212-660-7739
1944 Madison Ave, New York, NY for Sale
Apartments - FOR SALE
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1944 Madison Ave
New York, NY 10035
East Harlem


OVERVIEW

Cushman & Wakefield is pleased to exclusively present the sale of 1944 Madison Avenue, a 23,975 SF, five-story mixed-use elevator building located on a prime corner of Harlem’s core 125th Street retail corridor in East Harlem, Manhattan. The property benefits from exceptional corner visibility, strong frontage, and sustained pedestrian traffic along one of Upper Manhattan’s most established commercial thoroughfares. 1944 Madison Avenue consists of 13 residential units and 5 street-level commercial units, with all retail spaces fully leased and positioned to capitalize on 125th Street’s continuous retail demand. The residential component includes five free-market units and eight rent-stabilized units, comprised of one 3-bedroom, eleven 4-bedroom, and one 5-bedroom apartment. One residential unit is currently vacant. The asset is further enhanced by excellent transit connectivity, located two blocks from the Harlem– 125th Street station serviced by the 4, 5, and 6 lines, steps from the 125th Street station serviced by the 2 and 3 lines, and one block from the Harlem–125th Street Metro-North station, offering direct access to Midtown Manhattan and the broader region. Convenient vehicular access is provided via the nearby Harlem River Drive.

FOR SALE DETAILS

PRICE

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# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C4-4A

APN/PARCEL ID

1749-0056

ASK ABOUT THIS PROPERTY

Josh NeustadterCushman & WakefieldMore Info
212-660-7739

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Josh NeustadterCushman & WakefieldMore Info
212-660-7739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.