Two-Bedroom Residential Income
For Sale
$539,000
1825 Madison Avenue 6-L, Manhattan, NY 10035
The corner residence combines an open kitchen and living area with full-service building amenities.
Property Size817 SF
Price / SF$659.73
Days on Market102
Property Features for 1825 Madison Avenue 6-L
General Information
Standard status
Active
Size
817 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
24 hour attended lobby
live in superintendent
new fitness center
new laundry facility
landscaped courtyard
party room
bike storage
Building Details
Building Size
817 SF
Year Built
2004
Listing Agency:
Nest Seekers LLC
Listed By:
Pazit Levitan
(646) 202-3866
Source:
Archpointadvisory
Added: Jul 22
Changed: Oct 31
Last Checked: Oct 30 at 10:46PM
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 Nest Seekers LLC
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Investment Insights
Based on property information with market context.
Residence 6L is a two-bedroom, two-bath corner home in Madison Plaza, built in 2004. Eastern-facing windows bring morning light to the primary bedroom, while southwestern exposure brightens the living room later in the day. The layout includes oak floors, oversized Juliet-style windows, a walk-in closet with custom organizers, and a kitchen with granite counters, modern cabinetry, and a breakfast bar that opens to the living area.
Building amenities include a 24-hour attended lobby, live-in superintendent, fitness center, laundry facility, landscaped courtyard, party room, and bike storage. The building is pet-friendly.
The address is 1825 Madison Avenue in New York City. Nearby transit includes the 2/3 and 4/5/6 subway lines, Metro-North, the M1 bus at the door, and the M60 to LaGuardia Airport. Central Park, Marcus Garvey Park, and grocery stores including Whole Foods and Trader Joe’s are also cited nearby.
Building amenities include a 24-hour attended lobby, live-in superintendent, fitness center, laundry facility, landscaped courtyard, party room, and bike storage. The building is pet-friendly.
The address is 1825 Madison Avenue in New York City. Nearby transit includes the 2/3 and 4/5/6 subway lines, Metro-North, the M1 bus at the door, and the M60 to LaGuardia Airport. Central Park, Marcus Garvey Park, and grocery stores including Whole Foods and Trader Joe’s are also cited nearby.
Key Highlights
- Two bedrooms and two baths in a corner residence
- Eastern exposure in the primary bedroom and southwestern exposure in the living room
- Kitchen features granite countertops, modern cabinetry, and a breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,562
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,240
$511.2K
Cap Rate 7%
$365,171
$365.2K
Cap Rate 9%
$284,022
$284.0K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$48.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$46.5K $56.89/SF
− OpEx
−$20.9K −$25.60/SF
NOI
$25.6K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,240
Cap Rate 7%
$365,171
Cap Rate 9%
$284,022
Alternative Uses
Best Use
Apartment 5plus
$365.2K
$319.5K – $426.0K
NOI $25,562 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.03M
$1.78M – $2.37M
NOI $142,354 @ 7.0% cap · market cap 26.41%
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
7,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The corner residence combines an open kitchen and living area with full-service building amenities.
Where is this residential income property located?
The property is located at 1825 Madison Avenue 6-L Manhattan, NY.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two bedrooms and two baths in a corner residence; Eastern exposure in the primary bedroom and southwestern exposure in the living room; Kitchen features granite countertops, modern cabinetry, and a breakfast bar
