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1380 Madison Ave
New York, NY 10029
Retail Condominiums 1380 Madison Ave. · Multifamily Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Upper East Side Madison Avenue frontage in an iconic neighborhood setting.
- Close proximity to Central Park, Museum Mile, and multiple cultural institutions.
- Two nationally recognized, credit-worthy tenants.
- Surrounded by high-income residential blocks and steady daily pedestrian movement.
- Strong transit access with nearby 4/5/6 and Q subway lines supporting customer draw.
EXECUTIVE SUMMARY
This rare opportunity consists of two high-quality retail condominium units offered together at a combined purchase price of $5,250,000. The assets are anchored by two nationally recognized, credit-worthy tenants: Bank of America and Van Leeuwen Ice Cream. Both tenants recently executed new long-term leases, providing the incoming investor with stable income and minimal near-term rollover.
The property benefits from strong tenant branding, established customer traffic, and essential-service draw. Bank of America offers long-term credit stability, while Van Leeuwen adds a modern, experience-driven retail component that appeals to a wide demographic. The pairing creates an attractive and diversified income stream.
The asset is projected to generate a 2026 Net Operating Income of $240,000, offering investors durable cash flow backed by reputable operators. With new leases in place, minimal capital requirements, and two well-performing tenants, this offering is ideally suited for investors seeking secure, low-management retail income.
The property benefits from strong tenant branding, established customer traffic, and essential-service draw. Bank of America offers long-term credit stability, while Van Leeuwen adds a modern, experience-driven retail component that appeals to a wide demographic. The pairing creates an attractive and diversified income stream.
The asset is projected to generate a 2026 Net Operating Income of $240,000, offering investors durable cash flow backed by reputable operators. With new leases in place, minimal capital requirements, and two well-performing tenants, this offering is ideally suited for investors seeking secure, low-management retail income.
PROPERTY FACTS
| Price / SF | $2,703 / SF | Number of Properties | 2 |
| Cap Rate | 4.57% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 1,942 SF |
| Status | Active |
| Price / SF | $2,703 / SF |
| Cap Rate | 4.57% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,942 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1380 Madison Ave, 1st Floor - Unit Retail A, New York, NY 10029 | Retail Condo | 1,214 SF | 2006 | - |
| 1380 Madison Ave, 1st Floor - Unit Retail B, New York, NY 10029 | Retail Condo | 728 SF | 2006 | - |
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