809-811 Madison Avenue, New York, NY, 10065

809-811 Madison Avenue New York, NY 10065

809-811 Madison Avenue, New York, NY, 10065
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Jul 10, 2024

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Highlights

  • 12-story and penthouse property comprised of 38,540 gross square feet and 31,556 net sellable square feet
  • One retail space totaling 547 square feet, which can be separately sold
  • Over 40 feet of frontage along Madison Avenue and 95 feet along East 68th Street
  • Multiple configurations available with Bel Ami Cafe on a short term lease
  • Residential component is made up of 31,009 net sellable square feet and was previously comprised of 31 individual apartment

Description

Avison Young is pleased to present an opportunity to acquire 809-811 Madison Avenue (the “Property”), an exquisite pre-war mixed-use property spanning 12 stories and penthouse. This prime Madison Avenue and East 68th Street corner asset offers a multitude of value-add opportunities by way of building out and leasing up the vacant retail portion, converting the residential component to luxury condominiums, or creating a blank canvas for a user.

Manhattan

Building Size: 38540sq ft
Lot Size: 0.09 acres

Map of 809-811 Madison Avenue, New York, NY, 10065

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.