewar architectural details with an updated kitchen and bathroom.
Where is this residential income property located?
The property is located at 1326 MADISON Avenue 23 Manhattan, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 682‑square‑foot one‑bedroom co‑op residence; Oversized living room with exposed brick, tin ceilings, and decorative fireplace; Windowed kitchen with stainless steel appliances, Caesarstone counters, and wine refrigerator
