1825 Madison AveNew York, NY 10035

Property Details for 1825 Madison Ave

Year built

2004

Lot size

0.40 AC

Property size (Sq ft)

14,984 SF

Zone code

R7-2

Property type

Retail properties

Property subtype

Retail space

APN

01745-1001

APU

17451001

Description

This exceptional 3,000 square foot single-tenant office space is ideally situated on Madison Avenue between 118th and 119th Streets. Previously occupied by a successful legal firm, this property offers a highly adaptable layout perfect for a variety of businesses. The current configuration includes two spacious conference rooms, twelve individual offices, a welcoming reception area, a convenient kitchenette, and four restrooms. All interior partitions are removable, providing the flexibility to create an open-plan design with minimal columns, maximizing the use of the generous 18-foot high ceilings. The space boasts impressive dimensions, with a 51-foot frontage and a 65-foot depth. Adding to its appeal, the property is fully ADA accessible. The asking rent is $15,000 per month. This is a rare opportunity to secure a well-appointed, highly visible office space in a vibrant and desirable location. Don't miss out on this chance to establish your business in a prestigious setting.

• CAP approach

  CAP return

  Valuation

  6%

  $3,641,635

  6.5%

  $3,361,509

  7%

  $3,121,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,933,680

  Geo Method

  $4,933,680

• Alternative Use

  Use

  Valuation

  Residential

  $2,835,559

  Hospitality

  $2,597,357

  Educational

  $2,160,970

  Medical

  $2,235,289

  Retail

  $3,361,509

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8015

Longitude

-73.9434

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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