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50 Madison Avenue, #PH

Listing no longer available on CityRealty as of Jan 5, 2024
It previously was on the market for a total of 136 days.
136 days on Market

Pricing History

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Key Details

  • Listed: Aug 22, 2023
    Last Price Change: -14.3% ($1.5M) on Jan 5
    Days on Market: 136
    Building Type: Condominium
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
    Listing viewed 342 times
Monthly Common Charges: $5,649
Monthly Real Estate Taxes: $6,211
Total Taxes & Fees: $11,860 ($3.33/ft2)
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $61,270 ($17.19/ft2)
Note: the above is based on a down payment of 20% ($1,800,000), which is the minimum amount permitted by the building.

Description

The password is "Penthouse." *Additional photos coming soon* Create park-side penthouse perfection in this spectacular four-bedroom, three-and-a-half-bathroom duplex awaiting your personal touch directly on Madison Square Park. Here, you’ll enjoy a townhouse-in-the-sky lifestyle with key-locked elevator access, sprawling interiors and approximately 1,500 square feet of private outdoor space in an exclusive full-service condominium. Imagine sumptuous living and lavish entertaining where every outlook is a picture postcard — from the sleek New York Merchandise Mart and the magnificent gilded towers of the New York Life and Met Life buildings to the iconic Flatiron building and the verdant vistas of Madison Square Park.

Inside the 3,564-square-foot duplex, you’ll find a showplace-in-the-making filled with herringbone hardwood floors, walls of windows, and furnishings owned by the late Gianni Versace himself (Yes, they’re available with the home). Awake in the regal owner’s retreat on the upper level featuring a nearly 80-foot-long wraparound terrace invites you to linger over morning coffee and jaw-dropping views. A spa bath and walk-in closet complete the elegant suite, while another bedroom on this floor is perfect as an office, nursery or a luxurious dressing room.

Plan grand gatherings on the indoor-outdoor main level, where guests are greeted by a gracious gallery foyer lined with closets and a powder room. Ahead, the great room sets the stage for newsworthy celebrations followed by after-dinner drinks overlooking the sights of the city on the adjacent 364-square-foot terrace. The massive eat-in kitchen accommodates dinner for two or twelve with equal ease.

Down the hall, two more bedrooms with en suite baths and a large laundry room complete this unrivaled residence ready for your unique vision. 50 Madison Avenue is the perfect combination of a turn-of-the-century estate topped by eight contemporary luxury residences. Residents of the discreet, pet-friendly boutique enclave enjoy full-time doorman service, keyed elevator access, a package room, storage and a bike room.

Located in ultra-desirable NoMad — surrounded by the Flatiron District, Gramercy, Chelsea and Union Square — this home is at the heart of desirable Manhattan living. Enjoy glorious outdoor space, a dog park and year-round events at Madison Square Park. Foodies will love the award-winning dining at The Clocktower, Eleven Madison Park and Gramercy Tavern, while gourmet shopping destinations Eataly, Whole Foods, Fairway, Trader Joe’s and Morton Williams fill the nearby blocks.

Transportation options abound with N/R/W, 4/5/6, L, F/M and PATH trains, excellent bus service and CitiBike stations all within easy reach.

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About 50 Madison Avenue

73

50 Madison Avenue has received a CityRealty Rating of 73, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

20
Out of 44
+
27
Out of 36
+
17
Out of 39
+
9
=
73
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
1 5 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2005
  • FT Doorman
  • Resident Storage
  • Central AC
  • Elevator
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Terraces / Balconies

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