1318 Madison Avenue

Upper East Side

$9,600,000
Price
4
Beds
3
Baths
2
1/2 Baths
5,000 Sq. Ft.
$1,920 / Sq. Ft.
5,000
Sq. Ft.
$1,920
per Sq. Ft.

Description

A remarkable and unique opportunity to own a newly gut renovated Carnegie Hill townhouse. Located just one block off Central Park, 1318 Madison is just steps away from luxury boutiques, famous landmarks, museums, and excellent schools.


The townhouse is unique in that it affords a user the ability to live in a gorgeous house and own a boutique retail store. This is a one of a kind house for a one of a kind buyer, which offers a residential and a commercial component, making it interesting and unique.

...

A remarkable and unique opportunity to own a newly gut renovated Carnegie Hill townhouse. Located just one block off Central Park, 1318 Madison is just steps away from luxury boutiques, famous landmarks, museums, and excellent schools.



The townhouse is unique in that it affords a user the ability to live in a gorgeous house and own a boutique retail store. This is a one of a kind house for a one of a kind buyer, which offers a residential and a commercial component, making it interesting and unique. This can also be a great investment opportunity for someone who is looking for a mixed- use property to provide a stable income and rent roll. The electric and plumbing in the residential portion of the house were completely redone.



The townhouse blends a wealth of architecturally stunning details with all the comforts of a modern home. The twelve-foot ceilings and side windows combine for an overabundance of natural light. The floor flows seamlessly with a raised den/ living room facing Madison Ave and continues on towards the transitional Canadian kitchen by the rear terrace. The kitchen features Wolf appliances and a Subzero refrigerator and wine cooler. The cabinetry has slow closing draws, and high-end walnut finished interiors. The newly created half bathroom on the first floor boasts custom made Canadian cabinetry, Carrara Marble stonework, and a waterfall faucet. Such details speak to the exceptional quality and craftsmanship of the house.



The steps up to the second floor are made of original 100+ year old oak. The process of restoring the original staircase took many months and required an incredible amount of talent, focus, and detail. The staircase adds character and authenticity to the townhouse.



Up the steps are the living room/ media room (which could also be an additional bedroom) and master bedroom. The master bedroom has its own private terrace, as well as a custom-made walk-through closet. The master bathroom features two German made Dornbracht shower heads and a Dornbracht faucet. The bathroom has heated floors, a Toto toilet, Canadian cabinetry, and features Arabescato Carrara Marble.



On the top floor reside two bedrooms and two bathrooms as well as a laundry room. The easternmost bathroom features Persian white Marble, an American made MTI Andrea 6 bathtub, and a glass top white lacquered finished vanity from Spain. It also features a Dornbracht faucet and shower head. The bathroom in the rear is designed like a spa. The porcelain tiles and cabinetry are sourced from Porcelanosa - and a Toto toilet and Dornbracht shower head can be found as well.



Leveled White American Oak floors throughout the house. The building structure was reinforced and insulation was added between floors. Leveled oak floors is truly a luxury rarely found in old Manhattan townhouses.
Nest thermostats on each floor control the house's central AC and forced air. The AC condensers sit on the brand-new roof. There is one condenser for each floor. The heat is gas based with air handlers on each floor as well.



Smart house options are limitless. Every room in the house has multiple Cat-five connections as well as phone hookups and wiring to alarm windows. Already featured is a WiFi activated Heos surround sound system. There are three camera's (while more can be added) that feed into both a cell phone app and two high end monitors. Because of all the wiring, TV's are capable of being mounted directly on the wall without a cable box or any wires showing. Any state-of-the-art alarm system can be installed cleanly - without running new wiring. The options are limitless.



The townhouse comprises of the following spaces:



- The residential section is 2,684 square feet
- The retail is 1,300 sf
- The basement offers an additional 850 sf
In addition, there are two private terraces that combine to over 400 square feet.



Own a total of 5,000 sf for less than 10MM, at around $1,950 per s/f.





Listing Agent

Amenities

  • City Views
  • Open Views
  • Patio
  • Hardwood Floors
  • Washer / Dryer
  • Laundry in Building
  • Central AC
  • Dishwasher

Location

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LISTING UPDATED: 09/07/2020 11:57 AM

Property Details for 1318 Madison Avenue

StatusTemporarily Off Market
Days on Market94
Taxes$6,063 / month
Maintenance-
Min. Down Pymt-
Total Rooms9.0
Compass TypeTownhouse
MLS Type-
Year Built1910
Lot Size1,404 SF / 16' x 88'
CountyNew York County

Building

1318 Madison Ave

1 Units4 StoriesBuilt in 1910

Location

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Virtual Tour

Building Information for 1318 Madison Avenue

Stories4Residences1Year Built1910Lot Size1,404 SF / 16' x 88'Building Age-Building Type-Senior Community-Levels / Stories-

Payment Calculator

$58,454 per month

30 year fixed, 7.25% Interest

Principal and Interest

$52,391

Property Taxes

$6,063

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 1318 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 1318 Madison Avenue

Taxable ValueLand$31,140Additions$389,580Total$420,720
Home Facts
Total Finished SqFt3,460 SqFtLot Size1,403 SqFtYear Built1910ZoningR10APN1015050019

Schools near 1318 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

Jhs 167 Robert F Wagner
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
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.

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