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In Contract

50 Madison Avenue, #RU7

$6,500,000 ($2,457 per ft2) | 3 beds, 3.5 baths | Approx. 2,646 ft2
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28 days on Market

Key Details

  • Listed: Mar 26, 2024
    Days on Market: 28
    Building Type: Condominium
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $4,490
Monthly Real Estate Taxes: $4,115
Total Taxes & Fees: $8,605 ($3.25/ft2)
Est. Monthly Mortgage: $35,827
Total Est. Monthly Carrying Cost: $44,432 ($16.79/ft2)
Note: the above is based on a down payment of 20% ($1,300,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This full floor residence is located in the prime Flatiron/Union Square neighborhood, overlooking Madison Square Park. It offers unobstructed views of iconic landmarks and is in close proximity to fine dining boutiques such as Eleven Madison Park, The Clocktower, and Scarpetta.
  • Designer Renovation: The apartment has been renovated by renowned designer, Ryan Korban, featuring ebonized oak flooring throughout, high 10-foot ceilings, floating crown moldings, and custom lighting. It combines a classic prewar layout with modern features.
  • Spacious and Luxurious Living: The grand primary suite boasts over 150 square feet of custom closets and a luxury ensuite bathroom. There are two additional bedrooms, each with ensuite bathrooms and ample closet space. The large, open chef's kitchen and full-size vented laundry room add to the convenience and luxury.
  • Boutique Building: The residence is in a boutique building with only 8 units, ensuring privacy and exclusivity. The building has a full-time security guard in the lobby and permits pets.
  • Building Amenities: The building offers a range of amenities including a FT Doorman, Resident Storage, Central AC, Elevator, Outdoor Entertainment Space, and In-Unit Washer/Dryer.
  • Convenient Transportation: The location provides convenient access to public transportation and subway, making commuting and exploring the city easy.

Description

Full floor residence facing Madison Square Park.

Enjoy 29’ of unobstructed direct views of Madison Square Park along with the iconic Flatiron and Met Life Clock buildings. This three-bedroom, three-and-a-half-bath corner unit, renovated with the help of superstar designer, Ryan Korban, features remarkable light and views with all the bells and whistles.

Ebonized oak flooring throughout provides a sophisticated palette. A chef’s kitchen is massive and open to the expansive and bright great room.

The grand primary suite has over 150 square feet of custom closets and fashionable media and storage units.

The ensuite primary bath has many luxury features such as marble floor and vanity along along with dual sinks. There are two additional bedrooms with ensuite bathrooms along with sufficient closet space. The loft benefits from a sexy powder room off the entry for guests.

Other features are a full-size vented laundry room, 10-foot ceilings, floating crown moldings, and custom lighting.

The unit features a classic prewar layout while having many modern features. Enjoy the substantial amount of living space right on the park.

50 Madison is a boutique building with only 8 residences and a full-time security guard in the lobby. Private and secure, this condo in the center of Madison Square Park District, across the street from the park and has amazing shopping.

Experience fine dining boutiques within blocks such as Eleven Madison Park, The Clocktower, and Scarpetta. Don’t miss an opportunity to live in this gem.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Corcoran Group

Pricing History

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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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Pros
  • Overlooks Madison Square Park
  • Doorman
  • Individual storage units
  • Permits pets
  • Large layouts
  • Convenient to many restaurants
  • Good public transportation
  • Convenient to Flatiron and Chelsea districts
  • Elegant entrance
  • Full floor residences
  • Close to Subway
Cons
  • No sidewalk landscaping
  • No garage
  • No roof deck
  • No balconies
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Subways

  1. 6
at Park Ave 0.12 miles
  1. N
  2. R
at Broadway 0.19 miles
  1. M
  2. F
at 6th Ave 0.33 miles
  1. 1
at 7th Ave 0.46 miles
  1. B
  2. D
  3. Q
at 6th Ave 0.46 miles

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