Grand Madison, 225 Fifth Avenue

Between West 26th Street & West 27th Street

Key Details

Year Built 1906

Converted Year 2004

Building Type Condominium

Neighborhood Flatiron/Union Square
Total Apartments 188

Total Floors 13

Doorman FT Doorman

Pets Allowed

$1,946

Avg. Price / ft²

Apartments for Sale (8)

$73

Avg. Price / ft²

Apartments for Rent (8)

$1,649

Avg. Price / ft²

Recent Sales (2)

Description

Grand Madison at 225 Fifth Avenue is a former showroom building that was converted into apartments in 2004.

Elad Properties purchased 225 Fifth Avenue and oversaw its renovation. The developers worked to preserve the original architectural details in the Grand Madison, all the while incorporating modern features into each of its 190 units. Kitchens are outfitted with stainless steel, premium appliances and bathrooms have quality fixtures. Apartments offer spacious layouts and 10-foot-tall ceilings, among other notable features.

Amenities at the Grand Madison include concierge service, a full-time doorman, a health club and a roof deck. It is on the north side of Madison Square Park and is close to the restaurants, retail stores and art galleries of the Flatiron District and Chelsea.

Building Amenities

Concierge
FT Doorman
High-Rise
Pre War
Resident Storage
Central AC
Health Club
Intercom
Rooftop Terrace
Washer/Dryer in building
Elevator
Fitness Center
Outdoor Entertainment Space
Courtyard
In-Unit Washer/Dryer
Fireplaces
Live-In Superintendent
Terraces / Balconies

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Apartments for Sale at 225 Fifth Avenue (8)

Available Apts

$1.7M - $5.1M

Price Range

$1,946

Avg. Price / ft²

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Apartments for Rent at 225 Fifth Avenue (8)

Available Apts

$4,000

Prices Start At

$73

Avg. Price / ft²

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Rating

Out of 44

Out of 36

Out of 39

#39 Rated condo - Downtown
#1 Rated condo - Flatiron/Union Square

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Carter Horsley's Review

"This very handsome Renaissance Revival-style building at 225 Fifth Avenue was acquired in 2004 for about $125 million by Elad Properties and converted to 192 condominium apartments and renamed the Grand Madison.

It occupies the entire blockfront on the avenue between 25th and 26th streets and its south side overlooks Madison Square Park." Read Carter's Full Review

Pros

Very distinguished and handsome building
Convenient to many restaurants
Sidewalk landscaping
Concierge
High ceilings
Excellent bus service
Convenient to Chelsea- Flatiron and Gramercy Park districts
Some balconies
Roof deck
Live-in superintendent
Cold storage
Library
Courtyard
Overlooks Madison Square Park
Close to Subway

Cons

Many apartments
Considerable traffic
No garage

Broker & Buyer Comments

"The Grand Madison is a conversion from a pre-war office building to a full service, luxury condominium building. The only amenities offered are a full time doorman, concierge, and fitness center. Excellent lower Fifth Avenue / Flatiron location - very central to Gramercy, Chelsea, and Murray Hill. Madison Square Park is also directly across the street, plus the N, R, W subway trains a couple blocks away."

"Roof-deck, inner courtyard. Prewar architecture, nice, functional layouts, top of the line "fit & finish". Developer is "Elad", known for their "high end" work including the Plaza hotel. New....Gut renovation, so same as new construction. Building has been renamed: The Grand Madison Right across the street from Madison Sqaure Park! Near many great restaurants located on Park Avenue South...and also on the side streets."

"totally gut renovated Health club amenities lobby well done has upscale Grand Entrance Pre war flatiron near everything......all public transportation ,stores , resturants"

"This building is Crem de la Crem with hi-end finishes and viking appliances in apartment. The lobby is a marble large glorious lobby. This is one of the only condos on lower fifth ave."

"pre war huge entrance gym conversion storage units w/doors small rooms same floor of apt high ceilings 24 hr doorman/ conceig apts w/office"

"Beautiful Prewar building nested on Madison Square Park. 24 hour doorman/concierge. Storage available for most units, each storage unit is on the apt's floor. Interior courtyard, gym in building. High ceilings, large windows."

"beautiful lobby, f/t doorman, prewar architecture mixed with modern decor Madison Sq Park at doorstep, subway 1 block, many restaurants and shops a few blocks away"

"The Grand Madison, built in 1906, was recently converted to condominiums and is located directly on Madison Square Park at the corner of Fifth Avenue. The building is an architectural masterpiece which has lovingly been restored to provide all of the grandeur of a pre-war building. Full time doorman and gym area. Fifth Avenue famous north-south street of the borough of Manhattan, New York City. It begins at Washington Square and ends at the Harlem River. Between 34th and 59th streets, Fifth Ave. is lined with fashionable department stores and specialty shops. Close to the subway trains N,R,Q,W."

"Great Building! Renovating Fitness Center Near R,W subway, Lower Fifth Avenue shopping, Park Ave South restaurants and Madison Square Park"

"Beautiful Architecture, Nice Madison Square Park Views from some units"

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Area Map | StreetView

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More Neighborhood Info

Subways

at Broadway 0.14 miles

at Park Ave 0.18 miles

at 6th Ave 0.28 miles

at 7th Ave 0.39 miles

at 6th Ave 0.41 miles

Aerial Imagery | Video

Building Virtual Tour (1/6)

Sales History

View Full Sales History

Sales Summary - Past 12 Months

View By Apartment Sizes

Past 12 Months

$1,649

Avg. Price / ft²
Based on 2 Sales

Closing History - Last 10 sales

Units Sold

$1.3M - $5.5M

Price Range

$1,932

Avg. Price / ft²

View All Closed Transactions

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

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213 Available for Sale
$1,966 Avg. Price / Ft²
$3,535,951 Avg. Price
$2,100,000 Median Price

Most Expensive 240 Park Avenue South Apt Penthouse | $30,000,000
Least Expensive 126 East 30th Street Apt 1A | $340,000

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Not enough data available to generate chart.

171 Available for Rent
$72 Avg. Price / Ft²
$7,550 Avg. Price
$5,200 Median Price

Most Expensive One Madison Apt 52A | $41,500
Price / ft² $150
Least Expensive 126 East 30th Street Apt 4A | $1,750

Map Graph Heat Map

Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above

Not enough data available to generate chart.

101 Total Sales
$1,710 Avg. Price / Ft²
$2,680,441 Avg. Price
$1,630,000 Median Price

Most Expensive Madison Square Park Tower Apt PHB | $24,845,250
Price / ft² $4,119
Least Expensive The Madison Parq Apt 1C | $399,000
Price / ft² $823

Grand Madison in the News

From Great Listings High-floor homes with private terraces and sweeping views from $650K

By CityRealty Staff Tuesday, September 8, 2020

From Great Listings Last week's most amazing new listings include Park Avenue paragon where past meets present

By CityRealty Staff Monday, April 8, 2019

From Future New York NoMad is Bursting Part 1: A Residential Neighborhood is Born

By Carter Horsley Tuesday, November 7, 2017

From Archives 47-story condo tower with 90 units planned for 23rd Street

By Carter Horsley Tuesday, August 29, 2006

Fifth Avenue development site with recently approved plans up for sale (Jul 5, 2006)
Bold design for 241 Fifth Avenue approved by landmarks commission (Jun 13, 2006)
Residential development site on Fifth Avenue being offered (May 18, 2006)
Top of building at 15 East 26th Street being converted to condos (May 3, 2006)
Landmarks commission ponders design for 241 Fifth Avenue (Apr 25, 2006)
Toy Center conversion plans 460 condo apartments (Feb 6, 2006)
New West Side tower will have glass cube entrance (Jul 5, 2005)

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Alternate Addresses

1 East 26th Street
2 East 27th Street
2 East 27th street
213 Fifth Avenue
215 Fifth Avenue
217 Fifth Avenue
219 FIfth Avenue
221 Fifth Avenue
223 FIfth Avenue
225 5
227 FIfth Avenue
229 FIfth Avenue
231 FIfth Avenue
3 East 26th Street
4 East 27th Street
4 East 27th street
5 East 26th Street
7 East 26th Street
9 East 26th Street

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Grand Madison, 225 Fifth Avenue

Between West 26th Street & West 27th Street

Key Details

Description

Building Amenities

Apartments for Sale at 225 Fifth Avenue (8)

Apartments for Rent at 225 Fifth Avenue (8)

Rating

Architecture Rating: 29 / 44

Location Rating: 30 / 36

Features Rating: 21 / 39

CityRealty Rating Reference

Carter Horsley's Review

Broker & Buyer Comments

Area Map | StreetView

Subways

Aerial Imagery | Video

Sales History

Sales Summary - Past 12 Months

Closing History - Last 10 sales

Pricing Comparison of Similar Buildings

In The Neighborhood: What’s Available & Sales Stats

Grand Madison in the News

Top Ten Lists:

CityRealty Indices:

Famous Residents

Alternate Addresses

Featured New Developments

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