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29792325
29792326

1275 Madison Ave, New York, NY 10128

AG
NY 10491206090
Aaron Gavios
Listed by Aaron Gavios
$14,000,000
107 days on market
Updated 23 days ago

1275 Madison Condominium

Details
Property Type Retail
Sub Type Bank
Square Footage 6,750
Net Rentable (SqFt) 6,750
Units 1
Occupancy 100%
Tenancy Single
Lease Type Modified
Price per SqFt $2,074
Tenant Credit Credit Rated
Lease Commencement 06/01/2021
Ownership Citibank
Sale Condition For sale by owner

Corner Retail Condominium with AAA Cash Flow

Marketing 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.

Investment highlights

HIGHLIGHTS

◦ Top performing Citibank Branch location

◦ Long Term Citibank Tenancy (over 25 years)

◦ Current lease runs through June 2027 with two additional 5-year options

◦ Excellent co-tenancies along Madison Avenue Corridor

◦ High Per Capita Income area

INCOME & EXPENSE

◦ Upon Request and Execution of NDA

PROPERTY SUMMARY

◦ Neighborhood: Upper East Side

◦ Intersection: Northeast Corner of Madison Avenue and 91st Street

◦ Corner Lot Retail Condominium

◦ Block/Lot: 1503-1001

◦ Building Dimensions: Approx. 69’ by 68’

Listing Contacts

AG
NY 10491206090
Aaron Gavios
Listed by Aaron Gavios

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