Address: 809-811 Madison Avenue, New York, New York, US
Created date: February 26, 2024
Date last updated: April 8, 2024
- Potential User Opportunity
- Limited Residential Condominium Pipeline and Strong Neighborhood Sellouts
- Short-Term Leases Offer Immediate Upside
- Prestigious Madison Avenue Retail Corridor
- Rental Growth Rebound & Foot Traffic Recovery
- Luxury Tenant Co-Tenancy
- Convenient Access to Public Transportation
Property Description
Avison Young is pleased to present an opportunity to acquire 809-811 Madison Avenue (the “Property”), an exquisite pre-war mixed-use property spanning 12 stories and penthouse. This prime Madison Avenue and East 68th Street corner asset offers a multitude of value-add opportunities by way of building out and leasing up the vacant residential portion, converting the residential component to luxury condominiums, increasing the below market retail rents or creating a blank canvas for a user.