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1275 Madison Ave
New York, NY 10128 Carnegie Hill

$14,000,000 USD

Apartments Condo For Sale  •  6,750 SF

Property Details

  • Property Type Apartments
  • Total Building Size 46,720 SF
  • Lot Size 0.11 AC
  • Building Class B
  • Year Built 1952
  • Zoning R10, New York
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit Citibank Retail 6,750 SF $14,000,000 USD
  • Unit Size: 6,750 SF
  • Condo Use: Retail
  • Price: $14,000,000 USD
  • Sale Type: Investment
  • Price/SF: $2,074.07 USD
Description
Ground-floor and usable lower-level areas contained within approximate building dimensions of 69 by 68 feet, the configuration supports highly efficient retail operations at a prominent Upper East Side corner.
The property is anchored by a long-standing Citibank branch recognized as one of the bank’s top-performing locations. Citibank has occupied the space for over 25 years, demonstrating durable commitment to the site. The current lease remains in place through June 2027 and includes two additional five-year extension options, offering buyers predictable income and a reliable national credit tenant.  Income and expense details are available upon request and execution of an NDA.

Sale Notes
1275 Madison Avenue presents a rare opportunity to acquire a high-performing retail condominium in one of Manhattan’s most prestigious neighborhoods. Positioned at the prominent northeast corner of Madison Avenue and 91st Street, this asset delivers exceptional visibility supported by an impressive 215 feet of wraparound frontage that captures both vehicular and pedestrian attention throughout the day.  Located within the Upper East Side, one of the country’s most affluent residential enclaves, the property benefits from stable local demographics, strong surrounding co-tenancies, and consistent foot traffic from nearby cultural, residential, and retail destinations.

Description 

1275 Madison Avenue sits on one of Manhattan’s most distinguished Upper East Side corridors, positioned between East 90th and East 91st Streets in the heart of Carnegie Hill. This stretch of Madison Avenue is celebrated for its refined retail, historic prewar architecture, cultural institutions, and tree-lined residential blocks, creating a unique blend of neighborhood character and steady commercial foot traffic.

The property is part of a classic mixed-use fabric common to the area, where elegant ground-floor retail fronts are paired with boutique office, gallery, medical, or residential upper levels. Buildings along this avenue typically feature masonry façades, large display windows, and strong street visibility that caters well to luxury retail, specialty brands, neighborhood services, cafés, or professional practices. The immediate surroundings include high-income residential density, prestigious private schools, museums, and destination retail, supporting a consistent, year-round customer base.

A location just steps from Central Park adds significant draw, while proximity to major transit such as the 4/5/6 and Q subway lines ensures easy accessibility for both customers and employees. Madison Avenue’s prestige, coupled with the property’s placement in one of the city’s most desirable enclaves, makes this an exceptional opportunity for occupiers seeking a strong identity and alignment with the area’s longstanding reputation for quality and exclusivity.

Highlights

Supported by a long-term Citibank tenancy with a lease in place through mid-2027 and multiple renewal options.
Positioned at a high-visibility Madison Avenue corner within the Upper East Side, attracting consistent daily traffic.
Located among strong co-tenancies along the Madison Avenue corridor, strengthening long-term asset stability.
Situated in a high-income residential area that consistently supports premium retail demand.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 6 min - 2.2 mi
8 min - 2.6 mi
Transit/SubwayDriveWalkDistance
96 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
86 Street (4,5,6 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
103 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 15 min 0.8 mi
96 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 18 min 0.9 mi
86 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
LaGuardia 17 min - 7.7 mi
Newark Liberty International 27 min - 17.0 mi
John F Kennedy International 30 min - 19.0 mi
Aaron Gavios 212-971-0007 Gavios Realty Group, LLC
Aaron Gavios 212-971-0007 Gavios Realty Group, LLC