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172 Madison Avenue

Between East 33rd Street & East 34th Street

Key Details

  • Year Built 2016
    Building Type Condominium
    Neighborhood Murray Hill
  • Total Apartments 69
    Total Floors 34
    Doorman FT Doorman
$2,431
Avg. Price / ft2
$82
Avg. Price / ft2
$1,958
Avg. Price / ft2

Rating

24
Out of 44

Architecture Rating: 24 / 44

+
24
Out of 36

Location Rating: 24 / 36

+
16
Out of 39

Features Rating: 16 / 39

+
9
=
73

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #19 Rated condo - Murray Hill
 

Description

The site for a mixed-use tower at 172 Madison Avenue on the northwest corner at 33rd Street was acquired in 2007 by NMP Group, which planned an apartment and hotel tower with three major setbacks and broad light-colored piers.

It eventually defaulted on its loan and the CIM Group of Los Angeles purchased the $29 million mortgage and started foreclosure action.

In 2013, Yitzchak Tessler paid off the debt and CIM fees for about $55 million, according to an article in Crain’s and made a partnership with NMP to develop a 31-story tower with 67 apartments.

Karl Fischer is the architects and the project will have a 34-story tower setback on a low-rise base with a pool on the roof of the base.

The mostly glass tower will be contained in large black frames giving it a very powerful and very dramatic verticality.  The lowest level of the tower will be slightly indented and a middle section will be slightly indented on the south side and the top section, including the black frames, will be slightly indented on the south side and also have large balcony indentations on alternate floors.  The top of the tower will have a setback dark "cap."

Shamir Shah will do the interiors.

The building is across 33rd Street from 160 Madison Avenue, an angled, 42-story, glass-clad, rental building designed by SLCE for J. D. Carlisle Development with 319 apartments.

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Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Hi Rise
  • Post War
  • Basement Storage
  • Central AC
  • Pool
  • Elevator
  • Lounge
  • Fitness Center
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Bike Room
  • Terraces / Balconies
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Apartments for Sale at 172 Madison Avenue (12)

12
Available Apts
$1.8M - $98M
Price Range
$2,431
Avg. Price / ft2
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Apartments for Rent at 172 Madison Avenue (3)

3
Available Apts
$6,500
Prices Start At
$82
Avg. Price / ft2
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Carter Horsley's Review

Carter Horsley's Building Review
"The site for a mixed-use tower at 172 Madison Avenue on the northwest corner at 33rd Street was acquired in 2007 by NMP Group, which planned an apartment and hotel tower with three major setbacks and broad light-colored piers.
It eventually defaulted on its loan and the CIM Group of Los Angeles purchased the $29 million mortgage and started foreclosure action." Read Carter's Full Review
Pros
  • One block east of the Empire State Building
  • Some balconies
  • Good bus service
  • Storage
  • Concierge
  • Close to Morgan library
  • Bicycle room
  • Pet wash room
  • Fitness center with pool
  • Mixed-use
  • Close to Subway
Cons
  • Considerable traffic
  • No sidewalk landscaping
  • Faces high-rise across 33rd Street
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More Neighborhood Info

Subways

  1. 6
at Park Ave 0.12 miles
  1. M
  2. B
  3. D
  4. F
  5. N
  6. Q
  7. R
at 6th Ave 0.27 miles
  1. 4
  2. 5
  3. 7
at Madison Ave and 42nd 0.44 miles
  1. 1
  2. 2
  3. 3
at 7th Ave 0.44 miles
 
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$1,958
Avg. Price / ft2
Based on 6 Sales
 

Closing History - Last 10 sales

View All Closed Transactions
10
Units Sold
$1.2M - $3.6M
Price Range
$2,021
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 427 Available for Sale
  • $1,360 Avg. Price / Ft2
  • $1,475,284 Avg. Price
  • $895,000 Median Price
  1. Most Expensive 172 Madison Avenue Apt LePenthouse | $98,000,000
    Price / ft2 $4,946
  2. Least Expensive 238 East 30th Street Apt 1E | $299,000
Not enough data available to generate chart.
  • 198 Available for Rent
  • $66 Avg. Price / Ft2
  • $4,935 Avg. Price
  • $3,973 Median Price
  1. Most Expensive 135 East 38th Street Apt TOWNHOUSE | $29,500
  2. Least Expensive 152 East 35th Street Apt 2D | $1,975
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.
  • 469 Total Sales
  • $1,265 Avg. Price / Ft2
  • $1,050,497 Avg. Price
  • $905,000 Median Price
  1. Most Expensive The Corinthian Apt PHD | $4,825,000
    Price / ft2 $3,517
  2. Least Expensive 242 East 38th Street Apt 1A | $146,250
    Price / ft2 $366

Alternate Addresses

  • 174 Madison Avenue
  • 176 Madison Avenue

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