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A blog from CityRealty (Links below will take you to the 6sqft site)

1261 Madison Avenue, #5S

Listing no longer available on CityRealty as of Sep 27, 2021
It previously was on the market for a total of 153 days.
Last Sold on Sep 27, 2021 for $3,725,000
3 beds, 3 baths
  • Buyers
  • Weiss, Scott
  • Selby, Catherine
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153 days on Market

Pricing History

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Key Details

  • Listed: Apr 27, 2021
    Last Price Change: -6.8% ($270,000) on Sep 27
    Days on Market: 153
    Building Type: Cooperative
    Neighborhood: Carnegie Hill (Manhattan)
    Listing viewed 267 times
Monthly Maintenance: $5,579
Total Taxes & Fees: $5,579
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $22,072
Note: the above is based on a down payment of 20% ($745,000), which is the minimum amount permitted by the building.

Description

This is a rare opportunity to own a one-of-a-kind apartment in one of Carnegie Hill’s oldest, most desirable and distinctive buildings - 1261 Madison Avenue. Gracious and light filled, Apartment 5S has been fully renovated to the highest standards by the current owners in partnership with celebrated designer Harry Schnaper. Measuring approximately 2,150 square feet, one enters this spectacular three bedroom apartment through a windowed and gracious entry vestibule, which leads to the magnificent living spaces—which span along Madison Avenue and the corner of 90th St -- with oversized arched windows letting in the light and air.

Boasting 9’10” foot ceilings, the library/office, dining and living spaces are all open to one another with cased pocket doors, allowing for separation of the spaces, when needed, and a vast expanse when open. A suite of secondary bedrooms, equipped with generous closets and custom milled desk and bookshelves, provide wonderful bedroom spaces complete with two fully-renovated bathrooms with radiant floors. The primary bedroom suite faces South and is complete with custom built-in cabinetry in the primary closet with a handsome spa like bath, including custom millwork and marble finishes, as well as radiant floor.

The custom milled eat-in kitchen with window, has top of the line appliances, Subzero refrigerator and freezer, Wolf 6 burner gas stove, Miele dishwasher and GE wine refrigerator and Asko washer/dryer. Solid oak floors in all of the rooms are new with the renovation. All of the systems in this apartment have been thoughtfully done - including plumbing, new electrical, AV as well as central air conditioning.

1261 Madison Avenue is a pet-friendly non-doorman building with a fastidious live-in Superintendent. The building has both a laundry room and a bike room; Apartment 5S will be transferred with an additional storage room in the basement. The Neighborhood From 1899 to 1902, Andrew Carnegie and his wife Louise Whitfield built their remarkable 64-room brick and stone Georgian-revival house, now known as the Cooper-Hewitt, Smithsonian Design Museum. The house was groundbreaking and a catalyst for development, giving rise to the neighborhood known as Carnegie Hill.

1261 Madison Avenue was one of the first luxury apartment buildings in Carnegie Hill: designed by Buchman and Fox, construction began in 1900 and was completed a year later. 1261 Madison Avenue was designated a historically significant city landmark in 1974; with its tiled mansard roof, rusticated two-story limestone base and grand entranceway, and it remains one of the most beautiful and distinctive structures in the area. It is an intimate boutique building with just 14 apartments on seven floors.

Located in the absolute heart of Carnegie Hill just a stone’s throw from the Central Park Reservoir and all that this vibrant neighborhood has to offer – including amazing restaurants and shopping. There is a 2% flip tax paid by buyer.

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Apartment Amenities

  • City View

About 1261 Madison Avenue

  • Co-op
  • Built in 1902
  • 16 Apartments
  • 7 Floors

Building Amenities

  • Elevator

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