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1820 Madison Ave
New York, NY 10035 East Harlem

Price Upon Request

Apartments Condo For Sale  •  6,566 SF

Property Details

  • Property Type Apartments
  • Total Building Size 40,803 SF
  • Lot Size 0.05 AC
  • Building Class B
  • Year Built 2011
  • Zoning R7-2
100 Transit Score
96 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1201 Retail 6,566 SF Price Upon Request
  • Unit Size: 6,566 SF
  • Condo Use: Retail
  • Price: Price Upon Request
  • Sale Type: Investment
Description
The Heller Organization is engaged as the exclusive agent to offer for sale 1820 Madison Avenue in the East Harlem neighborhood of Manhattan (“Property”). This well-maintained commercial condominium encompasses 2 commercial tenants across approximately 6,566 gross square feet. The unit measures about 82' x 80'. The property is zoned C6 / E4.
Favorable layouts with open, mostly column-free space · All units feature at least one ADA bathroom · Each commercial unit contains individual hot water heater (cost passed to tenant) · Almost all annual expenses are passed on to the occupying tenants · Convenient proximity to Mt. Sinai Hospital campus · 25-year tax exemption in place running through 2038

Sale Notes
LOW EXPENSES: Commercial tenants pay all their own expenses. Other than insurance, all costs associated with owning the unit are directly passed through to the tenants. All units have been recently upgraded with new medical office build-outs. 
IMMEDIATE RENTAL UPSIDE: 100% of the commercial condo will be delivered leased to stable office tenants, allowing an investor to immediately capitalize on a strong existing stream of income. Medical and community tenants have shown to be more reliable and "recession proof" than other tenant classes.

Property Flyers

Amenities

  • Air Conditioning
  • Balcony
  • Granite Countertops
  • Stainless Steel Appliances
  • Elevator
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125Th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 1 min 8 min 0.4 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 5 min - 2.0 mi
Transit/SubwayDriveWalkDistance
116 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
116 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
125 Street (4,5,6 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 10 min 0.5 mi
125 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 11 min 0.6 mi
110 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 11 min 0.6 mi
AirportDriveWalkDistance
Laguardia 14 min - 6.3 mi
John F Kennedy International 27 min - 17.6 mi
Newark Liberty International 31 min - 24.0 mi
Joshua Singer 917-332-7530 The Heller Organization
Joshua Singer 917-332-7530 The Heller Organization