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1275 Madison Ave
New York, NY 10128
Retail Property For Sale
Investment Highlights
- Supported by a long-term Citibank tenancy with a lease in place through mid-2027 and multiple renewal options.
- Located among strong co-tenancies along the Madison Avenue corridor, strengthening long-term asset stability.
- Positioned at a high-visibility Madison Avenue corner within the Upper East Side, attracting consistent daily traffic.
- Situated in a high-income residential area that consistently supports premium retail demand.
Executive Summary
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.
Property Facts
| Total Building Size | 46,720 SF | Floors | 10 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,248 SF |
| Property Subtype | Apartment | Year Built | 1952 |
| Building Class | B | Lot Size | 0.11 AC |
| Zoning | R10, New York - High density residential district | ||
| Total Building Size | 46,720 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 4,248 SF |
| Year Built | 1952 |
| Lot Size | 0.11 AC |
| Zoning | R10, New York - High density residential district |
1 Unit Available
Unit Citibank
| Unit Size | 6,750 SF | Sale Type | Investment |
| Condo Use | Retail | APN/Parcel ID | 1503-1001 |
| Unit Size | 6,750 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 1503-1001 |
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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 10 | - | - |
