Updated Multifamily
2044 Madison Avenue, Manhattan, NY 10035
For Sale
$2,175,000
The garden-level residence has a private entrance and access to a landscaped backyard.
Property Size3,269 SF
Price / SF$665.34
Days on Market232
Property Features for 2044 Madison Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Compass
Listed By:
Brian Bruno
(330) 904-5936
Source:
Irynaferenets
Added: Mar 23
Changed: Nov 9
Last Checked: Nov 8 at 4:30PM
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 Compass
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Investment Insights
Based on property information with market context.
This 3,269-square-foot brownstone, built in 1926, is arranged with one-bedroom residences on the garden level and upper floors. The garden-level apartment has a separate entrance and can connect with the parlor level to form an owner's duplex, with access to the basement and backyard. Updates include appliances, bathrooms, living areas, and common spaces. The landscaped garden has also been renovated.
On Madison Avenue between 129th and 130th Streets in Central Harlem, the property is near subway lines 2, 3, 4, 5, and 6, along with M101, M102, and M103 bus routes. Nearby retail destinations include East River Plaza, Costco, Target, Aldi, Whole Foods, and Trader Joe's. The surrounding dining options include Red Rooster Harlem.
On Madison Avenue between 129th and 130th Streets in Central Harlem, the property is near subway lines 2, 3, 4, 5, and 6, along with M101, M102, and M103 bus routes. Nearby retail destinations include East River Plaza, Costco, Target, Aldi, Whole Foods, and Trader Joe's. The surrounding dining options include Red Rooster Harlem.
Key Highlights
- 3,269‑square‑foot brownstone built in 1926
- Garden‑level apartment has a private entrance and connects to the parlor level for a possible owner's duplex
- Landscaped backyard with garden‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,278
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,045,560
$2.0M
Cap Rate 7%
$1,461,114
$1.5M
Cap Rate 9%
$1,136,422
$1.1M
Market Conditions
NOI Build-Up for 3,269 SF
Gross rent
$195.7K $59.88/SF
− Vacancy
−$9.8K −$2.99/SF
EGI
$186.0K $56.89/SF
− OpEx
−$83.7K −$25.60/SF
NOI
$102.3K $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%
$2,045,560
Cap Rate 7%
$1,461,114
Cap Rate 9%
$1,136,422
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,278 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,980 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Paved road access
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 Multifamily properties in Manhattan, NY
Properties on Market for Multifamily properties in Manhattan
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The garden-level residence has a private entrance and access to a landscaped backyard.
Where is this multifamily property located?
The property is located at 2044 Madison Avenue Manhattan, NY.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: 3,269‑square‑foot brownstone built in 1926; Garden‑level apartment has a private entrance and connects to the parlor level for a possible owner's duplex; Landscaped backyard with garden‑level access
