Three-Bedroom Residential
1825 Madison Avenue 3-M, Manhattan, NY 10035
For Sale
$549,000
The 898-square-foot residence has two full bathrooms and overlooks a landscaped courtyard.
Property Size898 SF
Price / SF$611.36
Days on Market109
Property Features for 1825 Madison Avenue 3-M
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
24-hour attended lobby
live-in superintendent
fitness center
laundry facilities
private courtyard
barbecue area
party room
bike storage
pet-friendly
Building Details
Building Size
Year Built
Listing Agency:
Nest Seekers LLC
Listed By:
Pazit Levitan
(646) 202-3866
Source:
Archpointadvisory
Added: Jul 24
Changed: Nov 7
Last Checked: Nov 9 at 6:30AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 898-square-foot residence in Madison Plaza includes three bedrooms, two full bathrooms, a living and dining area, generous closets, large windows, and oak hardwood floors. The home was built in 2004 and faces the building’s landscaped courtyard. It is being sold as is by its original owner, who has owned it for 22 years.
Building amenities include a 24-hour attended lobby, a live-in superintendent, two elevators, a fitness center, laundry facilities, a private courtyard with a barbecue area, a party room, and bike storage. The property is pet-friendly.
Nearby destinations include Central Park, Marcus Garvey Park, Whole Foods, Trader Joe’s, Costco, restaurants, cafes, bakeries, and retail shops. Transit options include the 2, 3, 4, 5, and 6 subway lines, Metro-North, the M1 bus outside the building, and M60 Select Bus Service to LGA Airport.
Building amenities include a 24-hour attended lobby, a live-in superintendent, two elevators, a fitness center, laundry facilities, a private courtyard with a barbecue area, a party room, and bike storage. The property is pet-friendly.
Nearby destinations include Central Park, Marcus Garvey Park, Whole Foods, Trader Joe’s, Costco, restaurants, cafes, bakeries, and retail shops. Transit options include the 2, 3, 4, 5, and 6 subway lines, Metro-North, the M1 bus outside the building, and M60 Select Bus Service to LGA Airport.
Key Highlights
- 898‑square‑foot residence with three bedrooms and two full bathrooms
- Built in 2004; oak hardwood floors and large windows
- Courtyard‑facing home in a pet‑friendly building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,096
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,920
$561.9K
Cap Rate 7%
$401,371
$401.4K
Cap Rate 9%
$312,178
$312.2K
Market Conditions
NOI Build-Up for 898 SF
Gross rent
$53.8K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.1K $56.89/SF
− OpEx
−$23.0K −$25.60/SF
NOI
$28.1K $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%
$561,920
Cap Rate 7%
$401,371
Cap Rate 9%
$312,178
Alternative Uses
Best Use
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,096 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.8K
$549.3K – $732.5K
NOI $43,947 @ 7.0% cap · market cap 8.00%
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
$663,500
Median Home Value
Market
Average Price Trend$/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 - The 898-square-foot residence has two full bathrooms and overlooks a landscaped courtyard.
Where is this residential income property located?
The property is located at 1825 Madison Avenue 3-M Manhattan, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 898‑square‑foot residence with three bedrooms and two full bathrooms; Built in 2004; oak hardwood floors and large windows; Courtyard‑facing home in a pet‑friendly building
