Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    931 Madison Ave New York, NY 10021-3570
    Property profile & analytics

    931 Madison Ave New York, NY 10021-3570

    View on Map
    • Retail residential properties
    • 6,721 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US63-3242681
    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.
    Value Estimations
    $1,310,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ​Preferred Self Storage Unit / Storage Facility
    • Marche Madison / Specialty Food Shop

    Property Details for 931 Madison Ave

    Year built
    1910
    Lot size
    0.04 lot acres
    Property size
    6,721 SF
    Zone code
    C5-1
    Property type
    Retail residential properties
    APN
    01388-0149
    APU
    13880149

    Description

    This exceptional retail opportunity presents three contiguous spaces totaling 3,784 square feet at the prestigious 931 Madison Avenue in New York City, New York County (zip code 10021). Currently, all three units are vacant and available for lease, offering a unique chance to establish a prominent presence on one of Manhattan's most sought-after avenues. The property is classified as commercial retail with multiple tenancies. Individual spaces range from a minimum of 846 square feet to a maximum contiguous space of 1,493 square feet, providing flexibility for various business needs. The building's total square footage is 3,784 square feet, divided into three separate suites. This prime location offers unparalleled visibility and accessibility, attracting high foot traffic and significant brand exposure. The address, 931 Madison Avenue, is easily identifiable and highly desirable for businesses seeking a sophisticated and upscale environment. This is an exceptional opportunity to secure a prominent retail space in the heart of New York City. The property is situated at latitude 40.7729105 and longitude -73.9643348.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9643
    Latitude
    40.7729
    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
    $253,003
    $691,325
    $1,332,379
    $2,023,704
    -
    $2,005,000
    $3,864,200
    $5,869,200

    Comparable in this City

    • Value Estimation
      $2,925,000
      188,810 SF

      945 5th Ave

      STORES & APARTMENTS • 188,810 SF
      945 5th Ave, New York, NY 10021-2661
      View Details
    • Value Estimation
      $10,225,000
      23,252 SF

      321 69th St

      STORES & APARTMENTS • 23,252 SF
      321 69th St, New York, NY 10021-5545
      View Details
    • Value Estimation
      $10,675,000
      21,962 SF

      411 70th St

      STORES & APARTMENTS • 21,962 SF
      411 70th St, New York, NY 10021-5308
      View Details
    • Value Estimation
      $10,665,000
      36,745 SF

      178 70th St, Unit 20

      STORES & APARTMENTS • 36,745 SF
      178 70th St, New York, NY 10021-5116
      View Details
    • Value Estimation
      $1,680,000
      8,950 SF

      149 72nd St

      STORES & APARTMENTS • 8,950 SF
      149 72nd St, New York, NY 10021-4328
      View Details
    • Value Estimation
      $885,000
      74,427 SF

      49 73rd St

      STORES & APARTMENTS • 74,427 SF
      49 73rd St, New York, NY 10021-3520
      View Details

    Similar Nearby for Sale

    • $8,995,000
      6,730 SF

      Landmark Mixed-Use Townhouse Opportunity

      Mixed-use townhouse near Central Park with redevelopment potential.
      36 East 73Rd St, New York, NY 10021
      View Details
    • $4,500,000

      Upper East Side Mixed-Use Building

      Four-story building with retail and residential units on Lexington.
      1049 Lexington Ave, New York, NY 10021
      View Details
    • $6,000,000
      5,660 SF

      Luxury Upper East Side Apartment Building

      Prime location, 9 units, high returns.
      61 E 75th St, New York, NY 10021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in New York, NY.
      1316-1318 2Nd Ave, New York, NY 10021
      View Details
    • Contact for pricing
      672 SF

      York Avenue Retail Space Available

      Retail space in high-density residential area near Q Train.
      1427 York Ave, New York, NY 10021
      View Details
    • Contact for pricing
      1,240 SF

      Madison Avenue Retail Space

      Retail space available on Madison Avenue in New York.
      922 Madison Ave, New York, NY 10021
      View Details
    • Contact for pricing
      1,220 SF

      Madison Avenue Retail Opportunity

      Bi-level retail space near Madison Avenue available for rent.
      24 E 73Rd St, New York, NY 10021
      View Details
    • Contact for pricing
      1,570 SF

      Retail Space Near Hunter College

      Retail space at base of luxury co-op near subway.
      150 E 69Th St, New York, NY 10021
      View Details
    • Contact for pricing

      Manhattan Upper East Side Development

      Block-through development opportunity on the Upper East Side.
      433 E 76Th St, New York, NY 10021
      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.
    931 Madison Ave
    New York, NY 10021-3570
    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

    Thank You for Inquiry
    931 Madison Ave, New York, NY, 10021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!