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    232 Madison Ave New York, NY 10016

    Sponsored
    For Lease
    Contact for pricing

    Prime NYC Retail, Three Suites Available

    Lot size:
    10,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents three available suites totaling 10,700 square feet at 232 Madison Avenue in the heart of New York City, zip code 10016. Currently configured as a cosmetic market, this property offers flexible space ideal for a variety of retail uses. The building features a total of three suites, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 4,500 square feet. The entire 10,700 square feet is currently vacant, providing a blank canvas for a new tenant to customize. The building is equipped with elevators for convenient access to all levels. Located in New York County, this property benefits from high foot traffic and visibility in a vibrant commercial district. Its central location provides easy access to public transportation and major thoroughfares, ensuring excellent accessibility for both customers and employees. This is a rare chance to secure a prominent retail space in one of Manhattan's most sought-after locations. The property's size and layout offer significant potential for a variety of retail concepts, from flagship stores to smaller boutiques. The building's amenities and prime location make it an attractive proposition for businesses seeking a high-profile presence in New York City. Inquire today to learn more about this exceptional leasing opportunity.

    Property Features for 232 Madison Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,700 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    4,500 SF
    Space
    Mezzanine
    Size
    1,700 SF
    Space
    Basement
    Size
    4,500 SF

    HighLights

    • High ceilings throughout.
    • Lower level offers ample storage space.
    • Building equipped with freight elevator and conveyor system.
    • Features convenient direct loading capabilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sorrentino Media Video Production Service Mona Shah & Associates Immigration Attorney Robinson Yablon Cooper ... Personal Injury Attorney Book Industry Study ... Association / Organization DAPY - US Office Packaging Company

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9818558
    Latitude
    40.7499309

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    FAQs

    What type of property is this?
    Retail property - Prime NYC Retail, Three Suites Available
    Where is this retail property located?
    The property is located at 232 Madison Ave New York, NY.
    What are key features of this property?
    This property features: High ceilings throughout.; Lower level offers ample storage space.; Building equipped with freight elevator and conveyor system.
    Request Owner's contact information
    232 Madison Ave New York, NY 10016
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    New York, NY 10016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 Madison Ave New York, NY 10016
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