Multi-family

Located on Manhattan’s Upper East Side, 1323 Madison Avenue, New York, NY, 10128, is a 2-star retail storefront property that combines residential and commercial opportunities. This urban location offers a unique investment or owner-user opportunity, available for sale at $5,500,000, priced at $1,057.69 per square foot.

Property Overview:

• Price: $5,500,000 ($1,057.69/SF)
• Sale Type: Investment or Owner User
• Type: 2-Star Retail Storefront Retail/Residential
• Gross Leasable Area (GLA): 5,200 SF
• Stories: 4
• Typical Floor Size: 1,300 SF
• Class: B
• Docks: None
• Construction: Masonry

Key Features:

1. Prominent Madison Avenue Location:
   Situated in a prestigious neighborhood known for its affluent clientele, the property benefits from steady pedestrian traffic and accessibility to nearby luxury retail and cultural institutions.
2. Flexible Mixed-Use Potential:
   This property combines storefront retail with residential options, catering to a broad range of tenants and buyers, enhancing its value as an adaptable investment.
3. Efficient Design:
   With four stories and typical floor sizes of 1,300 square feet, this Class B masonry construction is both functional and aesthetically appealing for a variety of uses.
4. Urban Lifestyle Benefits:
   The property’s location on Madison Avenue provides access to nearby parks, high-end shopping, and fine dining, making it ideal for businesses seeking visibility in a thriving market.

Conclusion:

1323 Madison Avenue is a versatile asset for investors or business owners looking to establish a presence in one of New York City’s most sought-after neighborhoods. Combining residential and retail functions in a prime urban location, this property presents a valuable opportunity for long-term growth and stable returns.