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172 Madison Avenue

Between East 33rd Street & East 34th Street   |    Murray Hill

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Key Details

  • Condo
  • Built in 2016
  • 69 Apartments
  • 34 Floors
  • Size From # avail
  • 2 Beds $2,700,000 9
  • 3 Beds $6,100,000 1
  • 4 Beds $14,000,000 2
  • Last updated Jun 17, 2018
  • View apartments for sale
$2,601 Avg. Price / Ft2
$105 Avg. Price / Ft2
  • Size Avg. Price # Sold
  • 1 BED $1,550,474 10
  • 2 BEDS $3,204,543 13
  • Avg. Price based on 23 closings during past 12 months Last updated Jun 21, 2018
  • View all recent sales
$1,982 Avg. Price / Ft2

Overview

73

172 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

24
Out of 44
+
24
Out of 36
+
16
Out of 39
+
9
=
73
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 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:
Unrelated Base 0 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:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 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:
More than 6 Short Blocks 0 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:
3-4 3 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes, with Swimming Pool 2 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 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:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points
  • #19 Rated condo - Murray Hill
How was this building rated?

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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Apts For sale at 172 Madison Avenue (12)

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Apts For rent at 172 Madison Avenue (1)

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Nearby Subway Stations

  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

Carter Horsley's Review

172 Madison Avenue 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." Read Carter's Full Review

The pros & cons

Pros
  • Storage
  • Fitness center with pool
  • Some balconies
  • Bicycle room
  • Good bus service
  • Close to Morgan library
  • Pet wash room
  • Close to Subway
  • One block east of the Empire State Building
  • Concierge
  • Mixed-use
Cons
  • Faces high-rise across 33rd Street
  • Considerable traffic
  • No sidewalk landscaping
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172 Madison Avenue Aerial Imagery

 

Pricing Comparison of Similar Buildings

View Detailed Comparison

172 Madison Avenue - 10 year Sales History

View Full Sales History
 

172 Madison Avenue 12 Month Sales Summary

View By Apartment Sizes
Past 12 Months
$1,982
AVG Price / ft2, based on 23 Sales
 

Loading Recent Closings Table

172 Madison Avenue Alternate Addresses

  • 174 Madison Avenue
  • 176 Madison Avenue

Featured New Developments

1-4 bedroom residences priced from $2.085M. Immediate occupancy. View Property
Immediate occupancy. 1-5 bedrooms from $1.950M. View Property

In the Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 235 Available for Sale
  • $1,663 Avg. Price / Ft2
  • $1,962,850 Avg. Price
  • $1,499,000 Median Price
  1. Most Expensive 172 Madison Avenue Apt PHA | $14,000,000
    Price / ft2 $3,946
  2. Least Expensive 150 East 37th Street Apt 2D | $449,000
    Price / ft2 $1,240
Not enough data available to generate chart.
  • 132 Available for Rent
  • $62 Avg. Price / Ft2
  • $5,282 Avg. Price
  • $4,200 Median Price
  1. Most Expensive Morgan Lofts Apt 2 | $38,000
    Price / ft2 $69
  2. Least Expensive The Devon Apt 7c | $1,750
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.
  • 312 Total Sales
  • $1,357 Avg. Price / Ft2
  • $1,269,952 Avg. Price
  • $1,175,000 Median Price
  1. Most Expensive 172 Madison Avenue Apt 26B | $3,492,598
    Price / ft2 $2,226
  2. Least Expensive Kips Bay Towers Apt 2-F | $315,000
    Price / ft2 $663

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for more information Are you ready to tour 172 Madison Avenue? Contact
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