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1944 Madison Ave 18 Unit Apartment Building For Sale New York, NY 10035
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 18 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 23,975 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1900 |
| Zoning | C4-4A - Regional commercial center located outside of the central business districts | ||
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 23,975 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | C4-4A - Regional commercial center located outside of the central business districts |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 18 | - | 1,100 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1749-0056 | Improvements Assessment | $720,540 |
| Land Assessment | $37,350 | Total Assessment | $757,890 |
Property Taxes
Parcel Number
1749-0056
Land Assessment
$37,350
Improvements Assessment
$720,540
Total Assessment
$757,890
Contacts
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Josh Neustadter -
Jon Squires -
Austin Weiner -
Kieran Baker -
Jeremy Stern -
Cushman & Wakefield
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1944 Madison Ave
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