824 Madison Ave - Office FOR SALE


New York, NY 10065- Lenox Hill
$25,000,000 USD
212-589-5136
824 Madison Ave, New York, NY for Sale
$25,000,000 USD
Office - FOR SALE
1/2
null | 5.44% Cap Rate

824 Madison Ave
New York, NY 10065
Lenox Hill


HIGHLIGHTS

  • Institutional-quality luxury retail and boutique office asset positioned in one of the strongest global high-street corridors
  • Long-term revenue durability supported by meticulous, early retail renewal at full market rates
  • Fully occupied office roster curated with fashion, design, and professional services brands
  • Predictable income growth supported by free-market lease structures with annual escalations
  • Meaningful embedded upside through unused air rights within a restrictive preservation district

OVERVIEW

Cushman & Wakefield is pleased to exclusively present for sale 824 Madison Avenue, a five-story, elevator-served corner building at East 69th Street positioned along one of the most coveted luxury retail corridors in the world. The property is fully leased and benefits from diversified income across two high-profile retail units and ten boutique office suites, providing stability and minimizing exposure to any single rollover event. The tenancy is entirely free-market, avoiding any risk associated with rent regulation and supporting clean, predictable income growth. The retail component is occupied by globally recognized luxury brands, while the upper floors host leading fashion and design names including Khaite, Monique Lhuillier, and SommetBeauty—users who value intimate, client-facing environments steps from their Madison Avenue flagships. Importantly, the corner retail tenant has executed a renewal at current market rates effective at expiration, creating a clear, contractually scheduled path to meaningful income growth. With its exceptional corner visibility, elevator access, boutique floor plates, free-market leases with annual escalations, and a fully stabilized rent roll, 824 Madison Avenue represents a rare opportunity to acquire a legacy-grade asset offering stable performance today and a well-defined trajectory of long-term revenue expansion.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$2,732 USD /SF

CAP RATE

5.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C5-1

APN/PARCEL ID

1383-0058

ASK ABOUT THIS PROPERTY

Hunter MossCushman & WakefieldMore Info
212-589-5136

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Hunter MossCushman & WakefieldMore Info
212-589-5136

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