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
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Key Features:
- 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.
- 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.
- 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.
- 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.
- 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.
