1289 Madison Avenue

Upper East Side

$8,000,000
Price
8
Beds
6
Baths
5,000 Sq. Ft.
$1,600 / Sq. Ft.
5,000
Sq. Ft.
$1,600
per Sq. Ft.

Description

Opportunity knocks! 1289 Madison Ave is a 5 story, mixed-use building, with 6 units in the heart of Carnegie Hill's Historic District. Situated on bustling Madison Ave, just off East 92nd Street. Enjoy the exceptional transportation & conveniences. A plethora of incredible independent restaurants, cafes, and bars nearby. Just blocks away from Central Park, Frank Lloyd Wright's Guggenheim Museum and Museum Mile. Close to the crosstown M96 bus, 4, 5, 6 & Q trains. 1289 Madison Ave is perfect for an...Opportunity knocks! 1289 Madison Ave is a 5 story, mixed-use building, with 6 units in the heart of Carnegie Hill's Historic District. Situated on bustling Madison Ave, just off East 92nd Street. Enjoy the exceptional transportation & conveniences. A plethora of incredible independent restaurants, cafes, and bars nearby. Just blocks away from Central Park, Frank Lloyd Wright's Guggenheim Museum and Museum Mile. Close to the crosstown M96 bus, 4, 5, 6 & Q trains. 1289 Madison Ave is perfect for an investor or end-user alike. As an end-user, this is an opportunity to run your own business out of one of the commercial spaces and live in the penthouse above. Large, new condo developments in the area will bring the desired foot-traffic for the ground floor commercial tenant. Building This pre-war building is made up of 2 commercial spaces and 4 residential apartments. All units are free market and have been well maintained and cared for by the current owners. 1st Floor: Commercial space; Occupied by Rosa's Pizza, with over 1,200 sq ft, kitchen, storage, cellar. Note: Photos are of previous business. 2nd Floor: Commercial space; Currently occupied by an art school, with a lease through January 2027. 3rd Floor: Residential; Large, recently renovated, 3 bed, 1 bath apartment with outdoor space. Sun-filled, with eastern and western exposures. Open kitchen with stainless steel appliances, full gas range stove and a dishwasher. The primary bedroom fits a king-sized bed and leads to the extraordinary private terrace. Tons of storage and hardwood floors through the apartment. 4th Floor: Residential; Comprised of 2 units; 1-bedroom apartment and a studio. Each of these units have been recently renovated and are filled with great natural light. Open kitchens with stainless steel appliances, including gas ranges stoves and dishwashers. The 1-bedroom unit also has a private balcony. Beautiful hardwood floors throughout and decorative fireplace in each unit. 5th Floor: Residential; Top floor is currently configured as a 2 bedroom apartment. Awash in sunlight from the western and eastern exposures. Open kitchen, with skylight & dishwasher. Primary bedroom fits a king-sized bed. Large, windowed bathroom. Beautiful decorative fireplace and hardwood floors throughout. Monthly Rent Roll: 1st Floor (Pizzeria): $15,000 + Portion of real estate taxes; May 2029 2nd Floor (Art school): $7,500 + Portion of real estate taxes; Lease ends January 2027 3rd Floor (3 bedroom): $4,995; Lease ends March 2025 4th Floor (1 bedroom): $2,995; Lease ends February 2025 4th Floor (studio): $2,495; Lease ends May 2025 5th Floor (2 bedroom): $3,995; Lease ends February 2025 Monthly Rental income: $32,985

Property Details for 1289 Madison Avenue

Zoning
R10
LISTING UPDATED: 01/09/2025 04:51 PM

Property Details for 1289 Madison Avenue

StatusActive
MLS IDRPLU-771023312953
Days on Market2
Taxes$10,276 / month
Maintenance-
Min. Down Pymt-
Total Rooms5.0
Compass TypeTownhouse
MLS TypeMixed Use
Year Built1920
Lot Size1,243 SF / 20' x 62'
CountyNew York County

Building

1289 Madison Ave

4 Units5 StoriesBuilt in 1920

Virtual Tour

Building Information for 1289 Madison Avenue

Stories5Residences4Year Built1920Building Size20' x 62'Building Sq. Ft6,200 SFLot Size1,243 SF / 20' x 62'Building AgePre-warBuilding TypeTownhouse

Property Information for 1289 Madison Avenue

Summary
Location and General Information
  • Subdivision Name: Carnegie Hill
  • Stories Total: 5
  • Exposures: East, West
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0053
  • Tax Deduction Percent: .00%
  • Tax Block: 01503
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 0053
  • Tax Monthly Amount: 10276.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Virtual Tour
Property
Lot Information
  • Living Area: 5000.0
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingNo
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: RentalBuilding
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: WalkUp
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: Balcony
  • Patio And Porch Features: None
Interior Features
  • Cooling: Other
  • Entry Level: 5
  • Fireplace: No
  • Floor Number: 5
  • Basement: No
  • Cooling: No
  • Ceiling Height Units: Feet
  • Ceiling Height: 0.0
  • ElevatorsTotal: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Attendance Type: None
  • Land Lease: No
  • Lease Type: StabilizedLease

Property History for 1289 Madison Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1289 Madison Avenue

Taxable ValueLand$702,000Additions$812,250Total$1,514,250
Home Facts
Total Finished SqFt5,000 SqFtLot Size1,244 SqFtYear Built1920ZoningR10APN1015030053

Schools near 1289 Madison Avenue

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 198 Isador E Ida Straus
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 167 Robert F Wagner
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1289 Madison Avenue is a townhouse for sale in Upper East Side. This property was listed for sale on January 9, 2025 by POLJAN PROPERTIES INC, it's currently listed at $8,000,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 198 Isador E Ida Straus, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 1289 Madison Avenue is a 8-bed, 6-bath, 5,000 sqft townhouse built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of POLJAN PROPERTIES INC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.