Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    741 Madison Ave New York, NY 10065

    • Office buildings
    • 5,100 SF
    • 0.02 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1980792
    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

    • NY Litigation Firm / Law Firm
    • NY Traffic Firm / Law Firm
    • Leon Jacobson, Esq. / Law Firm
    • Corinne Hair Salon / Hair Salon / Nail Salon
    • Michail klokouzas / Hair Salon

    Property Details for 741 Madison Ave

    Year built
    1900
    Lot size
    0.02 lot acres
    Property size
    5,100 SF
    Zone code
    C5-1
    Property type
    Office buildings
    APN
    01379-0152
    APU
    13790152

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,840,000
      6.5%
      $2,620,000
      7%
      $2,435,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,260,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,760,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9687
    Latitude
    40.767
    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
    $502,704
    $796,500
    $3,949,570
    $4,746,070
    -
    $1,770,000
    $9,170,000
    $10,940,000

    Comparable in this City

    • Value Estimation
      $3,280,000
      9,670 SF

      21 63rd St

      OFFICE BUILDING (MULTI-STORY) • 9,670 SF
      21 63rd St, New York, NY 10065-7209
      View Details
    • Value Estimation
      $1,000,000
      3,816 SF

      116 64th St

      OFFICE BUILDING (MULTI-STORY) • 3,816 SF
      116 64th St, New York, NY 10065-7307
      View Details
    • Value Estimation
      $7,095,000
      21,869 SF

      680 Park Ave

      OFFICE BUILDING (MULTI-STORY) • 21,869 SF
      680 Park Ave, New York, NY 10065-5072
      View Details
    • Value Estimation
      $4,410,000
      6,973 SF

      797 Madison Ave

      OFFICE BUILDING (MULTI-STORY) • 6,973 SF
      797 Madison Ave, New York, NY 10065-5933
      View Details
    • Value Estimation
      $4,520,000
      16,624 SF

      1210 2nd Ave

      PROFESSIONAL BUILDING • 16,624 SF
      1210 2nd Ave, New York, NY 10065-7403
      View Details
    • Value Estimation by Request
      198,347 SF

      653 Madison Ave, Unit 655

      OFFICE BUILDING (MULTI-STORY) • 198,347 SF
      653 Madison Ave, New York, NY 10065-8041
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      Upscale East Side Office Townhouse

      25,000 SF, Vacant, Prime Location
      35 62Nd St, New York, NY 10065
      View Details
    • $900,000
      1,250 SF

      Lenox Hill Medical Office For Sale

      Medical office in Lenox Hill, close to major hospitals.
      115 East 61St St, New York, NY 10065
      View Details
    • $499,000
      1,000 SF

      Medical Suite in Co-op Building

      Ground floor, renovated medical suite in a full-service co-op.
      901 Lexington Ave, New York, NY 10065
      View Details
    • $2,675,000
      2,000 SF

      Lenox Hill Medical Office Suite

      Move-in ready medical office in prime Lenox Hill location.
      620 Park Avenue, New York, NY 10065
      View Details
    • $1,800,000
      1,800 SF

      Lenox Hill Medical Office For Sale

      Prime 1,800 SF medical office, move-in ready.
      130 67Th St, New York, NY 10065
      View Details
    • $2,000,000
      1,800 SF

      Prime Upper East Side Medical Office

      1,800 SF Medical Office, $2M
      870 5Th Ave, New York, NY 10065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      71,000 SF

      Lenox Hill Office & Showroom

      71,000 SF office and showroom building in Lenox Hill.
      315 E 62Nd St, New York, NY 10065
      View Details
    • Contact for pricing
      32,843 SF

      Prestigious Park Avenue Office Space

      Premium office environment in a desirable commercial and retail district.
      499 Park Avenue, New York, NY 10065
      View Details
    • Contact for pricing
      899 SF

      Lenox Hill Office and Retail

      Six-story building in prime location near Bloomingdale's.
      767 Lexington Ave, New York, NY 10065
      View Details
    • Contact for pricing
      695 SF

      Madison Avenue Full Floor Office

      Full floor office space available on Madison Avenue.
      741 Madison Ave, New York, NY 10065
      View Details
    • Contact for pricing

      Upper East Side Retail Space

      Ground-floor retail/commercial space in Manhattan's Upper East Side.
      164 E 61St St, New York, NY 10065
      View Details
    • Contact for pricing
      14,851 SF

      Prime Upper East Side Office Space

      2,500 SF Executive/Creative Office Available
      1151 3Rd Ave, New York, NY 10065
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    741 Madison Ave
    New York, NY 10065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!