#RLS11012779, Carrie Chiang, Listing Office: Corcoran Group

1289 Madison Avenue Building New York City, NY 10128
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
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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$8,000,000
1289 Madison Avenue Building
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Price information
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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.
Neighborhood
The neighbors living near this home have an average income of $150,543. Typical income of New York City, NY residents is $200k+ annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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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. In February 2025 in New York City, NY there were 3.1% less homes for sale than in January. The median list price of listings available in February 2025 was $867,439, while the average time on the real estate market was 130 days.