824 Madison Ave 9,152 SF 93% Leased Office Building New York, NY 10065 $25,000,000 ($2,731.64/SF) 5.44% Cap Rate

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.