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    232 Madison Ave New York, NY 10016

    • Banks
    • 115,945 SF
    • 0.18 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-2326720
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sorrentino Media / Video Production Service / Media Company
    • Mona Shah & Associates / Immigration Attorney
    • Robinson Yablon Cooper & Bonfante, LLP / Personal Injury Attorney / Law Firm
    • Book Industry Study Group Inc / Association / Organization
    • DAPY - US Office / Packaging Company / Industrial Design Company

    Property Details for 232 Madison Ave

    Year built
    1925
    Lot size
    0.18 lot acres
    Property size
    115,945 SF
    Zone code
    C5-2
    Property type
    Banks
    APN
    00867-0015
    APU
    8670015

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9819
    Latitude
    40.7501
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,576,377
    $4,950,000
    $9,932,710
    $14,882,710
    -
    $11,000,000
    $24,190,000
    $35,190,000

    Comparable in this City

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      116-120 27th St

      FINANCIAL BUILDING • 70,217 SF
      116-120 27th St, New York, NY 10016
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    • Value Estimation by Request
      702,793 SF

      63 Madison Ave

      FINANCIAL BUILDING • 702,793 SF
      63 Madison Ave, New York, NY 10016-8726
      View Details

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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
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