159 Madison Avenue

At the Northeast corner of 32nd Street
PRICING INFORMATION FOR 159 Madison Avenue
Five Bedrooms from $2,200,000 (updated May 25, 2012)
One Bedroom from $599,000 (updated May 25, 2012)

FOR MORE INFORMATION ABOUT 159 Madison Avenue
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159 Madison Avenue: CARTER'S REVIEW


The stretch of Madison Avenue between Madison Square Park and 34th Street has undergone various transformations over the years.

In the early part of the 20th Century, it was very elegant as the fabulous tower of Madison Square Garden once marked one of the city's most glamorous sites that attracted some of the city's most prestigious clubs, such as the Colony in the high 20's, and many attractive hotels sprang up. The garden moved uptown to West 50th Street and then south to West 33rd Street, the Colony Club moved Uptown to Park Avenue and many of the ornate hotels were turned into Single Room Occupancy units for people on welfare. A few decades ago, streetwalkers plied their trade in the evening in the 30's.

Now, many of the hotels have been reclaimed for normal hotel use, the streetwalkers are gone, and the renaissance of the Flatiron and Park Avenue South districts in Midtown South have changed perceptions about the desirability of the Murray Hill area, which is just to the north of 34th Street, and much of Midtown South. Major advertisers, publishers and even investment houses have relocated from midtown to the general area and West 32nd Street has become a Ginza-type strip in the late 1990's.

This very handsome, Italian Renaissance-style, 12-story apartment building was built in 1911 and converted to a cooperative in 1988. It has 118 units and is convenient to subways and buses as well as the wonderful Morgan Library a few blocks to the north and the Empire State Building, of course, two blocks away.

The building has a full-time doorman, a live-in superintendent and full-time porters.

There are washers and dryers on every floor and the building has a roof deck.



BUILDING SUMMARY
  • Cooperative
  • Built in 1911
  • Located in Murray Hill
  • 118 apartments
  • 12 floors
  • Approx. avg. price per sq ft: $884
FEATURES & AMENITIES
  • PT Doorman
  • Pre War
  • Basement Storage
  • Washer/Dryer in building
  • Elevator
PROS & CONS
PROS
  • Very handsome, Italian Renaissance-style
  • Pre-war construction
  • Excellent public transportation
  • Close to the Morgan Library
  • Not far from the trendy restaurants of the Flatiron District
  • Doorman
  • Not far from Herald Square, Penn Station and Madison Square Garden
  • Close to Murray Hill district

CONS
  • No garage
  • No health club
  • Considerable traffic on Madison Avenue
  • Immediate neighborhood lacks some charm

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All data is deemed reliable but is not guaranteed accurate by the REBNY / RLS or CityRealty. See Terms of Service for additional restrictions. All information furnished regarding New York City property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer. The number of bedrooms listed on this website is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.