1307-1309 Madison Avenue / Value-Add or Development Opportunity

For Sale

1307-1309 Madison Avenue, New York, NY 10128

This New York property for sale is located at 1307-1309 Madison Avenue. Contact the listing broker for details on the current sale price for 1307-1309 Madison Avenue / Value-Add or Development Opportunity. 1307-1309 Madison Avenue / Value-Add or Development Opportunity is situated on a lot that is 0.07 acre in size.

Contacts

broker
Thomas Gammino

Lee & Associates - New York

Property Details

  • Property Type Multi-Family
  • Property Size 11,426 SF
  • Units 9
  • Lot Size 0.07 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1910
  • Date Updated Dec 11, 2024
East side of Madison Avenue between East 92nd Street and East 93rd StreetLee & Associates NYC is pleased to present exclusively for sale the mixed-use asset located at 1307-1309 Madison Avenue, New York, NY 10128 (the “Property”). Located in the Carnegie Hill section of the Upper East Side, the Property features 40 feet of frontage on Madison Avenue between East 92nd Street and East 93rd Street. Current configuration of the building includes one ground floor commercial space, two 2nd floor commercial spaces, 5 free-market units, and 1 rent-stabilized unit. The residential units consist of 4 studios and 2 three bedroom duplexes with internal staircases. The property’s commercial leases are set to expire in 2025 and 2027 with an average remaining lease term of 2.3 years, allowing for flexibility and reconfiguration if the new owner would like to renovate and re-tenant the building. The Property has been well-maintained throughout its long-term ownership over the course of 43 years. 1307-1309 Madison Avenue currently presents stable cash flow with significant redevelopment potential through approximately 18,174 square feet of available air rights.
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Highlights

  • Highly Coveted Madison Avenue Frontage
  • In-Place Cashflow with Future Redevelopment Potential
  • Long-Term Ownership
  • Shorter Remaining Lease Terms Allow for Value-Add Or Development Business Plans

Attachments

Getting around

  • 99/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 72/100

    Bike Score ®

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Location

  • City New York, NY
  • Neighborhood Carnegie Hill
  • Zip Code 10128
  • Market Manhattan

Points of Interest

  • East 96th Street & Lexington Avenue at Southwest Corner

    0.23 miles

  • East 96th Street & Lexington Avenue at Southeast Corner

    0.24 miles

  • East 96th Street & Lexington Avenue at Northwest Corner

    0.24 miles

  • 96th Street

    0.25 miles

  • East 96th Street & Lexington Avenue at Northeast Corner

    0.26 miles

  • East 86th Street & Lexington Avenue at Northwest Corner

    0.36 miles

  • East 86th Street & Lexington Avenue at Northeast Corner

    0.38 miles

  • East 86th Street & Lexington Avenue at Southwest Corner

    0.38 miles

  • East 86th Street & Lexington Avenue at Southeast Corner

    0.39 miles

  • 94th Street & 2nd Avenue at Southwest Corner

    0.40 miles

  • ChargePoint

    0.37 miles

  • Shell

    0.50 miles

  • Mobil

    0.85 miles

  • plugNYC

    0.88 miles

  • FLO

    1.06 miles

  • Tesla Supercharger

    1.34 miles

  • BP

    1.46 miles

  • Citgo

    1.99 miles

  • Mount Sinai

    0.30 miles

  • Quik Park

    0.31 miles

  • Astor Terrace Parking Garage

    0.37 miles

  • Knickerbocker Plaza Car Park

    0.38 miles

  • MPG

    0.41 miles

  • Metropolitan Museum

    0.65 miles

  • Loeb Boathouse Parking Lot

    0.92 miles

  • Surrey Garage

    1.01 miles

  • iClean

    1.04 miles

  • Edison ParkFast

    1.08 miles

  • The Franklin

    0.38 miles

  • Courtyard

    0.59 miles

  • House ZAZA

    0.61 miles

  • International Student Center

    0.77 miles

  • The Mark

    0.78 miles

  • The Carlyle

    0.83 miles

  • The Surrey

    0.86 miles

  • Central Park Inn

    0.89 miles

  • Park View Hotel

    0.94 miles

  • Jazz on the Park

    0.96 miles

  • Patrick Murphy Market

    0.01 miles

  • Westside Market

    0.19 miles

  • Carnegie Market

    0.21 miles

  • Food Universe Marketplace

    0.23 miles

  • Gristedes

    0.26 miles

  • Morton Williams

    0.27 miles

  • Whole Foods Market

    0.39 miles

  • Key Food

    0.40 miles

  • Target

    0.41 miles

  • Fairway Market

    0.51 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Thomas Gammino

Lee & Associates - New York