$8,000,000

1289 Madison Avenue Building New York City, NY 10128

8 beds
6 full
5,000 sqft
$1,600 / sqft
Condo

Property details

About 1289 Madison Avenue Building

<p>Opportunity knocks! 1289 Madison Ave is a 5 story, mixed-use building, with 6 units in the heart of Carnegie Hill's Historic District. Situated on bustling Madison Ave, just off East 92nd Street. Enjoy the exceptional transportation & conveniences. A plethora of incredible independent restaurants, cafes, and bars nearby. Just blocks away from Central Park, Frank Lloyd Wright's Guggenheim Museum and Museum Mile. Close to the crosstown M96 bus, 4, 5, 6 & Q trains.</p> <p>1289 Madison Ave is perfect for an investor or end-user alike. As an end-user, this is an opportunity to run your own business out of one of the commercial spaces and live in the penthouse above.</p> <p>Large, new condo developments in the area will bring the desired foot-traffic for the ground floor commercial tenant.</p> <p>BUILDING</p> <p>This pre-war building is made up of 2 commercial spaces and 4 residential apartments. All units are free market and have been well maintained and cared for by the current owners.</p> <p>1st Floor: Commercial space; Occupied by Rosa's Pizza, with over 1,200 sq ft, kitchen, storage, cellar. Note: Photos are of previous business.</p> <p>2nd Floor: Commercial space; Currently occupied by an art school.</p> <p>3rd Floor: Residential; Large, recently renovated, 3 bed, 1 bath apartment with outdoor space. Sun-filled, with eastern and western exposures. Open kitchen with stainless steel appliances, full gas range stove and a dishwasher. The primary bedroom fits a king-sized bed and leads to the extraordinary private terrace. Tons of storage and hardwood floors through the apartment.</p> <p>4th Floor: Residential; Comprised of 2 units; 1-bedroom apartment and a studio. Each of these units have been recently renovated and are filled with great natural light. Open kitchens with stainless steel appliances, including gas ranges stoves and dishwashers. The 1-bedroom unit also has a private balcony. Beautiful hardwood floors throughout and decorative fireplace in each unit.</p> <p>5th Floor: Residential; Top floor is currently configured as a 2 bedroom apartment. Awash in sunlight from the western and eastern exposures. Open kitchen, with skylight & dishwasher. Primary bedroom fits a king-sized bed. Large, windowed bathroom. Beautiful decorative fireplace and hardwood floors throughout.</p> <p>Monthly Rent Roll:</p> <p>1st Floor (Pizzeria): $15,000 + 35% of real estate taxes</p> <p>2nd Floor (Art school): $7,250 + 25% of real estate taxes</p> <p>3rd Floor (3 bedroom): $6,000</p> <p>4th Floor (1 bedroom): $3,100</p> <p>4th Floor (studio): $2,495</p> <p>5th Floor (2 bedroom): $3,850</p> <p>Monthly Rental income: $37,695</p>

Highlights

Home typeCondominium
StatusActive
CoolingOther
Size5,000 sqft
MLS #RLS11028192

Virtual tour

Summary

  • MLS Number: RLS11028192
  • MLS Name: RLS
  • Office Name: POLJAN PROPERTIES INC
  • Office Phone: (718) 484-4776
  • Office Email: peter@poljanproperties.com
  • Listing Agent: Dan Patsis
  • Agent Phone: (718) 484-4776

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 3/14/2025, 7:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Price information

Property sales

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Tax history

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Nearby schools

9

PS 77 Lower Lab School

Public Magnet KG-5

0.3 mi

1700 3rd Ave

7

P.S. 198 Isador E. Ida Straus School

Public District PK-5

0.3 mi

1700 3rd Ave Frnt 1

8

P.S. 527 East Side School For Social Action

Public District KG-2

0.5 mi

323 E 91st St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $150,543. The most common annual income of people living in New York City, NY is $200k+. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

16%
<35k
15%
35k-100k
25%
100k-200k
44%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

44%
Single, No Kids
4%
Single, with Kids
32%
Married, No Kids
20%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
9%
12-17 yrs old
9%
18-34 yrs old
43%
35-64 yrs old
27%
65+ yrs old

What do the neighbors do for fun?

  • Live TheatreLive Theatre
  • Art MuseumsArt Museums
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • Crate & BarrelCrate & Barrel
  • H&MH&M

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • StarbucksStarbucks
  • ChipotleChipotle

What do the neighbors drive?

  • MercedesMercedes
  • AudiAudi
  • BMWBMW

What do the neighbors listen to?

  • NewsNews
  • AlternativeAlternative
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1289 Madison Avenue Building

This home is located at 1289 Madison Avenue Building in New York City, NY and zip code 10128 in the Upper East Side neighborhood. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 18, 2025 and is currently priced at $8,000,000.

In February 2025, from all listings sold in New York City, NY there were more than 189 sold above asking price, over 627 sold below and more than 682 were sold right at the asked price. The number of homes for sale in New York City, NY decreased by 3.1% between January and February 2025. Listings spent 130 days on the market in February 2025, and had a median list price of $867,439 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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