1991 Madison Avenue

About this property

Spacious (19’X76’), light-filled, corner townhouse with three exposures and high rent roll. This meticulously-maintained building has four oversized units, was gut-renovated in 2007, and has two potential outdoor roof spaces (not counting the building rooftop) that can be converted to balconies/decks for outdoor recreation.

1991 Madison is ideal both as a turn-key, stabilized, low-tax property for an investor or the perfect living opportunity for an owner-occupant who wants to live in the well-appointed duplex and earn substantial income on the side from the three free-market rental units. Three of the four apartments have three exposures (north, east and west) and all apartments are free-market, have high ceilings, hardwood floors and ample closets and are filled to overflowing with large windows that illuminate the interiors.

This stately building stands on a tree-lined street at a great location with quick access to abundant transportation options, including two major express and local subway lines (2,3,4,5 and 6), Metro-North, the RFK Triboro Bridge and the eventual Second Avenue Subway (Q train) terminus at 125th St. It’s also near Marcus Garvey and Harlem River Parks and close to of some of the best restaurants, museums, and stores in Upper Manhattan, including Whole Foods, Red Rooster and world-famous Sylvia’s.

3% buyer’s broker commission. For sale by owner.

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