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 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.
3rd Floor: Residential;
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 + 35% of real estate taxes
2nd Floor (Art school): $7,250 + 25% of real estate taxes
3rd Floor (3 bedroom): $6,000
4th Floor (1 bedroom): $3,100
4th Floor (studio): $2,495
5th Floor (2 bedroom): $3,850
Monthly Rental income: $37,695
Listing courtesy of POLJAN PROPERTIES INC ...More >
Property Details
- Condo
Amenities
- Cooling: Other
- Exterior: Balcony
- Patio: None, Balcony
- Attendance: None
- Building Laundry: None
- Laundry: Building None
- Building Pets: Building No
- Pets: Building No, No
- Basement: Other
For information on 1289 MADISON Avenue, #BUILDING contact:
Founder, Principal Broker
212-388-1115
Founder, Principal Broker
listings@lohorealty.com
212-388-1115
