Listed by Cushman & Wakefield New York
$25,000,000
824 Madison Avenue
Details
Property Type Retail, Office
Sub Type Executive Office, Commercial
Square Footage 9,152
Units 12
Cap Rate 6.00%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 9
Stories 5
Lot Size (SqFt) 2,016
Zoning C5-1
Corner building with and elevator CORE plus opportunity
Marketing description
Cushman & Wakefield is pleased to exclusively present for sale 824 Madison avenue, a five-story, elevator-served corner building at east 69th street positioned along one of the most coveted luxury retail corridors in the world. The property is fully leased and benefits from diversified income across two high-profile retail units and ten boutique office suites, providing stability and minimizing exposure to any single rollover event. The tenancy is entirely free-market, avoiding any risk associated with rent regulation and supporting clean, predictable income growth.
The retail component is occupied by globally recognized luxury brands, while the upper floors host leading fashion and design names including Khaite, Monique Lhuillier, and Sommet beauty—users who value intimate, client-facing environments steps from their Madison avenue flagships. Importantly, the corner retail tenant has executed a renewal at current market rates effective at expiration, creating a clear, contractually scheduled path to meaningful income growth.
With its exceptional corner visibility, elevator access, boutique floor plates, free-market leases with annual escalations, and a fully stabilized rent roll, 824 Madison avenue represents a rare opportunity to acquire a legacy-grade asset offering stable performance today and a well-defined trajectory of long-term Revenue expansion.
Listing Contacts
Listed by Cushman & Wakefield New York
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