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    Property profile & analytics

    1320 Madison Ave New York, NY 10128-1377

    • Retail residential properties
    • 3,776 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2023
    $6,182,000
    Value Estimations
    $6,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0828515
    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

    • Bloomie Nails & Spa / Nail Salon

    Property Details for 1320 Madison Ave

    Year built
    1910
    Lot size
    0.03 lot acres
    Property size
    3,776 SF
    Zone code
    R10
    Property type
    Retail residential properties
    APN
    01505-0119
    APU
    15050119

    Description

    This exceptional 900-square-foot retail space is ideally situated on Madison Avenue in the heart of New York City's prestigious Upper East Side. The property boasts a prime location, just a short distance from the iconic Central Park, ensuring high foot traffic and excellent visibility. Currently vacant, this single-tenant space presents a unique opportunity for a discerning business to establish a presence in one of Manhattan's most desirable neighborhoods. The building's total square footage is 900 square feet, offering a versatile layout adaptable to a variety of retail concepts. The property is located in New York County, New York, with a zip code of 10128. Its strategic location places it amongst a collection of established and reputable businesses, including Chase, Island, Pascalou, Jeeves, J. McLaughlin, and Glace NY, creating a synergistic and affluent environment. This property offers unparalleled potential for a business seeking to capitalize on the high-end retail market of the Upper East Side. The address is 1320 Madison Avenue, New York, NY. This is a rare opportunity to secure a highly visible and desirable retail space in a coveted location. The property is classified as Commercial Retail with single tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,870,000
      ML approach
      $5,910,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $8,730,000
      RETAIL STORES
      $4,965,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9556
    Latitude
    40.7857
    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
    $46,806
    $252,900
    $189,000
    $441,900
    -
    $562,000
    $436,000
    $998,000

    Comparable in this City

    • Value Estimation
      $4,050,000
      10,881 SF

      1740 1st Ave

      STORES & APARTMENTS • 10,881 SF
      1740 1st Ave, New York, NY 10128-5273
      View Details
    • Value Estimation
      $5,350,000
      23,310 SF

      1701 1st Ave

      STORES & APARTMENTS • 23,310 SF
      1701 1st Ave, New York, NY 10128-0359
      View Details
    • Value Estimation
      $3,270,000
      11,375 SF

      1741 1st Ave

      STORES & APARTMENTS • 11,375 SF
      1741 1st Ave, New York, NY 10128-5202
      View Details
    • Value Estimation
      $3,205,000
      10,799 SF

      1714 2nd Ave

      STORES & APARTMENTS • 10,799 SF
      1714 2nd Ave, New York, NY 10128-3201
      View Details
    • Value Estimation
      $2,315,000
      7,425 SF

      1703 2nd Ave

      STORES & APARTMENTS • 7,425 SF
      1703 2nd Ave, New York, NY 10128-3272
      View Details
    • Value Estimation
      $1,135,000
      7,300 SF

      1709 2nd Ave

      STORES & APARTMENTS • 7,300 SF
      1709 2nd Ave, New York, NY 10128-3267
      View Details

    Similar Nearby for Sale

    • $665,000
      Pending

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      Specialty property available on Madison Avenue, New York.
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      Apartment Building For Sale

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      Residential Property in New York

      Residential property for sale in New York, priced at $499,000.
      519 E 87Th St, New York, NY 10128
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    • $995,000
      2,000 SF

      2000 SF Gracious Office Available For Sale

      2000 SF Gracious Office Available For Sale
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      View Details
    • New
      $5,245,000
      5,900 SF

      Four-Story Brownstone in Upper East

      Four-story brownstone in a prime Upper East Side location.
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    Similar Nearby for Lease

    • $130 SF/Yr
      1,100 SF

      Lexington Ave Salon Space Available

      Upscale Carnegie Hill salon; immediate occupancy.
      0 Undisclosed, New York, NY 10128
      View Details
    • $132 SF/Yr
      1,365 SF

      Second Avenue Retail Space For Lease

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      View Details
    • Contact for pricing
      250 SF

      Prime NYC Retail Space For Lease

      250 SF Retail Space in Manhattan
      301 90Th St, New York, NY 10128
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space on Madison Avenue

      Retail property available for rent on Madison Avenue, New York.
      1260 Madison Ave, New York, NY 10128
      View Details
    • Contact for pricing
      500 SF

      Prime NYC Retail Space For Lease

      Manhattan Retail - 500 SF Available
      1764 1St Ave, New York, NY 10128
      View Details
    • Contact for pricing
      350 SF

      Upper East Side Retail Space

      Retail space in prime Upper East Side location.
      208 E 87Th St, New York, NY 10128
      View Details
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    New York, NY 10128-1377
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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