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220 Madison Ave
4,420 SF Office/Medical Condo Unit Offered at $3,750,000 in New York, NY 10016
INVESTMENT HIGHLIGHTS
- Historic area
- Great proximity to grand central station
EXECUTIVE SUMMARY
This property was built in 1940 and is known as the John Murray House. Closest subway stations in this versatile Midtown neighborhood are the 4, 5, 6, 7 trains. Murray Hill’s location makes it an ideal neighborhood for many professionals that work in Midtown. For many commuters, the proximity to Grand Central Station is especially convenient.
PROPERTY FACTS
| Price | $3,750,000 | Building Class | B |
| Unit Size | 4,420 SF | Floors | 15 |
| No. Units | 1 | Typical Floor Size | 14,127 SF |
| Total Building Size | 211,910 SF | Year Built | 1941 |
| Property Type | Multifamily (Condo) | Lot Size | 0.53 AC |
| Property Subtype | Apartment | Parking Ratio | 0.19/1,000 SF |
| Sale Type | Investment |
| Price | $3,750,000 |
| Unit Size | 4,420 SF |
| No. Units | 1 |
| Total Building Size | 211,910 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | B |
| Floors | 15 |
| Typical Floor Size | 14,127 SF |
| Year Built | 1941 |
| Lot Size | 0.53 AC |
| Parking Ratio | 0.19/1,000 SF |
1 UNIT AVAILABLE
Unit 1
| Unit Size | 4,420 SF | Condo Use | Office/Medical |
| Price | $3,750,000 | Sale Type | Investment |
| Price Per SF | $848.42 |
| Unit Size | 4,420 SF |
| Price | $3,750,000 |
| Price Per SF | $848.42 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
DESCRIPTION
Norman Bobrow & Co., Inc. is please to offer the opportunity to acquire an office (Coop). Currently built as a medical office, the Coop does not have any use restrictions and can be used as an showroom, textile, office, etc. Located at 220 Madison Avenue built in 1940, known as the John Murray House, this beautiful pre-war apartment building spans Madison Avenue from 36th to 37th Streets and is directly across the street from the Morgan Library, a National Historic Landmark
SALE NOTES
Virtual Tour:
https://my.matterport.com/show/?m=LK2WzwhuFwj&brand=1&play=1&qs=1&help=0&vrcoll=0&nozoom=1
This space is available for $3,750,000. It includes 12 exam rooms, 5 offices and three bathrooms. Space includes 800 SF of basement storage. The Coop would be ideal for a Medical, Textile or Showroom Tenant.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | 650 |
| 2+2 | 190 | - | 1,240 - 1,195 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Doorman
- Bicycle Storage
- Maintenance on site
- Sundeck
ZONING
| Zoning Code | C5-2 (Medium density residential district) |
| C5-2 (Medium density residential district) |
Presented by
220 Madison Ave
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