Mixed-Use Building with Development
For Sale
Contact for pricing
238 Madison Avenue, New York, NY 10016
Five-story walk-up with two ground-floor retail units and 14 residential units, plus as-of-right mixed-use redevelopment potential.
Property SizeContact for details
Days on Market124
Property Features for 238 Madison Avenue
General Information
Standard status
Active
Property subtype
Mixed Use
Zoning
C5-2
Additional Details
Multifamily Units
14
Building Details
Stories
5
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Victor Sozio · License #NY 10301211469
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 9:00AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
238 Madison Avenue is a five-story walk-up mixed-use building configured with two ground-floor retail units and 14 residential units. The residential mix includes 12 free market tenants, one rent controlled unit, and one rent stabilized unit, creating existing rental cash flow while leaving room for future plans.
The property is located on the west side of Madison Avenue between 37th and 38th Street in Midtown Manhattan. It is within walking distance of Grand Central Station, Pennsylvania Station, Bryant Park, and The Empire State Building, with additional nearby attractions supporting consistent foot traffic.
Development options are supported by C5-2 zoning and a 10.00 FAR, providing an as-of-right total buildable area of 33,750 sf for a mixed-use residential, office, or hotel development project.
The property is located on the west side of Madison Avenue between 37th and 38th Street in Midtown Manhattan. It is within walking distance of Grand Central Station, Pennsylvania Station, Bryant Park, and The Empire State Building, with additional nearby attractions supporting consistent foot traffic.
Development options are supported by C5-2 zoning and a 10.00 FAR, providing an as-of-right total buildable area of 33,750 sf for a mixed-use residential, office, or hotel development project.
Key Highlights
- Mixed‑use five‑story walk‑up at 238 Madison Avenue with 2 ground‑floor retail units and 14 residential units
- Unit mix includes 12 free market tenants plus 1 rent controlled and 1 rent stabilized residential unit
- C5‑2 zoning with 10.00 FAR provides as‑of‑right total buildable area of 33,750 sf for mixed‑use residential, office, or hotel
Property Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
101,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-story walk-up with two ground-floor retail units and 14 residential units, plus as-of-right mixed-use redevelopment potential.
Where is this apartment building located?
The property is located at 238 Madison Avenue New York, NY.
What are key features of this property?
This property features: Mixed‑use five‑story walk‑up at 238 Madison Avenue with 2 ground‑floor retail units and 14 residential units; Unit mix includes 12 free market tenants plus 1 rent controlled and 1 rent stabilized residential unit; C5‑2 zoning with 10.00 FAR provides as‑of‑right total buildable area of 33,750 sf for mixed‑use residential, office, or hotel
