1289 Madison Avenue, #BUILDINGLoading

Condo For Sale Manhattan, Carnegie Hill

Web ID # RLS11028192

Listed: 01/09/2025

Days on Market: 39 days

$8,000,000Loading

5,000 ft2 Approx. $1,600 per ft2 8 Beds 6 Baths

RE Taxes: $10,276

Mortgage Est: $.../month


Condo For Sale Manhattan, Carnegie Hill

Web ID # RLS11028192

Listed: 01/09/2025

Days on Market: 39 days


5,000 ft2 Approx. $1,600 per ft2 8 Beds 6 Baths

RE Taxes: $10,276

Mortgage Est: $.../month

  Listing Courtesy of POLJAN PROPERTIES INC

  Dan Patsis


Contact Agent

Gea Elika

 212-590-0540

Inquire about 1289 Madison Avenue, #BUILDING


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Description

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. 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. Large, new condo developments in the area will bring the desired foot-traffic for the ground floor commercial tenant. BUILDING 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. 1st Floor: Commercial space; Occupied by Rosa's Pizza, with over 1,200 sq ft, kitchen, storage, cellar. Note: Photos are of previous business. 2nd Floor: Commercial space; Currently occupied by an art school. 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. 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. 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. Monthly Rent Roll: 1st Floor (Pizzeria): $15,000 + 35% of real estate taxes 2nd Floor (Art school): $7,250 + 25% of real estate taxes 3rd Floor (3 bedroom): $6,000 4th Floor (1 bedroom): $3,100 4th Floor (studio): $2,495 5th Floor (2 bedroom): $3,850 Monthly Rental income: $37,695

Highlights

  • Central Air

Building Information

  • Building Type: Walkup

Mortgage Calculator

$
$
%
%
$/month
$/month
/year

Your mortgage payments over years will add up to .
Estimated monthly payment: $.

Recalculate with more details

Purchase Price

Property Type

Mansion Tax
Title Insurance
Attorney Fee
Move-In Deposit
Title Search
Survey Fees
Board Application Fees
Move-In Fee
Title Search
Recording Fees (Deed)
Lien Search
Credit Check

New Construction Costs

NYC Transfer Tax
NY State Transfer Tax
Sponsor's Attorney Fee
Total
Total
Total
Email Me Closing Costs
Export PDF
Export CSV
  View closing costs
$
$
Property Type
Amount Financed
$
$
$
$
$
$
$
Estimated Closing Costs
$
Post-closing liquidity without 401k
months
Post-closing liquidity with 401k
months
  View more details
$
months
%
%

$
$
%
%
$/month
$/month
/year

Your mortgage payments over years will add up to .

Your rent payments over years will add up to .


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