Multi-family

Located in the prestigious Upper East Side, 805 Madison Avenue, New York, NY, 10065, presents a 4-star retail storefront property that blends luxury retail with residential flexibility. This prime property is available for sale at $22,500,000, offering an excellent investment opportunity with a cap rate of 5.20%.

Property Overview:

• Price: $22,500,000 ($3,041.77/SF)
• Cap Rate: 5.20%
• Sale Type: Investment
• Type: 4-Star Retail Storefront Retail/Residential
• Location: Urban, Upper East Side
• Gross Leasable Area (GLA): 7,397 SF
• Stories: 5
• Typical Floor Size: 1,635 SF
• Class: A

Key Features:

1. Prime Madison Avenue Location:
   Situated on one of the world’s most iconic luxury retail streets, this property benefits from consistent high-end traffic and proximity to international flagship stores, boutiques, and affluent residential areas.
2. Investment Potential:
   With a competitive cap rate of 5.20%, this property offers reliable income streams, appealing to investors seeking both stability and long-term value appreciation in a top-tier market.
3. Mixed-Use Flexibility:
   Combining retail and residential functionality, the building caters to diverse tenant demands, enhancing its income-generating potential. It is ideal for luxury storefronts with additional residential leasing options.
4. Architectural Excellence:
   The Class A masonry construction and modern design make it a standout property in a competitive retail market, appealing to upscale tenants and discerning investors.
5. Dynamic Urban Location:
   Situated close to Central Park and luxury landmarks, the property ensures strong pedestrian traffic and is surrounded by one of the city’s most affluent neighborhoods.

Conclusion:

805 Madison Avenue is a standout asset, perfectly blending high-end retail prominence with urban convenience and investment stability. This property is an exceptional opportunity for buyers seeking a foothold in one of New York City’s most luxurious and profitable real estate markets.