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1820 Madison Ave - Lancaster Madison 6,566 SF Medical Condo Unit in New York, NY 10035
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Property Facts
| Total Building Size | 40,803 SF | Floors | 8 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,977 SF |
| Property Subtype | Apartment | Year Built | 2011 |
| Building Class | B | Lot Size | 0.05 AC |
| Zoning | R7-2 | ||
| Total Building Size | 40,803 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 8 |
| Typical Floor Size | 3,977 SF |
| Year Built | 2011 |
| Lot Size | 0.05 AC |
| Zoning | R7-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Granite Countertops
- Stainless Steel Appliances
- Wheelchair Accessible (Rooms)
Site Amenities
- Elevator
1 Unit Available
Unit 1201
| Unit Size | 6,566 SF | NOI | $363,600 |
| Condo Use | Medical | APN/Parcel ID | 1745-1201 |
| Sale Type | Investment |
| Unit Size | 6,566 SF |
| Condo Use | Medical |
| Sale Type | Investment |
| NOI | $363,600 |
| APN/Parcel ID | 1745-1201 |
Description
The Heller Organization is engaged as the exclusive agent to offer for sale 1820 Madison Avenue in the East Harlem neighborhood of Manhattan (“Property”). This well-maintained commercial condominium encompasses 2 commercial tenants across approximately 6,566 gross square feet. The unit measures about 82' x 80'. The property is zoned C6 / E4.
Favorable layouts with open, mostly column-free space · All units feature at least one ADA bathroom · Each commercial unit contains individual hot water heater
· Convenient proximity to Mt. Sinai Hospital campus · 25-year tax exemption in place running through 2038
Sale Notes
IMMEDIATE RENTAL UPSIDE: 100% of the commercial condo will be delivered vacant, allowing an investor to immediately capitalize on strong new lease rates. Medical and community tenants have shown to be more reliable and "recession proof" than other tenant classes.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 27 | - | - |
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1820 Madison Ave - Lancaster Madison
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